Arlen Realty and Development Corporation
American real estate investment trust / From Wikipedia, the free encyclopedia
Arlen Realty & Development Corporation, also known as Arlen, was a real estate investment trust founded in 1959 by Arthur G. Cohen and Arthur N. Levien.[1] In the early 1970s, it was one of the largest publicly traded real estate investment trusts. Arlen began by developing suburban shopping centers throughout the United States, and in 1971, it acquired discount retail chain E.J. Korvette. By 1975, Arlen owned and managed over 42 million square feet of shopping centers, and controlled over $1.7 billion of US real estate assets.
Quick Facts Company type, Founded ...
Company type | Real estate investment trust |
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Founded | 1959; 65 years ago (1959) |
Founders | Arthur G. Cohen Arthur N. Levien |
Headquarters | New York City |
Area served | United States |
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