ARLINGTON, VA-One-time charges and a drop in straight-line rents impacted the REIT's NOI and FFO. Some of the charges are related to the modification of five skate park leases at some of its centers due to an ownership change as well "as an increase in bad debt reserves due to changes in the estimated collectability of certain accounts receivable," says the company's quarterly SEC filing.
CLIFTON, NJ-Apollo Management and investors including NRDC Real Estate Advisors are buying the 516-store chain. Linens 'n Things' board of directors accepts a $1.3-billion, $28-per-share buyout offer. The retailer had placed itself up for sale in September.
CLIFTON, NJ-Apollo Management and investors including NRDC Real Estate Advisors are buying the 516-store chain. Linens 'n Things' board of directors accepts a $1.3-billion, $28-per-share buyout offer. The retailer had placed itself up for sale in September.