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In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, GGP (NYSE: GGP) Executive Vice President and COO Shobi Khan discussed the results of the mall REIT’s 2016 sustainability report.
Khan discussed GGP’s four key areas of focus in sustainability:
Sandeep Mathrani, CEO of General Growth Properties, Inc. (NYSE: GGP), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Mathrani highlighted the top three features that consumers are looking for when they visit a typical U.S. mall.
Joseph Coradino, CEO of Pennsylvania Real Estate Investment Trust (NYSE: PEI), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
PREIT owns shopping centers in 12 states in the eastern half of the United States. Its assets are concentrated in the Mid-Atlantic region and Philadelphia.
A. Alfred Taubman, the founder of Taubman Centers, Inc. (NYSE: TCO) who is widely credited with inventing the concept of the indoor shopping mall, died of a heart attack in his home in Bloomfield Hills, Mich., on April 18. He was 91.
T. Ritson Ferguson, CEO and CIO of CBRE Clarion Securities, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Ferguson noted that, across the board, REITs are performing well in 2014. He singled out the mall sector as the biggest surprise.
“The mall sector, especially the A-quality malls, is very strong,” Ferguson said. “We like those companies—their ability to generate cash flow growth is quite strong.”
In the competitive world of retail, mall operators and their tenants have an advantage that Daphne Carmeli, founder and CEO of same-day delivery service Deliv, is working to exploit: inventory that is conveniently located to a large number of consumers.