What happened to General Growth Properties?
On August 28, 2018, GGP was acquired by Brookfield Property Partners and management of its former portfolio was transferred to its Brookfield Properties subsidiary for $9 billion in cash. The transaction reunited the malls spun off in the Rouse Properties spinoff with the GGP malls.
Where is General Growth Properties headquarters located?
Chicago, Illinois, United States
Brookfield Properties Retail Group/Headquarters
How many malls does GGP own?
GGP owns 122 enclosed and open-air malls in the U.S., making it the nation’s second-largest mall owner behind Simon Property Group. Local properties include Water Tower Place on North Michigan Avenue and the Oakbrook Center and Northbrook Court malls in the suburbs. GGP also owns retail properties at 605 and 830 N.
Who is the CEO of Brookfield Properties Retail Group?
Jared Chupaila
Jared Chupaila is the Chief Executive Officer of Brookfield Properties’ retail group. He is responsible for the company’s U.S. portfolio of over 150 retail centers encompassing over 150 million square feet of retail space across 43 states.
Who acquired GGP?
Brookfield Property Partners
The GGP acquisition At the time, GGP was a publicly traded company. In a somewhat complicated transaction, Brookfield Property REIT was created as a new entity by Brookfield Property Partners (NASDAQ:BPY) to consummate the transaction and create a separately traded REIT focused on shopping centers.
Is Bpy a REIT?
Brookfield Property Partners (NASDAQ: BPY) and its affiliated real estate investment trust (REIT) Brookfield Property REIT (NASDAQ: BPYU) have a dilemma. They own some of the most iconic office buildings in the world and some of America’s best shopping malls.
Who is Brian Kingston?
Brian Kingston is a Managing Partner and Chief Executive Officer of Brookfield’s Real Estate Group and Brookfield Property Partners. Kingston led Brookfield’s Australian business activities, holding the positions of CEO of Brookfield Office Properties Australia, CEO of Prime Infrastructure and CFO of Multiplex.
How much did Brookfield pay GGP?
One year ago, the company completed its acquisition of General Growth Properties (GGP), a REIT focusing on master planned communities and retail, for a cool $27.5 billion. This acquisition was bold for reasons beyond its large size.
Who started Brookfield Properties?
member Raymond Donat
ROOTS WITH BUILDING OF MONTREAL FORUM: 1923 The man who spearheaded the founding of Brookfield Properties was Montreal businessman, politician, and Hockey Hall of Fame member Raymond Donat. Born in rural Quebec, Canada, in 1880, Donat moved to Montreal in his early 20s after graduating from Valley-field College.
Who are the owners of Brookfield Properties?
Brookfield Property Partners
| Type | Publicly traded partnership |
|---|---|
| Founded | 2013 |
| Headquarters | Hamilton, Bermuda |
| Area served | Worldwide |
| Key people | Ric Clark (chairman) Brian Kingston (CEO) Lowell Baron (Chief Investment Officer) |
Is GGP a REIT?
One year ago, the company completed its acquisition of General Growth Properties (GGP), a REIT focusing on master planned communities and retail, for a cool $27.5 billion.
Which REIT is best in India?
3 Listed REITs Stocks In India 2021
| REITs Stocks | BSE | NSE |
|---|---|---|
| Brookfield India Real Estate Trust REIT | 267.51 | 267.34 |
| Embassy REIT | 361.95 | 361.25 |
| MINDSPACE BUSINESS REIT | 290.44 | 290.00 |