MPI, Mall Properties, Inc., a private owner, developer and operator of commercial real estate, is embracing a new name — Olshan Properties.
Founded in 1959 by Mort Olshan, the 55-year-old family-run enterprise owns and/or operates a portfolio that encompasses 11 million square feet 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 diversifying its portfolio through strategic acquisitions and developments across the country.
“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,” explained 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.
“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.”