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In November 1999, the mall was acquired by a new group of real estate investors who planned to turn it into "entertainment" hub in order to differentiate it from North East Mall's fashion focus. Plans included a Cinemark Theatre , an Olympic-sized ice rink, a 200-foot fountain, a man-made 3-acre lake, and indoor mobile transportation.
In 1990, the company acquired the assets of U.S. Shelter Corp, which managed 55,000 apartments. After the acquisition, Insignia owned or operated about $1.5 billion in real estate assets in 32 states. [5] In October 1993, the company became a public company via an initial public offering led by Lehman Brothers. [6]
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in shopping centers containing upscale outlet stores in the United States and Canada. As of November 2023, the company owns and manages 36 outlet centers across the US and Canada comprising 14.0 million square feet and more than 3,000 stores. [2]
Rouse Properties was a real estate investment trust headquartered in New York City. The company owned 35 shopping malls in 22 states encompassing approximately 24.5 million square feet of retail space.
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties [3] as of 2021.
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