X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-General Growth Properties Inc. will emerge from Chapter 11 restructuring early next month. With the company’s plan of reorganization confirmed by Judge Allan Gropper of the U.S. Bankruptcy Court for the Southern District of New York, GGP has become one of the few REITs to emerge from bankruptcy, and certainly the largest one to do so.  

“From a purely technical point of view, GGP is a great illustration of why bankruptcy works,” says a source close to the transaction. “For the right kind of situation, bankruptcy is the only way to protect everyone’s interests.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.