GGP confirms details about Rouse portfolio spin off

08/3/2011 | Wall Street Journal, The

General Growth Properties has confirmed that it will sell 30 retail centers to a newly formed REIT in the form of a taxable dividend scheduled to be announced in the fourth quarter. The portfolio of lower-quality properties is 87.7% occupied, accounting for 7% of GGP's net operating income.

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Wall Street Journal, The

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