GGP Reviewing Strategic Options

General Growth Properties Inc., a Chicago-based real estate investment trust, has announced that the company is reviewing its financial and strategic options to align the value of its common stock more closely with that of its real estate portfolio. The REIT said it expects to be able to offer long-term fixed-rate portfolio mortgage financing to lenders by late November, and will "actively pursue several sources of financing for the company's near-term maturing obligations" in the interim. The options under review for generating capital include asset sales, the sale of joint venture or preferred equity in selected assets, a capital infusion, and strategic business combinations, the company said. The REIT can be found on the Web at http://www.ggp.com.