GDC has sights set on 14 shopping centers.GDC GDC Game Developers Conference GDC General Dental Council GDC Gouvernement du Canada GDC Georgia Department of Corrections GDC Global Data Center GDC Guglielmi Detachable Coil GDC Global Development Center GDC Institute for Genetic Disease Control in Animals Properties Incorporated, the investment arm of the Ginsburg Development Corp., plans to increase its ownership of shopping centers from six properties to 20 over the next 18 months, announces Samuel Ginsburg, chairman. GDC Properties will expand its position as a commercial property owner by acquiring $500 million worth of shopping centers in the New York Metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. area, Atlanta and central and southern Florida in the near future. Concurrently, the firm plans to divest more than $300 million in apartment assets by bringing several award-winning apartment rental communities to local developers active in condominium conversion. "For over 40 years, GDC has focused on building and acquiring properties of the highest quality design and construction," says Mr. Ginsburg. "Largely as a result of their superior quality, our apartments are now valued more highly as condominium conversions than as rentals. While we still intend to remain active in residential real estate, we are taking advantage of today's cap rate arbitrage and allocating capital out of apartments and into commercial property." GDC Properties Incorporated recently received a "Pillars" of the Industry" award from the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than (NAHB NAHB National Association of Home Builders NAHB National Academy of Health and Business (Canada) ), one of the industry's highest honors, for its Mirasol apartment community in Celebration, Florida Celebration, Florida is a census-designated place and an unincorporated master-planned community in Osceola County in the U.S. state of Florida, near Walt Disney World Resort. It was developed by The Walt Disney Company. . GDC Properties' other recent work includes the 193-unit Alaqua condominium, currently under construction in Aventura, Florida Aventura is a city located in northeastern Miami-Dade County, Florida. The city name is from the Spanish word for "adventure," and was named "Aventura" because that was the name of the original group of condominium developments in the area. , and two 38-story high-rise properties, which are slated to break ground in Orlando later this year. While GDC will dramatically increase its investment in shopping centers by a half billion dollars, it will maintain approximately half of its residential assets. GDC Properties Incorporated is an integrated investment, development and property management firm based in Westchester County, NY. It is the investment arm of Ginsburg Development Corp. ("GDC"), which has a 40-year track record of successful investment and development activity in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Connecticut, Florida, Tennessee and Georgia. The principals and founders of GDC, Martin and Samuel Ginsburg, are both architects. |
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