WHO: General Growth Properties Inc. is a Chicago-based real estate investment trust, with more than 180 malls.
WHAT HAPPENED: The company filed a reorganization plan in its Chapter 11 bankruptcy on Tuesday. It plans to split into two companies and exit bankruptcy in October.
WHY YOU CARE: General Growth owns six Minnesota malls: Ridgedale in Minnetonka, Knollwood Mall in St. Louis Park, Apache Mall in Rochester, Eden Prairie Center, River Hills Mall in Mankato and Crossroads Center in St. Cloud.
