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

Strategic Insights -

Sheli Z. Rosenberg, a highly experienced real estate professional with a strong background in finance and corporate law, has joined the Board of Directors at General Growth Properties, Inc. (NYSE: GGP). As part of her new role, she will serve on GGP's Capital Committee, bringing her expertise in structuring and managing investment funds, as well as her experience in acquisitions and dispositions. Rosenberg joins GGP's Board of Directors as an independent director, bringing the total number of directors to 10.

Key Takeaways:

  • Sheli Z. Rosenberg has joined the Board of Directors at General Growth Properties, Inc. (NYSE: GGP) as an independent director, bringing her vast real estate experience and broad business knowledge to the company.
  • Rosenberg will serve on GGP's Capital Committee, providing her expertise in structuring and managing investment funds, as well as her experience in acquisitions and dispositions.
  • She is the former president, chief executive officer, and vice chairwoman of Equity Group Investments, L.L.C., a privately held real estate investment firm, and has been an adjunct professor at Northwestern University's J.L. Kellogg Graduate School of Business since 2003.
  • Rosenberg's career has spanned over four decades, during which she has been instrumental in the structuring and management of six investment funds with assets totaling more than $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.
  • Rosenberg is also a trustee at Equity Residential, the largest publicly traded owner, operator, and developer of multi-family housing in the United States.

Statistics:

  • Over the course of her 40-year career, Sheli Z. Rosenberg has been instrumental in managing investment funds with assets totaling more than $2 billion.
  • Rosenberg has led the acquisitions and dispositions of more than $10 billion in assets throughout her career.
  • GGP currently has ownership interest in, or management responsibility for, more than 200 regional shopping malls in 43 states, as well as ownership in planned community developments and commercial office buildings.
  • The Company's portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide.
  • GGP's common stock is traded on the New York Stock Exchange under the symbol GGP.

Sources:

  • General Growth Properties, Inc. press release (No specific date, but likely issued in 2003) announcing Rosenberg's appointment to the Board of Directors.
  • Rosenberg's biography on the Northwestern University School of Law website.
  • GGP's website, under the "About GGP" section.
  • Equity Group Investments, L.L.C. website, under the "Leadership" section.