Founder Disque Deane | ||
Corporate Property Investors was a privately held real estate investment company that, in 1982, wrote the largest mortgage to date on a New York office building. It was founded by Disque Deane.
Contents
General Motors Building
In January 1982, General Motors raised $500 million through the mortgage and eventual sale of its New York office building to CPI.
Shopping Malls
CPI was founded in 1971 and built a number of major urban shopping centers, including Lenox Square in Atlanta, the Burlington Mall in Massachusetts, and Roosevelt Field Mall in New York.
CPI was acquired by the Simon Property Group in 1998. At the time, CPI was the largest private equity real estate investment trust in the US. The General Motors Building was sold separately to Donald Trump and Conseco.
References
Corporate Property Investors Wikipedia(Text) CC BY-SA