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WPG - Putting The Magnifying Glass Over Washington Prime Group's Ground Lease
Washington Prime Group Inc.
Intro
This is a short article attempting to properly frame or lens the Washington Prime Group (WPG) ground lease announced back in July, which has been subject to quite a few positive and negative pieces in the months since.
I have seen many comments and articles on this multi-property lease - speculation on what it means to the company, how it must be doing (or hurting) - plus inaccuracies over how it works. Comment sections are abuzz. It's either terrible or wonderful for the company. My view on it is simple - it is creative