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  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2009-12-07 00:00:00",
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      "text": "October 2008 – June 2009: No material mall transactions that we have been able to identify",
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      "text": "November 2009: Blackstone acquires a 60% interest in two of Glimcher's best malls – Lloyd Center and WestShore Plaza – for $62mm in cash and $130mm in assumed debt",
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      "text": "October 2009: Heitman pays $168mm in cash and assumes $167mm of property level debt to acquire a 49.9% interest in Macerich's Freehold Raceway Mall in NJ and Chandler Fashion Center in AZ",
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      "text": "November / December 2009: Simon Property Group hires advisers to evaluate a potential acquisition of GGP; The Wall Street Journal announces Brookfield has acquired $1bn of GGP’s unsecured debt",
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      "text": "July 2009: Macerich sells a 49% interest in Queens Center in NY to Cadillac Fairview for $150mm in cash plus $168mm in property level debt",
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      "text": "September 2009: Macerich sells a 75% interest in its Flatiron Crossing Mall in CO for $116mm in cash plus $136mm of assumed debt to private equity firm, GI Partners",
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      "text": "July 2009: Vintage Real Estate acquires regional mall, South Bay Pavilion, for $50mm",
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