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GGP Focuses on Pruning its Portfolio (Friday's News & Notes)

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Now that Sandeep Mathrani has assumed the post as GGP's new CEO, he plans to further clean out the REIT's portfolio. Mathrani would like GGP to stick with its core mall format and shed the assorted strip centers, power centers and office buildings it still owns, according to the CoStar Group. Mathrani said his goal is to reduce GGP's holdings to 150 properties, principally malls. For more on retail and retail real state follow the links below:

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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