General Growth may turn over 13 properties

Posted June 3, 2010 at 2:56 p.m.

From Bloomberg | Chicago-based mall operator General Growth Properties said Thursday that i has identified 13 “underperforming” retail properties that may be turned over to lenders after the company emerges from bankruptcy. The company has until two days after it exits bankruptcy to decide whether the properties should be deeded to lenders or the loans should be modified.

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