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Rouse Properties

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Rouse Properties
Company typePublic company (NYSERSE)
IndustryProperty Investment Trust
Founded2011
HeadquartersNew York City, New York, U.S.
ProductsInvestment trust
Websitewww.rouseproperties.com

Rouse Properties (NYSERSE) is a publicly traded real estate investment trust headquartered in New York City. The company was created in August 2011 as a spin-off entity of General Growth Properties, Inc. ("GGP") after GGP filed a Form 10 registration statement with the Securities and Exchange Commission.[1][2] Rouse Properties owns 30 malls in 19 states encompassing approximately 21 million square feet of retail space.[3] In February 2012, leading investment website Seeking Alpha published an article suggesting that Rouse Properties may be undervalued, but that part of this undervaluation comes from the leverage.[4]

Rouse Properties by state

Arizona

California

  • Bayshore Mall, Eureka, California
  • Chula Vista Center, Chula Vista (San Francisco)
  • NewPark Mall, Newark (San Francisco)
  • Southland Mall, Hayward (San Francisco)
  • West Valley Mall, Tracy (San Francisco)

Florida

Idaho

  • Silver Lake Mall, Coeur D'Alene

Illinois

Louisiana

Michigan

Minnesota

New Hampshire

  • Steeplegate Mall Concord

Nevada

New Mexico

  • Animas Valley Mall, Farmington
  • North Plains Mall, Clovis

North Carolina

Ohio

  • Colony Square Mall, Zanesville (Columbus)

Oklahoma

  • Washington Park Mall, Bartlesville (Tulsa)

Oregon

Texas

Utah

  • Cache Valley Mall, Logan

Washington

  • Three Rivers Mall, Kelso

Wyoming

References

  1. ^ York, New. "Rouse Properties Spins Off as REIT | Exchanges". Exchanges.nyx.com. Retrieved 2012-02-08.
  2. ^ "Rouse Properties, Inc. Debuts as Publicly Traded Regional Mall REIT - PRNewswire - Wire". Bradenton.com. 2012-01-12. Retrieved 2012-02-08.
  3. ^ "Rouse Properties, Inc. Sets Record Date for Rights Offering". Market Watch. February 3, 2012. Retrieved February 11, 2012.
  4. ^ "Another GGP Spin-Off: Rouse Properties Seems Undervalued". Seeking Alpha. February 2, 2012. Retrieved February 11, 2012.