GLIMCHER CLOSES $55M LOAN FOR UNIVERSITY PARK VILLAGE

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FORT WORTH, TEXAS — Glimcher Realty Trust has closed a $55 million mortgage loan secured by University Park Village, an open-air lifestyle center in Fort Worth. The 15-year loan has a fixed interest rate of 3.85 percent. The new loan replaces the $60 million loan executed in connection with the purchase of University Park Village in January 2013.

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