The company was purchased by the Ontario Teachers' Pension Plan in March 2000. In 2006, it expanded its operations to Brazil by buying 46 percent of Multiplan Emprendimentos Imobiliarios SA, a Brazilian shopping center manager worth more than $1 billion.
The company was acquired by the Ontario Teachers' Pension Plan in March 2000 and then expanded its operations to Brazil in 2006 by acquiring a controlling stake in Multiplan Emprendimentos Imobiliarios SA, a Brazilian shopping center management firm worth over $1 billion.