Washington Prime Group Inc. is a real estate investment trust that invests in shopping centers.
As of December 31, 2016, the company owned interests in 114 properties containing 65 million square feet of leasable area.
Notable properties owned by the company include the following:
On May 28, 2014, the company, which at that time owned interests in 98 shopping centers, was spun off by Simon Property Group.
In June 2014, the company acquired its partner's 50% interest in Clay Terrace for $22.9 million.
In January 2015, the company acquired Glimcher Realty Trust in a $4.3 billion transaction and the company was renamed as WP Glimcher. As part of the transaction, Jersey Gardens in Elizabeth, New Jersey and University Park Village in Fort Worth, Texas, were sold to Simon Property Group, while WP Glimcher acquired Brunswick Square in East Brunswick, New Jersey and Jefferson Valley Mall in Yorktown Heights, New York from Simon.
On June 20, 2016, CEO Michael P. Glimcher resigned from the company and Louis G. Conforti was named chief executive officer.
In September 2016, the company changed its name back to Washington Prime Group. The company also sold Knoxville Center for $10.15 million.
In May 2017, the company sold a stake in six mall properties for $340 million.