Simon Property not interested in sale leasebacks for J.C. Penney stores

04/29/2013 | Bloomberg Businessweek · Reuters

Simon Property Group is not interested in sale leaseback transactions, which could curtail options for its J.C. Penney tenants. It has reported a strong Funds From Operations for the first quarter, which gives the REIT more wiggle room to rule out certain strategies such as sale leasebacks.

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Bloomberg Businessweek · Reuters

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