Just posted on the website. The JV agreement is filed as an 8K.

The Blackstone Group and Glimcher to Form Joint Venture
Joint Venture to Acquire Lloyd Center and WestShore Plaza

COLUMBUS, Ohio, Nov. 5 /PRNewswire-FirstCall/ --
The Blackstone Group(® )and Glimcher Realty Trust (NYSE: GRT), today announced a partnership for the acquisition and management of two regional malls.

The assets for the joint venture will consist of two existing Glimcher mall properties: Lloyd Center in Portland, Oregon and WestShore Plaza in Tampa, Florida. The gross value for the combined transaction is approximately $320 million which would include assumption of the approximately $218 million in mortgage loans currently in place on the properties. The transaction is expected to generate net proceeds of approximately $60 million to Glimcher after considering debt assumption and typical closing costs. These proceeds will be used to reduce amounts outstanding under Glimcher's credit facility.
The joint venture will acquire the entities that own these two properties. An affiliate of Blackstone will acquire 60% of the joint venture and Glimcher will retain the remaining 40% interest. The transaction requires a $6.3 million security deposit, which is non-refundable provided the consent of existing first mortgage lenders is obtained and customary tenant estoppels are received. The transaction is anticipated to close in December of 2009. In connection with the transaction, Glimcher Properties Limited Partnership ("GPLP") has made customary representations and warranties. GPLP will continue to manage the operation of these two properties.

"We look forward to jointly evaluating additional mall acquisitions in the future. We are excited about forming this new relationship with Blackstone, a highly-respected and strategic investor, which furthers our goal of raising capital through the partial sales of our Lloyd Center and WestShore properties. This relationship will help Glimcher in the near-term while also positioning us to benefit from the economic recovery when it occurs," stated Michael P. Glimcher, Chairman of the Board and CEO of Glimcher.

"We are pleased to find in Glimcher an experienced and proven team to partner with," stated Jonathan D. Gray, Senior Managing Director of Blackstone. "We believe there should be regional malls available at attractive pricing during this cycle," added Mr. Gray.

About Glimcher:
Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of malls, which includes enclosed regional malls and open-air lifestyle centers.

Glimcher Realty Trust's common shares are listed on the New York Stock Exchange under the symbol "GRT." Glimcher Realty Trust's Series F and Series G preferred shares are listed on the New York Stock Exchange under the symbols "GRT-F" and "GRT-G," respectively. Glimcher Realty Trust is a component of both the Russell 2000(®) Index, representing small cap stocks, and the Russell 3000(®) Index, representing the broader market.

About The Blackstone Group(®):
Blackstone is one of the world's leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge funds, funds of funds, debt funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. Blackstone also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service.