Profile: General Growth Properties Inc (GGP)
1 Dec 2015
General Growth Properties, Inc. (GGP), incorporated on July 1, 2010, is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. As of December 31, 2014, the Company owned, either entirely or with joint venture partners, 128 retail properties. The Company’s business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP.
As of December 31, 2014, GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition to holding ownership interests in various joint ventures, the Operating Partnerships conduct their operations through General Growth Management, Inc. (GGMI), General Growth Services, Inc. (GGSI) and GGPLP REIT Services, LLC (GGPRS). GGMI and GGSI are taxable REIT subsidiaries (TRSs), which provide management, leasing, tenant coordination, business development, marketing, strategic partnership and other services.
As of December 31, 2014 the Company’s total leased space was 97.2%. The Company’s properties include Ala Moana Center, Boise Towne Square, Coral Ridge Mall, Crossroads Center, Crossroads Center, Fashion Show, Glenbrook Square, Jordan Creek Town Center, Lynnhaven Mall, Mondawmin Mall, North Point Mall, Oak View Mall, Park City Center, Lake Mead & Buffalo and Owings Mills Mall among others.
General Growth Properties Inc
110 N Wacker Dr
CHICAGO IL 60606-1511