Deals
RPT Realty a Potential Bidder in Washington Prime Bankruptcy
- Mall owner requested purchase bids amid restructuring
- RPT earlier teamed up with partners on retail real estate JV
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Bankrupt mall owner Washington Prime Group Inc. is drawing interest from real estate investment trust RPT Realty Inc. after soliciting purchase bids as part of its “dual path” bankruptcy process, according to people familiar with the discussions.
RPT Realty, which owns about 50 shopping centers across the U.S., is assessing Washington Prime’s properties as part of the mall owner’s Chapter 11 restructuring, said the people, who asked not to be named discussing private negotiations.