However, Rodamco North America has said it is in talks with several parties about a possible sale, with Indianapolis-based Simon Property Group and Baltimore-based Rouse Co. reportedly among them along with General Growth.
Meanwhile, Australian firm Westfield Holdings Ltd. is seeking to increase its 24% stake in Rodamco.
General Growth, which has ownership and management interests in 145 malls with 125 million sf, recently sold 8 million new shares of common stock, raising $300 million. Members of General Growth senior management ponied up more than 15% of that total, buying up about 1.3 million shares.
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