General Growth Properties Down Sharply Since Reuters Report

General Growth Properties, Inc GGP shares have done nothing but sell off since the report out of Reuters that the company would spin 35 of its non-core properties off into a real estate investment trust. At last check, shares were off 23 cents to $16.27, after having hit a high of $16.80. Other real estate investment trust companies, such as Simon Property Group SPG, Vornado Realty Trust VNO and Macerich MAC are higher today.