After Bon-Ton, Washington Prime is moving away from department stores

In reporting the real estate company's earnings, CEO Lou Conforti was typically direct. Since 2014, tenants occupying 10 percent of its inline space – nearly 2.3 million square feet – have gone bankrupt. The company will "significantly reduce department store exposure" and since 2015 has approved 15 department store transactions from $5 to $20 million.