{"id":74143,"date":"2020-05-17T03:10:15","date_gmt":"2020-05-17T07:10:15","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=74143"},"modified":"2020-05-19T02:07:58","modified_gmt":"2020-05-19T06:07:58","slug":"bankrupted-jc-penney-plans-to-spin-its-properties-into-separate-real-estate-company","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2020\/bankrupted-jc-penney-plans-to-spin-its-properties-into-separate-real-estate-company.html","title":{"rendered":"Bankrupted JC Penney plans to spin its properties into separate real estate company"},"content":{"rendered":"<p>(CNBC) A piece of J.C. Penney\u2019s proposal to emerge from bankruptcy includes spinning its real estate into a publicly traded real estate investment trust. As part of a plan filed with the bankruptcy court, Penney would reorganize into a new retailer (\u201cJCP\u201d), along with a REIT that would collect rent checks from the retail business. Court documents say as much as a 35% stake in the newly created REIT could be sold to a third-party investor to raise cash, or to provide additional funding for the REIT. <\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/05\/16\/bankrupted-jc-penney-plans-to-spin-properties-into-new-real-estate-company.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) A piece of J.C. Penney\u2019s proposal to emerge from bankruptcy includes spinning its real estate into a publicly traded real estate investment trust. As part of a plan filed with the bankruptcy court, Penney would reorganize into a new [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74143","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=74143"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74143\/revisions"}],"predecessor-version":[{"id":74144,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74143\/revisions\/74144"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=74143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=74143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=74143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}