Mall Properties (MPI) changes name to Olshan Properties

MPI, Mall Properties, Inc., a leading private owner, developer and operator of commercial real estate, is embracing a new name - Olshan Properties. Founded in 1959 by Mort Olshan, the 55 yea -old family-run real estate enterprise owns and/or operates a portfolio that encompasses 11 million s/f of retail properties, 19,000 multifamily units, 865 hotel rooms and five million square feet of office buildings. Going forward, the company intends to continue expanding and further diversifying its portfolio through strategic acquisitions and developments across the country. 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. The new name also unites over 1,000 employees working across the firm's hotel, retail, residential and office properties under one corporate standard. The company has amassed a portfolio covering 11 states that includes properties such as the Parkchester residential complex in New York City, the Hilton Marco Island Beach Resort and Spa in Florida, The Akers Mill Square shopping center in Atlanta, and 575 Lexington Ave. in midtown Manhattan. It acts as 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," said 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." Olshan said, "As we begin 2014, our entire team, and our board are very excited to further advance our core mission of building value together under one brand."