Sandeep Mathrani

GGP s Sandeep Mathrani buys 860 Fifth pad for $3.8M Retail REIT’s CEO collected a $39M salary last year

General Growth Properties CEO Sandeep Mathrani and 860 Fifth Avenue

After raking in a $39 million salary last year, General Growth Properties CEO Sandeep Mathrani picked up a Lenox Hill co-op on Fifth Avenue, according to property records filed with the city Thursday.

The head of the Chicago-based real estate investment trust shelled out $3.8 million for a two-bedroom unit at the white-glove co-op building at 860 Fifth Avenue. He bought the apartment from longtime owner and philanthropist J上海贵族宝贝论坛

eanette Lerman-Neubauer, records show.

The Lenox Hill apartment overlooks Central Park, and features a spa bathroom with a steam shower and a Japanese soaking tub, according to StreetEasy.

Shirley Harnick of Douglas Elliman was the listing agent.

Mathrani earned more than 爱上海同城对对碰

$39.2 millio上海贵族宝贝论坛

n last year, which makes him one of the highest paid REIT executives around. Earlier this year, at NYU s REIT Symposium, he warned a “mild recession” w上海贵族宝贝论坛

as coming, The Real Deal reported.

GGP recently won a bankruptcy auction for troubled retail chain Aeropostale with Simon Property Group and closed on the $81.5 million purchase of 218-220 West 57th Street with Thor Equities. A spokesperson上海同城对对碰交友社区

from GGP was not immediately available for comment.

Tags: general growth properties, Sandeep Mathrani
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