# Triple Five

Triple Five is a Private Equity based in Edmonton, Canada.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Edmonton, Canada
- **Region:** North America
- **Address:** Edmonton, Alberta, Canada
- **Founded:** 1965
- **Assets under management:** Undisclosed
- **Website:** www.triplefive.com
- **LinkedIn:** https://www.linkedin.com/company/triple-five-group
- **Wikidata:** Q1973689

## Regulatory record

- **Reports private funds:** No

## About

Triple Five Worldwide is a multinational diversified conglomerate, development and finance corporation with offices in major U.S., Canadian and global cities. It has developed, owns and operates the world's first, second and third largest tourism, retail and entertainment complexes of its kind, and employs over 5,000 professionals. Its projects include West Edmonton Mall, Mall of America and American Dream, which together attract over 112 million visitors annually.

## Sectors

- Real Estate
- Entertainment
- Luxury
- Infrastructure

## Questions

### What is Triple Five's relationship with Mall of America?

Triple Five acquired management control of Mall of America in 1999 and later consolidated full ownership in 2006. The Bloomington, Minnesota property remains the firm's highest-profile US asset, attracting over 40 million annual visitors and housing more than 500 stores alongside an indoor amusement park and aquarium. The firm uses the Mall of America brand as a licensing vehicle for affiliated projects in Asia.

### Does Triple Five develop properties from the ground up or acquire existing assets?

Triple Five pursues both greenfield development and acquisition, but its reputation rests on constructing massive experiential retail-entertainment complexes from the ground up — West Edmonton Mall (1981), American Dream (originally conceived as Xanadu and restarted by Triple Five), and various branded projects overseas. The firm also holds and operates existing mega-malls, with Mall of America representing its most significant acquisition. Development timelines frequently span decades due to the scale and complexity of the projects.

### Where does Triple Five's underlying capital come from?

The firm's capital base originates from the Ghermezian family's rug importing and real estate activities in Canada, augmented by leveraged financing, public subsidies, and project-specific partnerships. Triple Five has consistently accessed municipal and state-level incentives for its developments — notably tax increment financing and infrastructure grants for American Dream and West Edmonton Mall expansions. The firm does not publicly disclose an externally raised fund structure or outside limited partners.

### What is Triple Five's known posture on co-investments or partnerships?

Triple Five operates primarily through wholly or majority-owned project entities rather than pooled investment funds, limiting co-investment opportunities for external parties. The firm has historically partnered with government entities for infrastructure and incentive packages, and corporate partners for branded entertainment components, but core real estate ownership and operational control remain concentrated within the Ghermezian family.

## Related profiles

- [Trinity West Ventures](https://altss.com/profile/trinity-west-ventures)
- [Triple Impact Capital](https://altss.com/profile/triple-impact-capital)

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Last updated: 2026-08-11T15:08:22.057Z

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