Profile: GGP Inc (GGP.N)
24 Mar 2017
GGP Inc. (GGP), formerly General Growth Properties, Inc., incorporated on July 1, 2010, is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. As of December 31, 2016, the Company owned, either entirely or with joint venture partners, 127 retail properties located throughout the United States comprising approximately 125 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company's retail properties included 200 Lafayette, The Shoppes at Buckland Hills, Northridge Fashion Center, Brass Mill Center, Jordan Creek Town Center, Westroads Mall and Stonestown Galleria.
The Company's business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN and GGPOP, the Operating Partnerships), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31, 2016, 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 generally 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. GGSI also serves as a contractor to GGMI for these services. GGPRS provides financial, accounting, tax, legal, development and other services to its properties.
110 N Wacker Dr
CHICAGO IL 60606-1511
Company Web Links
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