CHICAGO, Nov. 28, 2011 /PRNewswire/ -- General Growth
Properties, Inc. (NYSE: GGP) ("GGP") announced today the
appointment of Michael B. Berman as
its new executive vice president and chief financial officer,
effective December 15, 2011.
Mr. Berman replaces Steve
Douglas, who will return to Brookfield Asset Management
after his tenure with GGP and assume a role with Brookfield.
Mr. Douglas will remain with GGP until December 31, 2011 to assist with the
transition.
Sandeep Mathrani, GGP's chief
executive officer commented, "We thank Steve for his dedication and
tenacity in achieving a stable financial and reporting platform
from which GGP can prosper. We wish him much success."
Mr. Mathrani added, "The Company is pleased to attract the
caliber of Mr. Berman to the GGP team. Mr. Berman's broad
financial and accounting experience in the real estate sector will
be a valuable asset to the Company."
Mr. Berman until recently had been executive vice president of
Equity LifeStyle Properties, Inc. (NYSE: ELS) and a member of the
company's management committee. Mr. Berman had been chief
financial officer and treasurer of Equity LifeStyle Properties,
Inc. since September 2003 and also
served as its principal accounting officer. In 2003, Mr.
Berman was an associate professor at the New
York University Real Estate Institute. Mr. Berman was
a managing director in the investment banking department at Merrill
Lynch & Co. from 1997 to 2002. Mr. Berman holds a
master's of business administration from Columbia University Graduate School of Business; a
law degree from Boston University
School of Law; and a bachelor's degree from Binghamton University
in New York. Mr. Berman is a
director of Lotsa Helping Hands, a private provider of social
networking web-based tools for caregiving and volunteer
coordination. Mr. Berman is a member of the Columbia Business
School Real Estate Advisory Board.
ABOUT GGP
GGP is the second-largest shopping center owner. GGP has
ownership and management interest in 167 regional and super
regional shopping malls in 42 states. The company portfolio
totals 169 million square feet of space. A publicly-traded
real estate investment trust (REIT), GGP is listed on the New York
Stock Exchange under the symbol GGP.
CONTACT: David Keating, vice
president of corporate communications, (312) 960-6325,
david.keating@ggp.com
SOURCE General Growth Properties