Mike Glimcher: Not much development for 3 to 5 years

12/16/2009 | REIT.com

Glimcher Realty Trust has a history as a successful and aggressive retail developer, but that strategy is going on the back burner for a while, said Mike Glimcher, the REIT's chairman and CEO. "For the next three to five years, I see us looking at acquisitions," Glimcher said. "I don't see us or anyone doing much from the ground up." The REIT might do some selective redevelopment of existing properties or acquired retail properties, he said.

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