DALLAS, Nov. 9, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring General Growth Properties Inc. (Pink Sheets:GGWPQ). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on General Growth Properties Inc. (Pink Sheets:GGWPQ) should be of particular interest to real estate/property management companies: Simon Property Group. (NYSE:SPG), Vornado Realty Trust (NYSE:VNO), Kimco Realty Corp. (NYSE:KIM) and CB Richard Ellis Group (NYSE:CBG).
It is available at: http://www.investorsoup.com/lp/GGWPQ
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General Growth Properties Inc. (GGWPQ) is a self-administered and self-managed real estate investment trust (REIT). GGP is the owner or manager of more than 200 regional shopping malls in 44 states and the owner of five master planned communities. The Company operates in two segments: Retail and Other, and Master Planned Communities. In April 2009, the Company filed for filed for Chapter 11 bankruptcy protection from its creditors.
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In the report, the analyst notes:
"On April 16, 2009, the Company, Operating Partnership and certain of the Company's domestic subsidiaries filed voluntary petitions for relief under Chapter 11. On April 22, 2009, certain additional domestic subsidiaries of the Company also filed voluntary petitions for relief under Chapter 11. However, neither GGMI, certain of GGWPQ's wholly owned subsidiaries, nor any of its joint ventures, either consolidated or unconsolidated, have sought such protection.
"GGWPQ announced in August that it has signed deals with fashion retailer Forever 21 for six new stores at GGP malls serving the five metropolitan areas of Houston, San Antonio, Louisville, Las Vegas and Birmingham. Celebrated by many style-conscious shoppers, Forever 21 is the source for the most current fashions at the greatest value. The six locations total 580,000 square feet of space and all are planned to open in 2010. These Forever 21 locations are larger in square footage than average Forever 21 stores, offering a larger selection of apparel and merchandise."
To read the entire report visit: http://www.investorsoup.com/lp/GGWPQ
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