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WPG - Washington Prime: Another One Bites The Dust
Washington Prime Group Inc.
As the reality of 2020 sunk in, we authored a piece describing the pending demise of Washington Prime Group.
We ran the numbers and there was no path for the REIT to make interest and debt payments in a timely fashion with the cash flow available from the portfolio.
This piece will provide an update on this rare event and discuss what we can take away from it.