BROOKFIELD PROPERTY REIT INC.
United States of America (US)
OpenCorporation rating: 9.46 on 100
Ranking 2018: 1719 on 602 companies
Primary and secondary NACE classification:
• Renting and operating of own or leased real estate (6820)
• Renting and operating of own or leased real estate (6820)
Company description
The company operates, develops and manages retail and rental properties located throughout the United States. The company has its headquarters in Chicago, Illinois, United States. It was formed as a 50/50 joint venture between General Growth Properties (GGP) and the New York State Common Retirement Fund. The company and four institutional co-investors formed the company to purchase the retail real estate portfolio owned by Sears, Roebuck & Co.The properties in the company's portfolio are Arrowhead Towne Center, Bay City Mall, Brass Mill Center, Chula Vista Center, Columbiana Centre, Deerbrook Mall, Lakeland Square Mall, Moreno Valley Mall, Neshaminy Mall, Newgate Mall, Newpark Mall, North Point Mall, The Parks at Arlington, Pembroke Lakes Mall, The Shoppes at Buckland Hills, Steeplegate Mall, Superstition Springs Center, Tysons Galleria, Vista Ridge Mall, Washington Park Mall, West Oaks Mall and The Woodlands Mall.The company's Willowbrook Mall was acquired for approximately USD 144.9 million from a pension account managed by Atlanta-based Lend Lease Real Estate Investments. Willowbrook Mall was originally developed in 1981 and was extensively remodeled in 1992. It has approximately 423,000 square feet of mall shop space.The company is a wholly owned subsidiary of General Growth Properties (GGP), which is the second largest real estate investment trust. GGP owns, develops, operates, and manages shopping malls in 44 states, as well as communities in three states, that include Summerlin in Nevada, The Woodlands and Bridgeland in Texas.
OpenCorporation questionnaire
The read only version of the questionnaire submitted to this company is publicly available: view questionnaire.