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GGP Presentation-Ackman-Ira Sohn Conf-5!27!09 (2)

GGP Presentation-Ackman-Ira Sohn Conf-5!27!09 (2)

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Published by: zerohedge on Jun 01, 2009
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05/11/2014

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1954:
Brothers Martin &
Matthew Bucksbaum
found GGP and open
Town & Country
Shopping Center in
Cedar Rapids, IA

1960:
GGP opens Duck
Creek Plaza, one
of the first malls to
have a department
store anchor

April-2007:
GGP achieves
a market cap
of ~$20bn

August-2004:
Rouse acquisition

GGP paid ~$4bn in dividends
GGP refinanced or paid down
~$32bn of debt

Until Q1’09, GGP never
defaulted on a mortgage

During its time as a
Public Company

1954

1960

1993

1995

1997

1999

2001

2003

2005

2007

16

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