The announcement by General Growth Properties executives that they would like to purchase a few high-end urban street assets comes as no surprise to industry analysts. With few acquisition or development opportunities available for class-A regional malls, U.S. mall REIT operators have had to find new avenues for growth, ranging from outlet centers to forays into international markets. In fact, it’s possible that other REITs might follow GGP into the high street space. But the ...
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