Mall REITs are positioned for big gains, Ackman says

12/11/2009 |

Mall REITs are a great investment thanks to rising consumer confidence and the fact the retailers who survived the recession are taking new space in malls, said Bill Ackman, head of Pershing Square Capital Management. "Retailers with successful concepts are acquiring leases from liquidating retailers, allowing malls to refresh their product offerings with concepts that should drive increased traffic," he said, speaking to a gathering of the International Council of Shopping Centers.

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