Retail Watch: Dillard's Forming REIT To Own Its 50 Mil. SF of Space

Dillard's Inc. intends to form a wholly owned subsidiary that will seek to operate as a real estate investment trust (REIT). Dillard's said it believes the formation of a REIT may enhance its ability to access debt or preferred stock and thereby enhance its liquidity. Under the proposal, various Dillard's entities will transfer interests in certain real properties that the entities currently own ...

Read full post here. Yahoo! News

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