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SITC sold 11 shopping centers for $552.7 million, boosting liquidity. Acquired four convenience properties for $88 million, enhancing portfolio. Successful mortgage facility of $530 million strengthens financial position. Recent initiatives improve balance sheet, enabling long-term growth potential. E-commerce growth poses risks due to potential tenant bankruptcies.
- SITC sold 11 shopping centers for $552.7 million, boosting liquidity.
- Acquired four convenience properties for $88 million, enhancing portfolio.
- Successful mortgage facility of $530 million strengthens financial position.
- Recent initiatives improve balance sheet, enabling long-term growth potential.
- E-commerce growth poses risks due to potential tenant bankruptcies.
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