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Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

March 30, 2018 Bisnow

Experts Say Brookfield's Lowball Offer

For GGP Could Spark A Bidding War

Brookfield Property Partners deal to acquire the remaining 66% of GGP for $9.25B in cash, after the company rejected a lower offer, has sparked controversy and led some experts to predict a potential bidding war. Bullish real estate investor and Seeking Alpha Contributor Julian Lin said the controversy could lead GGP rival Simon Property Group to put in a bid.

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