Rouse Properties

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Defunct real estate company from New York City

title: "Rouse Properties" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["2011-establishments-in-new-york-city", "2016-mergers-and-acquisitions", "real-estate-companies-established-in-2011", "defunct-real-estate-companies-of-the-united-states", "rouse-family", "real-estate-companies-disestablished-in-2018", "2018-disestablishments-in-ontario"] description: "Defunct real estate company from New York City" topic_path: "geography/united-states" source: "https://en.wikipedia.org/wiki/Rouse_Properties" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Defunct real estate company from New York City ::

::data[format=table title="Infobox company"]

FieldValue
nameRouse Properties
logo_size200px
typeSubsidiary
industryReal estate investment trust
productsShopping malls
parentGeneral Growth Properties (2011-2016)
Brookfield Asset Management (2016-present)
fateAcquired by Brookfield Asset Management
successorsBrookfield Properties
GGP Inc. (as of 2026)
foundation
defunct(corporation)
(brand)
locationNew York City
::

| name = Rouse Properties | logo = | logo_size = 200px | type = Subsidiary | industry = Real estate investment trust | products = Shopping malls | parent = General Growth Properties (2011-2016) Brookfield Asset Management (2016-present) | fate = Acquired by Brookfield Asset Management | successors = Brookfield Properties GGP Inc. (as of 2026) | foundation = | defunct = (corporation) (brand) | location = New York City Rouse Properties was a real estate investment trust headquartered in New York City. The company owned 35 shopping malls in 22 states encompassing approximately 24.5 million square feet of retail space.

History

In 2011, General Growth Properties announced that it would spin off a portfolio of 30 underperforming, "Class-B" shopping malls as a new company named Rouse Properties. The name was taken from The Rouse Company, which GGP had acquired in 2004. However, Rouse Properties is not a direct successor to The Rouse Company, as Rouse Properties acquired 30 underperforming, "Class-B" properties at its foundation. The spin-off was completed on January 12, 2012.

In February 2012, the company acquired Grand Traverse Mall for $66 million.

In January 2013, the company acquired The Mall at Turtle Creek in Jonesboro, Arkansas for $96 million.

In May 2014, the company began a $40 million renovation of NewPark Mall in Newark, California.

In March 2015, the company defaulted a loan secured by Vista Ridge Mall in Lewisville, Texas.

In November 2015, the company acquired The Shoppes at Carlsbad in Carlsbad, California.

In 2016, Brookfield Asset Management, which owned 33% of Rouse Properties, made an unsolicited offer to purchase the rest of the company. A purchase agreement was eventually reached, valuing the company at $2.8 billion. Brookfield's acquisition of Rouse Properties was completed on July 6, 2016.

In 2018, Brookfield also acquired GGP. Ultimately the Rouse Properties brand was absorbed into Brookfield Properties, and GGP was rebranded as Brookfield Properties Retail Group until January 2026 when Brookfield Corporation rebranded it back to the GGP name.

Properties

References

References

  1. Urbanski, Al. (January 6, 2026). "GGP lives again!".
  2. Toth, Sara. (August 3, 2011). "GGP to transfer 30 malls to new Rouse Properties, Inc.". Baltimore Sun.
  3. Clabaugh, Jeff. (August 2, 2011). "General Growth to bring back Rouse name with new spin off". Baltimore Business Journal.
  4. (December 20, 2011). "Information Statement". Rouse Properties.
  5. Greta Weiderman. (January 4, 2012). "General Growth to spin off weak malls". St. Louis Business Journal.
  6. Lipp, Linda. (January 20, 2012). "Mall owner spins off 30 properties, retains Glenbrook Square". Greater Fort Wayne Business Weekly.
  7. Martinez, Shandra. (February 27, 2012). "General Growth Properties' spin-off company buys Grand Traverse Mall for $66 million". [[Advance Publications]].
  8. (January 3, 2013). "Jonesboro's Turtle Creek Mall sells for $96M".
  9. Carlisle, Candace. (March 18, 2015). "Vista Ridge Mall owner looks to walk away and list it for foreclosure". [[American City Business Journals]].
  10. Molnar, Phillip. (November 12, 2015). "Westfield Carlsbad purchased for $170 million". [[San Diego Union Tribune]].
  11. Dummett, Ben. (January 19, 2016). "Brookfield Asset Management offers all cash for Rouse Properties". Wall Street Journal.
  12. (January 20, 2016). "Brookfield makes a $957m move on Rouse Properties in the US". Australian Financial Review.
  13. (February 25, 2016). "Rouse Properties agrees to sweetened Brookfield offer". Reuters.
  14. (July 7, 2016). "Mall's parent company merges with Brookfield in $2.8 billion deal". Times Record News.
  15. (July 6, 2016). "Rouse Properties, Inc. Debuts as Publicly Traded Regional Mall REIT". [[Business Wire]].
  16. (August 28, 2018). "Brookfield Property Partners L.P. Completes Acquisition of GGP Inc.". [[GlobeNewswire]].

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

2011-establishments-in-new-york-city2016-mergers-and-acquisitionsreal-estate-companies-established-in-2011defunct-real-estate-companies-of-the-united-statesrouse-familyreal-estate-companies-disestablished-in-20182018-disestablishments-in-ontario