CHICAGO–(BUSINESS WIRE)–General Growth Properties, Inc. (“GGP”) today announced that it has reached an agreement in principle with Brookfield Asset Management Inc., one of the world’s largest real estate investors and asset managers, to invest in a proposed recapitalization of GGP at a plan value of $15.00 per share and provide par plus accrued interest to unsecured creditors. Read more: General Growth Properties Announces $2.625 Billion Proposed Equity Commitment from Brookfield Asset Management Institutional Partners News Search – InstitutionalPartners.com
