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CHICAGO-Former chairman Michael W. Reschke and E. Barry Mansur have agreed to pay $6.50 per share for Prime Group Realty Trust and assume $598 million in debt. Reschke and former president Richard S. Curto were ousted by the REIT in 2002.
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June 26, 2026
The portfolio also includes industrial, office and self storage.
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It's a victory for tenants — but landlords face higher insurance premiums, property taxes and fuel costs, according to Realtor.com.
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Zillow data shows 74% of listings within reach of median-income renters, creating a new competitive landscape for apartment owners.