Glimcher Completes Financing of University Park Village in Fort Worth, Texas

COLUMBUS, Ohio–(BUSINESS WIRE)– Glimcher Realty Trust (NYSE: GRT) announced today that it recently closed on a $55.0 million mortgage loan secured by University Park Village located in Fort Worth, Texas. The new loan has a fixed interest rate of 3.85% per annum and a fifteen year term. The new loan replaces the $60.0 million term loan that was executed in connection with the purchase of University Park Village in January 2013.

“We are pleased with the strong execution on this permanent financing for University Park Village,” stated Mark E. Yale, Executive Vice President and CFO. “These favorable terms further validate the quality of the property,” added Mr. Yale.

About Glimcher Realty Trust

Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed use, open-air and enclosed regional malls as well as outlet centers. Glimcher owns material interests in and manages 29 properties with total gross leasable area totaling approximately 21.7 million square feet.

Glimcher Realty Trust‘s common shares are listed on the New York Stock Exchange under the symbol “GRT.” Glimcher Realty Trust‘s Series G, Series H, and Series I preferred shares are listed on the New York Stock Exchange under the symbols “GRTPRG”, “GRTPRH,” and “GRTPRI” 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. Glimcher® is a registered trademark of Glimcher Realty Trust.

Forward Looking Statements

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. Risks and other factors that might cause differences, some of which could be material, include, but are not limited to, economic and market conditions, tenant bankruptcies, bankruptcies of joint venture (JV) partners, rejection of leases by tenants in bankruptcy, financing and development risks, construction and lease-up delays, cost overruns,

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