In its recent year-end financial report, General Growth Properties reported that occupancy at Regency Square dropped to 37.9 percent from 43.8 percent at the end of the third quarter and 60.1 percent at the end of 2012.

General Growth continued to say that Regency Square has been “transferred to the special servicer,” which has been handling the property, without giving more details. The mall has not been listed on the GGP.com website for some time.

Namdar Realty Group is a privately held commercial real estate investment and management firm that says on its namdarrealtygroup.com that it owns more than 5 million square feet of commercial real estate in the United States and continues “to grow at an unprecedented pace.”