Green Street Advisors Inc analyst Jim Sullivan said in an interview Tuesday that exchanging short term debt for longer term debt could help position Simon to make a bid for bankrupt mall owner General Growth Properties Inc "By eliminating a big chunk of their near term maturities, it gives them more flexibility in how they structure a bid," Mr Sullivan said 
Share:  <span class="sent">Green Street Advisors Inc analyst <span class="analyst">Jim Sullivan</span> said in an interview Tuesday that exchanging short term debt for longer term debt could help position Simon to make a bid for bankrupt mall owner <span class="company">General Growth</span> Properties Inc "By eliminating a big chunk of their near term maturities, it gives them more flexibility in how they structure a bid," Mr Sullivan said</span> Tweet this 

Simon didn't return calls seeking comment Earlier this month, Simon offered to buy back up to $325 billion of its notes with due dates ranging from 2011 to 2013 Thus, its sale of notes on Tuesday amounts to replacing those notes it bought back with new, longer term debt Simon's tender offer expires at 5 pm Wednesday Green Street Advisors Inc analyst Jim Sullivan said in an interview Tuesday that exchanging short term debt for longer term debt could help position Simon to make a bid for bankrupt mall owner General Growth Properties Inc "By eliminating a big chunk of their near term maturities, it gives them more flexibility in how they structure a bid," Mr Sullivan said 
Share:  <span class="company">Simon</span> didn't return calls seeking comment Earlier this month, <span class="company">Simon</span> offered to buy back up to $325 billion of its notes with due dates ranging from 2011 to 2013 Thus, its sale of notes on Tuesday amounts to replacing those notes it bought back with new, longer term debt <span class="company">Simon</span>'s tender offer expires at 5 pm Wednesday<span class="sent"> Green Street Advisors Inc analyst <span class="analyst">Jim Sullivan</span> said in an interview Tuesday that exchanging short term debt for longer term debt could help position <span class="company">Simon</span> to make a bid for bankrupt mall owner General Growth Properties Inc "By eliminating a big chunk of their near term maturities, it gives them more flexibility in how they structure a bid," Mr Sullivan said</span>...<span class="sent">Green Street Advisors Inc analyst <span class="analyst">Jim Sullivan</span> said in an interview Tuesday that exchanging short term debt for longer term debt could help position <span class="company">Simon</span> to make a bid for bankrupt mall owner General Growth Properties Inc "By eliminating a big chunk of their near term maturities, it gives them more flexibility in how they structure a bid," Mr Sullivan said</span> It would "give the rating agencies comfort that if [<span class="company">Simon</span>] were to buy GGP, it wouldn't put their Tweet this 

Vornado Realty Trust said this week it would resume paying its dividend fully in cash after a year of issuing it partially in stock "I do see the strongest companies perhaps increasing their dividends," said James Sullivan, an analyst with Green Street Advisors, a Newport Beach, California based real estate research company "They're going to have to be very careful about forging forward too soon and forging too far paying out more than they really can afford to" Dividend payments are the biggest draw for REIT investors, said Chris Henderson, a senior analyst at SNL Financial in Charlottesville, Virginia 
Share:  <span class="company">Vornado Realty Trust</span> said this week it would resume paying its dividend fully in cash after a year of issuing it partially in stock<span class="sent"> "I do see the strongest companies perhaps increasing their dividends," said <span class="analyst">James Sullivan</span>, an analyst with Green Street Advisors, a Newport Beach, California based real estate research company</span> "They're going to have to be very careful about forging forward too soon and forging too far paying out more than they really can afford to" Dividend payments are the biggest draw for REIT investors, said Chris Henderson, a senior analyst at SNL Financial in Charlottesville, Virginia Tweet this 

more aggressive than I would use, but still within a reasonable range," said James Sullivan, an analyst with Newport Beach, California based real estate research company Green Street Advisors Pershing's 54 page presentation, entitled "A Detailed Response to Hovde's Short Thesis on General Growth Properties," was prepared in response to a Dec 14 report by Hovde Capital Advisors LLC that said General Growth shares are overvalued 
Share:  <span class="sent">more aggressive than I would use, but still within a reasonable range," said <span class="analyst">James Sullivan</span>, an analyst with Newport Beach, California based real estate research company Green Street Advisors</span> Pershing's 54 page presentation, entitled "A Detailed Response to Hovde's Short Thesis on <span class="company">General Growth Properties</span>," was prepared in response to a Dec 14 report by Hovde Capital Advisors LLC that said General Growth shares are overvalued Tweet this 

The company can't repay unsecured creditors without selling off its best assets, a step General Growth is unwilling to take, says Jim Sullivan, an analyst at Newport Beach, Calif based Green Street Advisors Inc Instead, "the stage is set for an epic bidding battle for the company," says Mr Sullivan, who figures there is an 80% chance General Growth will be sold "It's a grand prize" Meanwhile, Westlaw Business has posted a lengthy piece looking at implications of General Growth's bankruptcy that are not often discussed 
Share:  <span class="sent">The company can't repay unsecured creditors without selling off its best assets, a step <span class="company">General Growth</span> is unwilling to take, says <span class="analyst">Jim Sullivan</span>, an analyst at Newport Beach, Calif based Green Street Advisors Inc</span> Instead, "the stage is set for an epic bidding battle for the company," says Mr Sullivan, who figures there is an 80% chance <span class="company">General Growth</span> will be sold "It's a grand prize" Meanwhile, Westlaw Business has posted a lengthy piece looking at implications of <span class="company">General Growth</span>'s bankruptcy that are not often discussed...<span class="sent">The company can't repay unsecured creditors without selling off its best assets, a step <span class="company">General Growth</span> is unwilling to take, says <span class="analyst">Jim Sullivan</span>, an analyst at Newport Beach, Calif based Green Street Advisors Inc</span> Instead, "the stage is set for an epic bidding battle for the company," says Mr Sullivan, who figures there is an 80% chance <span class="company">General Growth</span> will be sold "It's a grand prize" Meanwhile, Westlaw Business has posted a lengthy piece looking at implications of <span class="company">General Growth</span>'s bankruptcy that are not often discussed It's a bit technical, but not overly so Tweet this 

"This is a once in a generation opportunity to buy a large, high quality mall portfolio in the US," said Jim Sullivan, an analyst with Green Street Advisors Inc… …Both Brookfield and Simon have strong balance sheets and are highly motivated Simon has raised $4 billion this year by selling stock and bonds and has more than $3 billion in undrawn money in its credit lines Buying General Growth would make it by far the dominant player in the US mall industry with more than 500 properties, giving it enormous clout over retailers in lease negotiations Brookfield, whose most prominent properties include World Financial Center in downtown Manhattan and Brookfield Place office complex in Toronto, has been trying to break into US retail for years 
Share:  <span class="sent">"This is a once in a generation opportunity to buy a large, high quality mall portfolio in the US," said <span class="analyst">Jim Sullivan</span>, an analyst with Green Street Advisors Inc…</span> …Both Brookfield and <span class="company">Simon</span> have strong balance sheets and are highly motivated <span class="company">Simon</span> has raised $4 billion this year by selling stock and bonds and has more than $3 billion in undrawn money in its credit lines Buying General Growth would make it by far the dominant player in the US mall industry with more than 500 properties, giving it enormous clout over retailers in lease negotiations Brookfield, whose most prominent properties include World Financial Center in downtown Manhattan and Brookfield Place office complex in Toronto, has been trying to break into US retail for years Tweet this 

"This is a once in a generation opportunity to buy a large, high quality mall portfolio in the US," said Jim Sullivan , an analyst with Green Street Advisors Inc… …Both Brookfield and Simon have strong balance sheets and are highly motivated Simon has raised $4 billion this year by selling stock and bonds and has more than $3 billion in undrawn money in its credit lines Buying General Growth would make it by far the dominant player in the US mall industry with more than 500 properties, giving it enormous clout over retailers in lease negotiations Brookfield, whose most prominent properties include World Financial Center in downtown Manhattan and Brookfield Place office complex in Toronto, has been trying to break into US retail for years 
Share:  <span class="sent">"This is a once in a generation opportunity to buy a large, high quality mall portfolio in the US," said <span class="analyst">Jim Sullivan</span> , an analyst with Green Street Advisors Inc…</span> …Both Brookfield and <span class="company">Simon</span> have strong balance sheets and are highly motivated <span class="company">Simon</span> has raised $4 billion this year by selling stock and bonds and has more than $3 billion in undrawn money in its credit lines Buying General Growth would make it by far the dominant player in the US mall industry with more than 500 properties, giving it enormous clout over retailers in lease negotiations Brookfield, whose most prominent properties include World Financial Center in downtown Manhattan and Brookfield Place office complex in Toronto, has been trying to break into US retail for years Tweet this 

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.  
Share:  <span class="sent">Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), <span class="company">Macerich</span> Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director <span class="analyst">Jim Sullivan</span>. </span> Tweet this 

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.  
Share:  <span class="sent">Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), <span class="company">CBL</span> & Associates Properties Inc ( <span class="company">CBL</span>.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director <span class="analyst">Jim Sullivan</span>. </span> Tweet this 

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.  
Share:  <span class="sent">Companies such as <span class="company">Westfield Group</span> ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director <span class="analyst">Jim Sullivan</span>. </span> Tweet this