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The Story Behind the Story

Not selling a property can be as informative as selling it, it seems.

By Debra Hazel | Updated on June 05, 2014

NEW YORK CITY—Not selling a property can be as informative as selling it, it seems. At least that’s what Tanger Factory Outlet Centers Executive VP and CFO Frank C. Marchisello Jr. said as he discussed various avenues of sector growth at NAREIT’s REITWeek 2014.

At Tanger’s first quarter conference call, President and CEO Steve Tanger mentioned that a sale of a portfolio including its center in Barstow, CA, was put off when the announced development of a casino nearby created more tenant interest in the project.  There was a bit more behind the story than that. 

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