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Strategies & Market Trends : General Growth Properties (GGP)
GGP 22.060.0%Aug 28 5:00 PM EST

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To: Philip H. Lee who wrote ()9/25/1996 11:06:00 AM
From: Joan Osland Graffius   of 15
 
Hi Philip, some time ago I bought Mills Corporation (MLS) and the stock has gone no where. They are also a shopping mall REIT. I have been getting an excellent return, but no appreciation in asset value. They have been agressively building malls that are value orientated with an entertainment approach. I don't know what the future will bring, but Merrill Lynch keeps telling me to hold.

Joan
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