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Property Management
Rouse Properties Inc. was a publicly traded real estate investment trust (REIT) that focused on the ownership, management, and development of regional shopping centers in the United States. The company's stock symbol was RSE and it was listed on the New York Stock Exchange.
In terms of financials, Rouse Properties reported revenue of $455.5 million in 2016, up from $440.8 million in 2015. However, the company's net loss widened to $43.1 million in 2016, compared to a net loss of $25.6 million in 2015.
In terms of growth, Rouse Properties had a portfolio of 35 regional shopping centers in 21 states as of December 31, 2016, with a total of approximately 24.5 million square feet of gross leasable area. The company's strategy was to focus on acquiring and redeveloping high-quality regional shopping centers in markets with strong demographics and growth potential.
However, it is important to note that Rouse Properties is no longer a publicly traded company. In August 2017, Brookfield Property Partners, a prominent real estate company, acquired Rouse Properties in a deal valued at approximately $2.8 billion. As a result, Rouse Properties' stock is no longer available for trading on the NYSE.