Taubman Centers Company Description
Taubman's favorite seasonal activity must be holiday shopping. The real estate investment trust (REIT), through its majority-owned operating partnership, acquires, owns, and develops shopping malls. Taubman owns more than 20 properties (mostly super-regional malls with more than 800,000 sq. ft. each) in about 10 states. Its largest tenants include Limited Brands, The Gap, and Forever 21 (though none account for more than 10% of rental revenue). Taubman's Asia/Pacific division in Hong Kong develops malls with local partners. Founder and former chairman Alfred Taubman (of Sotheby's fame) and his family control about one-third of the REIT.
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The Company Description provides a historical perspective of Taubman Centers's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Taubman Centers's evolution in the marketplace.
