Michael P. Glimcher appointed as new CEO of Starwood Retail Partners
It was announced by Starwood Retail Partners and parent company Starwood Capital Group (a global private real estate investment firm that’s owned SRP since 2012) that Michael P. Glimcher has been named the new Chief Executive Officer of Starwood Retail Partners as of September 11.
Starwood Retail Partners — the fifth-largest owner of regional malls in the United States — owns 30 malls and lifestyle centers in 16 states across the United States. Since 1991, Miami-based Starwood Capital Group has raised over $40 billion of equity capital while currently managing over $55 billion in assets.
Glimcher has a solid background in the real estate industry, to include a ten-year stint at Glimcher Realty Trust (2005-2015) where he served as both CEO and Chairman. He was recognized for his ability to successfully grow the company’s portfolio from moderately performing strip centers to successful larger market malls with a 95%-plus occupancy rate comprised of popular lifestyle retail concepts.
Glimcher is taking over the CEO role at Starwood Retail Partners from Scott Wolstein who will stay on as a Senior Advisor to Starwood Capital Group. "Michael has an intense passion for the retail business, is widely respected by his peers and has a deep understanding of what retailers and shoppers are looking for and how we, as landlords, must adapt,” said Mark Deason, Head of US Asset Management for Starwood Capital Group in a company release.
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