Any thoughts on the Mall purchased in Alabama?
I was born in Gadsden and didn't realize the entire city was worth that much.
The Pirates' home city is Pittsburgh. They train in Bradenton, Fl. not Clearwater.
I was in Florida last week and saw the Pirates play in their home stadium. The stadium is from 1935 with an update in the early 90's. The price of real estate in Clearwater where the Phillies are located is out of sight!
The Washington Wild Things stadium is on land adjacent to Washington Crown Center, a PREIT mall. An access road to the stadium is directly off mall property. I hope you understand, but I have to say this: GO PIRATES!
Depreciation expense will make this accretive to FFO, and increase previously given guidance for 2005.
Marvin my good friend at 480,000 sq ft this will result in a rounding error to FFO. Hope you will make the Annual Meeting!
It fits perfectly to their strategy of buying under performing properties... i.e. Rouse buys.We are in good hands!