General Growth Properties Appoints Sheli Z. Rosenberg to Board of Directors

Strategic Insights -

Sheli Z. Rosenberg, a renowned real estate expert and adjunct professor at Northwestern University's J.L. Kellogg Graduate School of Business, has joined General Growth Properties, Inc.'s (GGP) Board of Directors. Rosenberg brings with her extensive experience in real estate investment and management, having served as the president, chief executive officer, and vice chairwoman of Equity Group Investments, L.L.C. The addition of Rosenberg as an independent director brings the number of directors on GGP's Board to 10.

Rosenberg's impressive track record includes the structuring and management of six investment funds with assets totaling over $2 billion, acquisitions and dispositions of more than $10 billion in assets, and the initial public offerings of seven New York Stock Exchange companies. Prior to joining EGI, she was a managing partner of Schiff Hardin & Waite, specializing in real estate, finance, and corporate law.

Key Takeaways:

  • Sheli Z. Rosenberg has joined General Growth Properties, Inc.'s Board of Directors as an independent director, bringing the total number of directors to 10.
  • Rosenberg has extensive experience in real estate investment and management, having served as the president, chief executive officer, and vice chairwoman of Equity Group Investments, L.L.C.
  • She has managed six investment funds with assets totaling over $2 billion and has been involved in acquisitions and dispositions of more than $10 billion in assets.
  • Rosenberg has also served as a director on the boards of CVS Caremark Corporation, Nanosphere, Inc., Equity LifeStyle Properties, Inc., and Ventas, Inc.
  • The appointment of Rosenberg is expected to bring valuable insights and expertise to GGP as the company continues to position itself for a successful future.
  • Rosenberg has also been a trustee at Equity Residential, the largest publicly traded owner, operator, and developer of multi-family housing in the United States.

Statistics:

  • Sheli Z. Rosenberg has over 30 years of experience in real estate investment and management.
  • She has managed six investment funds with assets totaling over $2 billion.
  • GGP's portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide.
  • Rosenberg has been involved in acquisitions and dispositions of more than $10 billion in assets.
  • GGP currently has ownership interest in, or management responsibility for, more than 200 regional shopping malls in 43 states.

Sources:

  • General Growth Properties, Inc. (NYSE: GGP)
  • Biotech Week editors from staff and other reports, copyright 2010, Biotech Week via NewsRx.com