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General Growth Properties (GGP) files a standalone bankruptcy-exit plan that relies on $6.55B of...

Apr. 01, 2010 7:23 AM ETBrookfield Property REIT Inc. (BPYU) StockSPG, BN, BPYUBy: Rachael Granby, SA News Editor
General Growth Properties (GGP) files a standalone bankruptcy-exit plan that relies on $6.55B of funding from Brookfield Asset Management (NYSE:BAM) and others, but also lays out a two-round bidding process for firms like Simon Property Group (NYSE:SPG) to submit initial bids by April 19. GGP plans to exit bankruptcy by Sept. 30.

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