Wednesday January 8th, 2014 - 10:02AM
NEW YORK—Mall Properties, Inc., a private owner, developer and operator of commercial real estate, including hotels, changed its name to Olshan Properties.
Founded in 1959 by Mort Olshan, the family-run real estate enterprise owns and/or operates a portfolio that encompasses 11 million sq. ft. of retail properties, 19,000 multifamily units, 865 hotel rooms and five million sq. ft. of office buildings.
Olshan Properties is the owner and manager of: Hilton Marco Island Resort and Spa, Marco Island, FL; Courtyard Columbus at Easton (PA); Hilton Columbus at Easton (PA); Residence Inn Columbus at Easton (PA); and the Sheraton Suites Galleria, Atlanta, GA.
The company intends to continue expanding and diversifying its portfolio through strategic acquisitions and developments across the country.
According to the company, the new name reflects that objective “while leveraging the strong reputation for creative, prudent, ethical and profitable investing that has been built over two generations of Olshan family leadership.”
Olshan Properties also serves as a general partner of the Longview and RCG Longview series of debt and equity funds, as well as Normandy Venture Partners, a series of opportunistic equity funds.
"As we grow our company by adding to our footprint throughout the country it is becoming clear that we needed a new name that expresses the diversity of our portfolio and of our capabilities," stated CEO Andrea Olshan. "Years of running our business with prudence and integrity have given us a superior market reputation, and we believe Olshan Properties communicates this and will resonate with all of our current and future private and institutional partners.”