“We expect to generate approximately $300 million in FFO from OPI, that is for those of you like math is a 60% return on investment.”

In context

“ted another record in the third quarter of $749 per square foot for the malls and outlets, which was an increase of 14% year-over-year. Mills ended up at $677 per square foot, a 15% increase. TRG was $1,080 per foot, 25% increase. Our occupancy cost is at 12%, which is a level not seen since early 2015. We opened our 10th premium outlet in Japan and started construction on a significant expansion at Busan and South Korea. Our redevelopment pipeline is moving forward with more creative projects. Turning to our other platform investments. In the third quarter contributing $0.17 in FFO per share, as compared to $0.28 in the prior year period. After cash distributions received, we have approximately $475 million of net investment within our other platform investments primarily an ABG and RGG. We expect to generate approximately $300 million in FFO from OPI, that is for those of you like math is a 60% return on investment. We believe the value of our investments in OPI is over $2 billion. We've recently announced our strategic partnership with Jamestown, a global real estate investment and management firm. We see great opportunity with this investment to capitalize on the growing asset and investment management businesses. The Jamestown team, our experienced, mixed-use operators, developers, property managers and asset managers, we're pleased to expand our investment platform with this best-in-class operator and we expect to grow their asset management business and accelerate our densification opportunities. We anticipate this accretive transaction to close prior to the end of this year. Turning to the balance sheet. We completed the refinancing of 16 property mortgages during the first nine months of the y”