HORIZON GROUP PPTYS INC - HGPI STOCK NEWS

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Horizon Group Properties, Inc., based in Norton Shores, MI, with executive offices in Rosemont, IL, is a leading owner and developer of factory outlet shopping centers. They are also the developer of a master-planned community in suburban Chicago. The company recently acquired Lincoln City Outlets in Oregon and is dedicated to enhancing the retail experience for visitors and residents alike.

03/25/2024 07:00 AM

News

Horizon Group Properties Expands Portfolio with Acquisition of Outlets at the Dells

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Horizon Group Properties, Inc. (HGPI) acquires interest in Outlets at the Dells, a prominent shopping center in Wisconsin, with a diverse range of retail stores and restaurants. CEO Gary Skoien expresses enthusiasm for the acquisition.

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Horizon Group Properties Expands Portfolio with Acquisition of Lincoln City Outlets

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Horizon Group Properties (OTC: HGPI.pk) acquires Lincoln City Outlets for $35.25 million, enhancing its portfolio with a popular shopping destination in Oregon. The center features over 50 retail stores, restaurants, and venues, including renowned brands like Nike, Coach, and North Face. The acquisition aligns with Horizon's strategy of targeting strong tourist destinations, aiming to leverage its expertise in retail operations to drive growth.

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Horizon Group Properties Completes Deed-In-Lieu of Foreclosure Transaction

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Horizon Group Properties, Inc. (OTC: HGPI) has successfully completed a deed-in-lieu of foreclosure transaction involving three outlet shopping centers located in Burlington, Fremont, and Oshkosh. These properties served as collateral for a non-recourse loan. As part of the transaction, the company received a covenant not to sue from the lender, and is expected to report a gain of approximately $14 million. This strategic move may help stabilize the company's financial position amidst ongoing challenges in the retail sector.

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FAQ

What is the current stock price of HORIZON GROUP PPTYS (HGPI)?

The current stock price of HORIZON GROUP PPTYS (HGPI) is $1.75 as of September 13, 2024.

What is the market cap of HORIZON GROUP PPTYS (HGPI)?

The market cap of HORIZON GROUP PPTYS (HGPI) is approximately 16.2M.

Where is Horizon Group Properties, Inc. based?

Horizon Group Properties, Inc. is based in Norton Shores, MI, with executive offices in Rosemont, IL.

What does Horizon Group Properties, Inc. specialize in?

Horizon Group Properties, Inc. specializes in owning and developing factory outlet shopping centers.

What recent acquisition did Horizon Group Properties, Inc. make?

Horizon Group Properties, Inc. recently acquired Lincoln City Outlets in Oregon.

What is Horizon Group Properties, Inc.'s commitment to Lincoln City Outlets?

Horizon Group Properties, Inc. is dedicated to enhancing the retail experience at Lincoln City Outlets for visitors and residents.

What other projects is Horizon Group Properties, Inc. involved in?

Apart from outlet shopping centers, Horizon Group Properties, Inc. is also the developer of a master-planned community in suburban Chicago.

Where can more information about Horizon Group Properties, Inc. be found?

Additional information about Horizon Group Properties, Inc. can be found at www.horizongroup.com.

Who is the President and CEO of Horizon Group Properties, Inc.?

Gary Skoien is the President and CEO of Horizon Group Properties, Inc.

What are the key attractions in Lincoln City, Oregon?

Lincoln City, Oregon, is known for its stunning beaches, Chinook Winds Casino, Salishan Golf Resort, and a variety of wineries.

What are the primary responsibilities of Horizon Group Properties, Inc. in the joint venture for Lincoln City Outlets?

Horizon Group Properties, Inc. will act as the managing member and handle leasing, management, and marketing for Lincoln City Outlets.

What is the long-term strategy of Horizon Group Properties, Inc. regarding outlet centers?

Horizon Group Properties, Inc. aims to acquire outlet centers in regions that are strong tourist destinations.

What brands are featured at Lincoln City Outlets?

Lincoln City Outlets includes a variety of national and local retailers like Nike, Coach, Pendleton, North Face, and more.

How much did Horizon Group Properties, Inc. acquire Lincoln City Outlets for?

Horizon Group Properties, Inc. completed the acquisition of Lincoln City Outlets for a total of $35.25 million.

What type of businesses have recently opened at Lincoln City Outlets?

Notable additions include the recent opening of Gilgamesh Brewing at Lincoln City Outlets.

What sets Lincoln City Outlets apart as a retail destination?

Lincoln City Outlets offers a combination of national and local retailers, making it a favorite shopping destination for both tourists and residents.

HORIZON GROUP PPTYS INC

OTC:HGPI

HGPI Rankings

N/A Ranked by Market Cap

N/A Ranked by Dividends

HGPI Stock Data

Market Cap 16.17M

Float 9.80M

Industry Real Estate - Diversified

Sector Real Estate

Website Link

Country United States of America

City Rosemont