 In June 2011, the mall transferred ownership for the first time in its history.General Growth Properties, which emerged from Chapter 11 bankruptcy in April 2009 announced to its stockholders that the Chapel Hills Mall, one of its "underperforming malls," would be turned over to its lender if not sold by summer.A partnership between Coyote Management LP of Dallas and Garrison Investment Group of New York purchased the mall for $71.5 million, $40.7 less than General Growth Properties owed on the mall.