Are malls too cheap to ignore?

Brookfield’s $14.8 billion bid to buy the rest of GGP is fueling expectations that other operators of so-called class-A malls are becoming acquisition targets

By Esther Fung | The Wall Street Journal

Mall operators are in the bargain bin, and some big-time investors are picking them over.

Brookfield Property Partners LP’s $14.8 billion proposal to acquire the shares of Chicago-based GGP Inc. GGP -0.52% that it doesn’t already own is fueling expectations that other operators of so-called class-A malls are becoming acquisition targets—or will face pressure from their investors to carve up their best assets for sale.

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