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Loan Modification

: Mortgage Lender Implode-o-Meter

General Growth to Split in Two With Hedge Fund Help

By Implode-Explode Heavy Industries

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``Mall owner General Growth Properties said it would split itself in two with the help of hedge fund firms? investment as a way to restructure itself out of bankruptcy protection... As part of the restructuring, General Growth is getting $6.3 billion in capital commitments from Canadian property asset manager Brookfield Asset Management and hedge fund firms Fairholme Capital Management and Pershing Square Capital Management. ''

Full post as published by Mortgage Lender Implode-o-Meter on July 14, 2010 (boomark / email).

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