NEW YORK–With a limited market for top quality malls in the United States, the nation’s largest REITs have to figure out ways to continue to grow to satisfy investors. Simon Property Group and General Growth Properties are a study in contrasts, taking markedly different tacks, as their leaders explained at the Barclays 2014 Global Financial Services Conference here.

The United States, with approximately 1,100 malls, really should have some 700 to 800, said Sandeep Mathrani, General Growth CEO, of which 425 being of high quality, defined as A and B+ . And those aren’t being sold these days.

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