General Growth Properties
General Growth Properties (GGP) was a prominent real estate investment trust (REIT) based in the United States. Founded in 1954, it specialized in the ownership, management, and development of retail and mixed-use properties, primarily shopping malls. GGP was known for its extensive portfolio, which included some of the largest and most well-known shopping centers across the country.
In 2010, GGP filed for bankruptcy due to financial difficulties stemming from the economic downturn. However, it successfully emerged from bankruptcy in 2011 and continued to operate until it was acquired by Brookfield Property Partners in 2018. This acquisition allowed Brookfield to expand its retail property holdings significantly.