For the second year in a row, the top owners and managers of retail real estate in the United States did little to change their portfolios. In fact, the amount of space controlled by the top 10 owners of retail real estate fell slightly in 2009 from the year prior. For the most part, firms seem focused on keeping current portfolios in order rather than going out and buying new properties.
The list, however, does not reflect Simon Property Group’s acquisition of the Prime Outlet portfolio (since thathas yet to close). And the General Growth saga has yet to fully play out, which could result in some reshuffling.
On the management side, Jones Lang LaSalle Americas made the largest jump. The firm increased its managed portfolio of properties in the United States by 22 million square feet. As a result, it jumped up to No. 7 on the list from No. 12 last year.
In the two links below, you’ll find our expanded listings of the top owners and managers as compared to the list that ran in our print March/April issue. Each list includes just more than 100 companies. In addition, for many companies, the listings include percentage breakdowns by region and by property type.
Overall, the top 100 owners of retail real estate control a little more than 2 billion square feet of retail space. Of that, more than 50 percent—about 1.1 billion square feet—is concentrated in the hands of the top 10 largest firms.
As always, we attempted to include every firm we possibly could, either through having firms complete surveys or by reviewing SEC filings and company Web sites. If your firm is missing or its email@example.com updating, send an e-mail to