Below is a presentation from December 7th, 2009 by Pershing Square's Bill Ackman to the International Counsel of Shopping Centers (ICSC) on the current state of mall REITs. Suffice it to say, he's bullish across the board: GGP, Simon, Macerich.
As always, brought to you first by TILB. Please spread the good work. As you know, we are big Ackman fans and always have respect for his views. The man can produce Powerpoint like nobody's business.
ICSC Mall REIT Presentation 12-7-2009