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Investing - Brookfield Asset Management

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Rouse Properties’ Spin-Off<br />

• Different operating, capital and geographic focus than the GGP Malls’ portfolio<br />

• Properties will benefit from a dedicated management team focused exclusively on<br />

executing specialized asset management strategies that differ from the GGP Malls’<br />

portfolio<br />

• Key GGP metrics post-divestiture<br />

Tenant Sales per square foot<br />

Occupancy<br />

Core NOI Growth<br />

Debt<br />

(Based on historical i results through h June 30, 2011 or as of June 30, 2011)<br />

Resulting in potentially improved public market valuation metrics for GGP<br />

79<br />

| <strong>Brookfield</strong> <strong>Asset</strong> <strong>Management</strong> Inc.

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