SITC Closes Curbline Spin-Off, Disposes Properties Worth $610.1M

SITE Centers Corp. (SITC) has announced the completion of Curbline Properties spinoff. Recently, the retail REIT also provided an update on its transaction activity. Following the spin-off, Curbline has become an independent, publicly traded company that is trading today on the NYSE under the ticker symbol "CURB." Curbline is funded with $800 million in cash at the time of the spin-off, alongside a$400 million undrawn, unsecured line of credit and a $100 million unsecured, delayed draw term loan while carr ...