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A self-administered and self-managed real estate investment trust whose business is focused in two main areas: Master Planned Communities and Retail and Other.
While GGP runs some great retail properties, retailing values in general are on a long term secular decline owing to a shift to online retailers such as Amazon. So, GGP properties may do okay, but rents they can charge will lag to keep competitive. This will mute future / long term stock appreciation.
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