Shares of France's Unibail, says Corl, trade at a 16% discount to its real estate value.
FORBES: Old Europe's Realty Riches
2.
Investor concerns that Unibail will mismanage malls outside of France are just "a lot of cross-border prejudice, " says Corl.
FORBES: Old Europe's Realty Riches
3.
Aside from the economic growth story, limited acquisition opportunities in the U.S. put Simon at a disadvantage relative to other large international mall REITs such as Australian property operator Westfield Group and France-based Unibail-Rodamco, which are focused on creating value through renewal of property.