GGP (GGP) 8-K Regulation FD Disclosure

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
CASE NO. 09-11977 (Jointly Administered)
Reporting Period: August 31, 2010
Federal Tax I.D. # 42-1283895
CORPORATE MONTHLY OPERATING REPORT
FOR FILING ENTITIES ONLY

I declare under penalties of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

	GENERAL GROWTH PROPERTIES, INC.
Date: September 30, 2010	by:	/s/ Edmund Hoyt
		Edmund Hoyt
		Chief Accounting Officer

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

Debtors Monthly Operating Report as of and for the Month Ended August 31, 2010

Index
Combining Condensed Statements of Income (loss) and Comprehensive Income (loss) for the Month Ended August 31, 2010 and Cumulative Post-Petition Period Ended August 31, 2010	3
Combining Condensed Balance Sheet	4
Notes to Unaudited Combined Condensed Financial Statements	5
Note 1: Chapter 11 Cases and Proceedings	5
Note 2: Basis of Presentation	6
Note 3: Summary of Significant Accounting Policies	8
Note 4: Cash and Cash Equivalents and Amounts Applicable to Debtor First-Lien Holders	8
Note 5: Certain Other Assets and Liabilities and Liabilities Subject to Compromise	9
Note 6: Rejected Contracts and Related Matters	10
Note 7: General and Administrative Expenses and Reorganization Items	11
Schedules:
Schedule I Schedule of Combined Condensed Statement of Income (loss) and Comprehensive Income (loss) for the Month Ended August 31, 2010	12
Schedule II Schedule of Combined Condensed Balance Sheet as of August 31, 2010	13
Schedule III Schedule of Payroll and Payroll Taxes	14
Schedule IV Schedule of Federal, State and Local Taxes	14
Schedule V Schedule of Total Disbursements by Debtor	23
Schedule VI Schedule of Debtors’ Operating Property Aged Tenant Accounts Receivable	33
Schedule VII Status of Mortgages Payable For Debtors	34
Schedule VIII Chapter 11 Retained Professionals Detail	37
Schedule IX Schedule of Non-Noticed andDe MinimisAsset Sales	38
Schedule X Debtors Questionnaire	39

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

COMBINING CONDENSED
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)

	Unconfirmed Entities			Post-ConfirmationEntities			Total for All Debtors			Cumulative AllDebtors
	Month Ended			Month Ended			Month Ended			Post-Petition Period
	August 31, 2010			August 31, 2010			August 31, 2010			Ended August 31, 2010
				(In thousands, except for
				per share amounts)
Revenues:
Minimum rents	$	8,702		$	126,290		$	134,992		$	2,277,476
Tenant recoveries		2,472			60,257			62,729			1,022,169
Overage rents		128			3,008			3,136			58,542
Land and condominium sales		3,504			—			3,504			71,282
Management fees and other corporate revenues		951			—			951			13,871
Other		505			4,648			5,153			90,110
Total revenues		16,262			194,203			210,465			3,533,450
Expenses:
Real estate taxes		1,143			18,397			19,540			327,669
Property maintenance costs		745			7,104			7,849			139,147
Marketing		139			3,122			3,261			40,696
Ground and other rents		294			800			1,094			19,407
Other property operating costs		4,885			35,902			40,787			594,222
Land and condominium sales operations		3,092			—			3,092			141,735
Provision for doubtful accounts		395			1,068			1,463			30,876
Property management and other costs		762			8,113			8,875			135,493
General and administrative		2,216			—			2,216			67,112
Provisions for impairment		91			—			91			830,420
Depreciation and amortization		3,448			45,439			48,887			821,994
Total expenses		17,210			119,945			137,155			3,148,771
Operating (loss) income		(948	)		74,258			73,310			384,679
Interest (expense) income, net		(23,659	)		(68,700	)		(92,359	)		(1,578,753	)
Income (loss) before income taxes, noncontrolling interests, equity in income of Real Estate Affiliates and reorganization items		(24,607	)		5,558			(19,049	)		(1,194,074	)
Benefit (provision) from income taxes		199			(179	)		20			(22,126	)
Equity in income of Real Estate Affiliates		9,102			—			9,102			130,349
Reorganization items		(30,022	)		130			(29,892	)		95,889
Net (loss) income		(45,317	)		5,509			(39,808	)		(989,951	)
Allocation to noncontrolling interests		(509	)		—			(509	)		5,035
Net (loss) income attributable to common stockholders	$	(45,826	)	$	5,509		$	(40,317	)	$	(984,916	)
Basic and Diluted (Loss) Income Per Share:	$	(0.14	)	$	0.02		$	(0.12	)	$	(3.13	)
Dividends declared per share	$	—		$	—		$	—		$	0.19
Comprehensive (Loss) Income, Net:
Net (loss) income attributable to common stockholders	$	(45,826	)	$	5,509		$	(40,317	)	$	(984,916	)
Other comprehensive (loss) income, net:
Unrealized gains, net of unrealized losses, on financial instruments		(1,586	)		—			(1,586	)		22,603
Accrued pension adjustment		(101	)		—			(101	)		813
Foreign currency translation		695			—			695			46,091
Unrealized gains on available-for-sale securities		—			—			—			83
Other comprehensive (loss) income, net		(992	)		—			(992	)		69,590
Comprehensive (loss) income attributable to common stockholders	$	(46,818	)	$	5,509		$	(41,309	)	$	(915,326	)

The accompanying notes are an integral part of these combined condensed financial statements.

3

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

COMBINING CONDENSED
BALANCE SHEET
(UNAUDITED)

	Unconfirmed			Post-Confirmation			Combined All
	Entities as of			Entities as of			Debtors as of
	August 31, 2010			August 31, 2010			August 31, 2010
				(Dollars in thousands)
Assets:
Investment in real estate:
Land	$	216,452		$	2,687,041		$	2,903,493
Buildings and equipment		1,073,134			17,826,907			18,900,041
Less accumulated depreciation		(277,165	)		(3,791,008	)		(4,068,173	)
Developments in progress		244,090			112,668			356,758
Net property and equipment		1,256,511			16,835,608			18,092,119
Investment in and loans to/from Unconsolidated Real Estate Affiliates		374,607			6,403			381,010
Investment property and property held for development and sale		1,329,984			—			1,329,984
Investment in controlled non-debtor entities		4,067,865			58,889			4,126,754
Net investment in real estate		7,028,967			16,900,900			23,929,867
Cash and cash equivalents		566,903			5,386			572,289
Accounts and notes receivable, net		20,894			288,739			309,633
Goodwill		199,664			—			199,664
Deferred expenses, net		25,570			169,563			195,133
Prepaid expenses and other assets		275,797			312,810			588,607
Total assets	$	8,117,795		$	17,677,398		$	25,795,193
Liabilities and Equity:
Mortgages, notes and loans payable	$	405,741		$	13,862,090		$	14,267,831
Investment in and loans to/from Unconsolidated Real Estate Affiliates		32,806			—			32,806
Deferred tax liabilities		831,438			—			831,438
Accounts payable and accrued expenses		658,856			461,758			1,120,614
Liabilities not subject to compromise		1,928,841			14,323,848			16,252,689
Liabilities subject to compromise		7,723,498			95,249			7,818,747
Total liabilities		9,652,339			14,419,097			24,071,436
Redeemable noncontrolling interests:
Preferred		120,756			—			120,756
Common		17,395			—			17,395
Total redeemable noncontrolling interests		138,151			—			138,151
Commitments and Contingencies		—			—			—
Preferred Stock: $100 par value; 5,000,000 shares authorized; none issued and outstanding		—			—			—
Equity:
Common stock: $.01 par value; 875,000,000 shares authorized, 381,842,071 shares issued as of August 31, 2010		3,188			—			3,188
Additional paid-in capital		4,460,972			(610,322	)		3,850,650
Retained earnings (accumulated deficit)		(6,082,005	)		3,868,611			(2,213,394	)
Accumulated other comprehensive income (loss)		4,756			12			4,768
Less common stock in treasury, at cost, 1,449,939 shares as of August 31, 2010		(76,752	)		—			(76,752	)
Total stockholder’s equity		(1,689,841	)		3,258,301			1,568,460
Noncontrolling interests in consolidated real estate affiliates		17,146			—			17,146
Total equity		(1,672,695	)		3,258,301			1,585,606
Total liabilities and equity	$	8,117,795		$	17,677,398		$	25,795,193

The accompanying notes are an integral part of these combined condensed financial statements.

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

NOTE 1 Chapter 11 Cases and Proceedings

As previously disclosed pursuant to the Monthly Operating Report filed on June 15, 2009, for the period ended April 30, 2009 (the “April 2009 MOR”), on April 16, 2009 (“the Petition Date”), General Growth Properties, Inc. (the “Company”), GGP Limited Partnership (“GGPLP”) and certain of the Company’s domestic subsidiaries (collectively, the “April 16 Debtors”) each filed voluntary petitions for relief pursuant to Chapter 11 (“Chapter 11”) of Title 11 of the United States Code (the “Bankruptcy Code”). On April 23, 2009, an additional 28 of the Company’s domestic subsidiaries (the “April 22 Debtors”) also filed voluntary petitions for Chapter 11 relief. The 388 Debtors’ cases (collectively, the “Chapter 11 Cases”) are pending in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) and are jointly administered. The April 16 Debtors and April 22 Debtors are collectively referred to in this report as the “Debtors”. As provided by the rules and regulations governing the Chapter 11 Cases, the Company, on behalf of the Debtors, has agreed to supply to the Bankruptcy Court a monthly report detailing the combined operations for the Debtors as of and for the previous month as well as cumulatively from the Petition Date. Such reports for each month are collectively referred to as the “Monthly Operating Reports”.

The Debtors own and operate approximately 166 regional shopping centers. A list of the Debtors and the properties affected by these Chapter 11 Cases (each an “Operating Property” and, collectively, the “Operating Properties”) is included as Annex A to the Monthly Operating Report filed on June 30, 2009 for the period ended May 31, 2009 (the “May 2009 MOR”). As many of the parties affected by, or interested in, the Chapter 11 Cases identify a Debtor by the Operating Property that it owns and/or manages, rather than by such Debtor’s legal name, where appropriate, the Company has reported information either on a by Debtor or on an Operating Property basis. For information regarding the Chapter 11 Cases preceding the filing of this monthly operating report, please see Note 1 of each of the respective previously filed Monthly Operating Reports.

Since the Petition Date, the Bankruptcy Court has granted various motions that allow the Company to continue to operate its business in the ordinary course without interruption; and covering, among other things, employee obligations and incentive compensation, critical service providers, tax matters, insurance matters, tenant and contractor obligations, claim settlements, ordinary course property sales, cash management, cash collateral, alternative dispute resolution, settlement of pre-petition mechanics liens and department store transactions.

On May 14, 2009, the Bankruptcy Court issued an order authorizing certain of the Debtors to enter into a Senior Secured Debtor in Possession Credit, Security and Guaranty Agreement among the Company, as co-borrower, GGP Limited Partnership, as co-borrower, certain of their subsidiaries, as guarantors, UBS AG, Stamford Branch, as agent, and the lenders party thereto (the “DIP Facility”). The DIP Facility closed on May 15, 2009, provided for an aggregate commitment of $400.0 million (the “DIP Term Loan”) and was used to repay $215.0 million of short-term secured debt and to provide additional liquidity to the Debtors during the pendency of their Chapter 11 Cases. The DIP Facility provided that principal outstanding on the DIP Term Loan bear interest at an annual rate equal to LIBOR (subject to a minimum LIBOR floor of 1.5%) plus 12%.

On July 23, 2010, pursuant to an authorizing order from the Bankruptcy Court, certain of the Debtors entered into new Senior Secured Debtor in Possession Credit, Security and Guaranty Agreement among the Company, as co-borrower, GGP Limited Partnership, as co-borrower, certain of their subsidiaries, as guarantors, Barclays Capital, as the sole arranger, Barclay and Bank, PLC, as the Administrative Agent and Collateral Agent and the lenders party thereto (the “New DIP Facility”). The New DIP Facility provides for an aggregate commitment of $400.0 million (the “New DIP Term Loan”), which was used to refinance the DIP Term Loan. The New DIP Facility provides that principal outstanding on the New DIP Term Loan bear interest at an annual rate equal to 5.5% and matures at the earlier of May 16, 2011 or the effective date of a plan of reorganization of the TopCo Debtors (as defined below).

Subject to certain conditions precedent, the Company has the right to elect to repay all or a portion of the outstanding principal amount of the New DIP Term Loan, plus accrued and unpaid interest thereon by

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

issuing common stock of the GGP (“New GGP”) at the date of GGP’s emergence from bankruptcy to the lenders (the “Equity Conversion”). Any Equity Conversion will be limited to the lenders’ receipt of New GGP common stock equaling no more than (1) 8.0% of the New GGP common stock distributed in connection with the Debtors’ plan of reorganization, on a fully-diluted basis, or (2) 9.9% of the New GGP common stock actually distributed in connection with the plan of reorganization on the effective date of such plan, without giving effect to common stock held back for the payment of contingencies. The New DIP Credit Agreement contains customary covenants, representations and warranties, and events of default. The Plan provides for the repayment of the New DIP Term Loan in full, including accrued interest.

Through August 31, 2010, of the total 388 Debtors with approximately $21.83 billion of debt that filed for Chapter 11 protection, 260 Debtors owning 145 properties with $14.79 billion of secured mortgage loans filed consensual plans of reorganization and emerged from bankruptcy (the “Emerged Debtors”). The effectiveness of the plan of reorganization and emergence from bankruptcy of two additional Debtors (owning one property with $95.0 million of debt) occurred on September 2, 2010. During the eight months ended August 31, 2010, 147 Debtors owning 95 properties with $10.13 billion of secured mortgage debt emerged from bankruptcy, while 113 Debtors owning 50 properties with $4.66 billion secured debt had emerged from bankruptcy as of December 31, 2009.

GGP, along with the other 125 Debtors still in bankruptcy (the “TopCo Debtors”), filed its plan of reorganization and accompanying disclosure statement (the “TopCo Plan”) on July 13, 2010. On August 19, 2010, the Bankruptcy Court approved the disclosure statement, as amended, contained in the TopCo Plan, and set October 21, 2010 as the date for a hearing regarding confirmation of such TopCo Plan.

NOTE 2 Basis of Presentation

The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements for Chapter 11 debtors as required by the Office of the United States Trustee (the “U.S. Trustee”) and the Bankruptcy Court. As a result, only relevant financial information for the Debtors has been included in the information presented in the Monthly Operating Report. Accordingly, a significant number of legal entities owned and controlled by GGP, and the related assets, liabilities and operating results of such entities, have been excluded from this Monthly Operating Report as such entities are operating outside of the provisions of Chapter 11. The Debtors’ ownership interest in such excluded entities (the “Non-Debtors”) has been reflected as investment in controlled Non-Debtors at the Debtors’ ownership share (typically 100%). In addition, the applicable earnings/loss of such controlled Non-Debtor entities, along with the Debtors’ share of the applicable income/loss of Unconsolidated Real Estate Affiliates, has been included in the equity in income of Real Estate Affiliates. Further, in the Combined Condensed Statement of Income and Comprehensive Income, the operations for the Debtors are presented from each of their respective Petition Dates forward. As a result, the unaudited financial statements contained in this Monthly Operating Report are not and will not be consistent with the Company’s financial or registration statement filings submitted to the United States Securities and Exchange Commission (the “SEC”) for this or any previous or future period.

Until the TopCo Plan is confirmed, there will continue to be substantial doubts about the ability of the combined Debtors to continue as a going concern. The accompanying combined financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities of the Debtors in the normal course of business. In particular, as each of the Debtors was, or continues to be, operating as a debtor-in-possession under the provisions of Chapter 11, these combined condensed financial statements have been prepared in accordance with the specialized accounting guidance for entities in reorganization under the Bankruptcy Code. Accordingly, the Debtors’ combined financial statements do not reflect any adjustments related to the recoverability of assets and satisfaction of liabilities that might be necessary should they be unable to continue as a going concern. However, such specialized guidance provides that all pre-petition liabilities subject to compromise (“LSTC” — see Note 5) have been segregated from liabilities not subject to compromise in the combined balance sheet and have been classified as LSTC, at the estimated amount of allowed claims. Liabilities

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

not subject to compromise include: (1) liabilities held by Non-Debtor and Track 1 Debtor entities that have emerged from bankruptcy protection; (2) liabilities incurred after the Petition Date; (3) pre-Petition Date liabilities that the Track 1 Debtors and the remaining debtors expect to pay in full, even though certain of these amounts may not be paid until after the applicable Debtor’s plan of reorganization is effective; and (4) liabilities related to pre-petition contracts that affirmatively have not been rejected. Interest expense related to pre-petition LSTC has been reported only to the extent that it is (i) estimated to be paid during the pendency of the Chapter 11 Cases, (ii) permitted by the Bankruptcy Court, or (iii) expected to be an allowed claim and may be paid or settled for less than the amount reported. In addition, to the extent any interest expense is unpaid; such accrued amounts may be paid or settled, in full or partially, in the form of equity and/or cash or any combination thereof. Expenses, provisions for losses resulting from the reorganization and certain other items directly related to the Chapter 11 Cases are reported separately in our combined condensed statement of operations as reorganization items (Note 7).

Unsecured liabilities not subject to compromise as of August 31, 2010 with respect to the Emerged Debtors are reflected at the current estimate of the probable amounts to be paid. However, the amounts of such unsecured liabilities related to the associated liabilities not subject to compromise resolved or allowed by the Bankruptcy Court (and therefore paid at 100% pursuant to the plans of reorganization of the Emerged Debtors) has not yet been determined. In such regard, during February 2010, payments commenced on the Emerged Debtor claims, a process expected to continue for several months as the amounts to be allowed are confirmed by the Bankruptcy Court. With respect to secured liabilities, GAAP bankruptcy guidance provides that Emerged Debtor mortgage loans should be recorded at their estimated Fair Value upon emergence. A cumulative discount of approximately $319.0 million was recorded on such $10.05 billion of secured debt that emerged in the first and second quarters of 2010, with the resulting gain classified as a reorganization item. Additional gains are expected to be recorded in the remainder of 2010 with respect to loans and other debt related to the Debtors that have emerged or will emerge from bankruptcy in the remainder of 2010.

Of the Emerged Debtors, we have identified 13 properties (the “Special Consideration Properties”) as underperforming retail assets. Pursuant to the terms of the agreements with the lenders for these properties, the Debtors have until two days following emergence of the TopCo Debtors to determine whether the collateral property for these loans should be deeded to the respective lender or the property should be retained with further modified loan terms. Prior to emergence of the TopCo Debtors, all cash produced by the property is under the control of respective lenders and we are required to pay any operating expense shortfall. In addition, prior to emergence of the TopCo Debtors, the respective lender can change the manager of the property or put the property in receivership and GGP has the right to deed the property to the lender. Generally accepted accounting principles state that an entity may choose to elect the fair value option for an eligible item only on the date of the event that requires Fair Value measurement. As each of the Special Consideration Properties emerged from Bankruptcy, we elected to measure and report the mortgages related these properties at Fair Value from the date of emergence because the Debtor entities of the Special Consideration Properties have the right to return the properties to the lenders in full satisfaction of the related debt. Accordingly, the Fair Value of the mortgage liability should not exceed the Fair Value of the underlying property.

Of the Special Consideration Properties, five of the properties had emerged as of December 31, 2009 for which we recorded a gain in reorganization items of $54.2 million for the year ended December 31, 2009, while the remaining eight properties emerged during the three months ended March 31, 2010 for which we recorded a gain in reorganization items of $69.3 million. Any subsequent changes in the Fair Value of the mortgages related these properties will be recorded in interest expense as these entities have emerged from Chapter 11 bankruptcy protection. We have commenced the process to deed three of these properties to their respective lenders, and we have reached an agreement in principle with the lenders for two of such properties that provides that the respective deed transfers will occur by October 31, 2010. However, such process is subject to a number of milestones and legal proceedings and therefore, there can be no assurance that such agreement in principle will be consummated, and the dates of deed transfer for the remaining properties cannot be currently estimated. When these or the other deed transfers occur, no significant gain or loss is expected to result.

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

Combining condensed income statement and balance sheets have been presented as of August 31, 2010 with separate columns for the segregation of Debtors for which plans of reorganization have been approved (“Post-Confirmation Entities”) by the Bankruptcy Court versus those that have yet to file consensual or non-consensual plans of reorganization (“Unconfirmed Entities”). With respect to the Unconfirmed Entities, property management and other costs reflect reimbursements of costs allocated to the Post-Confirmation Entities. This presentation does not affect the presentation of other schedules as all original Debtors are included in this separate presentation where denoted. As of August 31, 2010, the Post-Confirmation Entities include 262 Debtors while the Unconfirmed Entities include 126 Debtors.

The unaudited financial statements for the Debtors contained in this Monthly Operating Report have been derived from the books and records of the Company. All significant intercompany balances and transactions between the Debtors have been eliminated. All intercompany balances with Non-Debtors are non-interest bearing (except to the extent such balances are between taxable and non-taxable entities), unsecured, payable on demand and have been reflected as a component of equity. In addition, the financial information contained in such financial statements for the Debtors is preliminary and unaudited and does not purport to show the results of operations or statements of position in accordance with GAAP as, primarily, only normal recurring adjustments are made for the routine monthly closing of our books. Accordingly, certain reclassifications, eliminations, accruals, valuations, reserve adjustments and disclosure items may not have been made for such purposes of this Monthly Operating Report. If this information had been subject to the procedures performed to prepare our quarterly and annual financial information in accordance with GAAP and the rules and regulations of the SEC, we believe that the financial information could be subject to changes and such changes could be material. Therefore, there can be no assurance that the financial information contained in this Monthly Operating Report for the Debtors is complete and readers are strongly cautioned not to place undue reliance upon this or any previously submitted Monthly Operating Report.

Readers of this Monthly Operating Report should refer to the Company’s audited Consolidated Financial Statements for the year ended December 31, 2009, which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009 (the “Annual Report”) and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2010 (the “2010 Interim Report”), as certain footnote disclosures that would substantially duplicate those contained in our Annual Report and such 2010 Interim Report have been omitted from this Monthly Operating Report. Capitalized terms used, but not defined, in this Monthly Operating Report have the same meaning as set forth in our Annual Report or in the 2010 Interim Report.

NOTE 3 Summary of Significant Accounting Policies

See Note 1 “Organization” and Note 2 “Summary of Significant Accounting Policies” in the Notes to Consolidated Financial Statements included in our 2009 Annual Report and Note 1 “Organization” in the Notes to Consolidated Financial Statements included in our 2010 Interim Report for a summary of the accounting policies that we consider to be significant.

NOTE 4 Cash and Cash Equivalents and Amounts Applicable to Debtor First-Lien Holders

In general, each of the Operating Properties collects cash receipts in a property-specific lockbox and such receipts are transferred daily to a centralized GGPLP cash management account from which cash disbursements are funded. Accordingly, none of the Debtors that directly or indirectly own specific Operating Properties disburse funds to outside parties; all such disbursements are made by GGPLP on behalf of such Debtors. Therefore, at any and all points in time, GGPLP maintains, for each Debtor, an individual net balance of all such cash transfers and disbursements made that pertain to such Debtor. This intercompany account between GGPLP and the respective Debtor is reconciled monthly. As described in Note 1, the Bankruptcy Court has approved the continuation of this centralized cash management system. In addition, for the Debtors that have emerged from bankruptcy, the centralized cash management system was incorporated into their plans of reorganization and secured mortgage loan modifications. Mortgage lenders to the Operating Properties were granted a lien on the centralized GGPLP cash management

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

account. Finally, the Debtors agreed to maintain a cash reserve in such account equal to the net cash transferred from the Operating Properties subject to liens since the Petition Date.

On August 31, 2010, the aggregate cumulative post-petition intercompany amounts due (to) from GGPLP with respect to Debtors that own Operating Properties with mortgage lenders possessing the lien rights on the centralized GGPLP cash management account described above, were $0.79 million. In addition, as of August 31, 2010, the aggregate cash balance held by the Debtors upon which the first-lien holders have such lien rights was approximately $207.9 million.

All bank accounts, both property specific and centralized, are reconciled monthly. Highly-liquid investments with maturities at dates of purchase of three months or less are classified as cash equivalents. As part of the adequate protection being provided to lenders of the Operating Properties, the Debtors will continue to provide reporting information to those lenders as required by their individual loan agreements. The Debtors have agreed to provide such information to the Office of the United States Trustee on a confidential basis upon reasonable request.

NOTE 5 Certain Other Assets and Liabilities and Liabilities Subject to Compromise

The following table summarizes the significant components of prepaid expenses and other assets of the Debtors:

	All Debtors as of
	August 31, 2010
	(In thousands)
Below-market ground leases	$	180,413
Security and escrow deposits		102,669
Prepaid expenses		97,598
Real estate tax stabilization agreement		68,991
Receivables — finance leases and bonds		55,485
Special Improvement District receivable		48,728
Above-market tenant leases		18,661
Deferred tax, net of valuation allowances		7,933
Other		8,129
Total prepaid expenses and other assets	$	588,607

The components of combined security and escrow deposits of the Debtors are summarized as follows:

	All Debtors as of
	August 31, 2010
	(In thousands)
Utility and other security deposits	$	35,449
Operating funds — restricted		20,264
Real estate tax escrows		11,823
Construction/major maintenance reserves		2,517
Collateralized letters of credit and other credit support		1,909
Other miscellaneous escrows		30,707
Total security and escrow deposits	$	102,669

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

The following table summarizes the significant components of accounts payable and accrued expenses of the Debtors. Substantially all amounts included in the unpaid or accrued balances listed below that are considered LTSC are past due at August 31, 2010, as payment of any of such obligations are limited or precluded by the operation of Chapter 11 (see Schedule X).

	All Debtors as of
	August 31, 2010
	(In thousands)
Accrued interest	$	538,955
Accounts payable and accrued expenses		367,714
Contingent purchase price liability		230,000
Uncertain tax position liabilities		217,556
Accrued payroll and other employee liabilities		193,339
Accrued real estate taxes		85,060
Construction payable		69,123
Deferred gains/income		77,833
Below-market tenant leases		44,915
Unapplied cash receipts		33,265
Accounts payable to affiliates		(105,852	)
Other		162,288
Total accounts payable and accrued expenses		1,914,196
Less: amounts not subject to compromise		(1,120,614	)
Total accounts payable and accrued expenses subject to compromise	$	793,582

The following table summarizes the amounts of LSTC (see Note 2) at August 31, 2010:

	(In thousands)
Mortgages and secured notes	$	498,688
Unsecured notes		6,526,477
Accounts payable and accrued expenses		793,582
Total liabilities subject to compromise	$	7,818,747

NOTE 6 Rejected Contracts and Related Matters

In addition to our mortgage and other debt, current liabilities and liens, the Debtors are subject to certain executory contracts. The Debtors, subject to the approval of the Bankruptcy Court, may assume or reject these contracts. Although the Debtors may consider the rejection of certain of such contracts (except for our operating property tenant leases), no contracts have been rejected relating to the plans of reorganization of the Emerged Debtors. Additional claims related to executory contracts have been recorded by the Debtors based on analysis relating to the emergence of Debtors and compliance with applicable accounting guidance.

10

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

NOTE 7 General and Administrative Expenses and Reorganization Items

General and Administrative expenses consist of the centralized costs of managing the portfolio of assets owned by the Company, which includes the Debtors. Significant subcategories of such overhead costs are listed in the following schedule:

	All Debtors
			Cumulative Post-
	Month Ended		Petition Period Ended
General and Administrative Expenses	August 31, 2010		August 31, 2010
	(In thousands)
Insider compensation	$	808	$	16,953
Public Company expense(1)		209		10,613
Travel, entertainment, insurance and other		1,199		39,546
Total general and administrative	$	2,216	$	67,112

(1) This amount includes routine operating professional fees, including any fees incurred for “retained professionals”. Professional fees related to the Chapter 11 Cases are reported separately within reorganization items.

Reorganization items under the bankruptcy filings are expense and income items that were incurred or realized by the Debtors as a result of the Chapter 11 Cases and are presented separately in the unaudited condensed combined statement of operations of the Debtors. These items include professional fees and similar types of expenses directly related to the bankruptcy filings, loss accruals or gains or losses resulting from activities of the reorganization process, and interest earned on cash accumulated by the Debtors. Reorganization items are as follows:

	All Debtors
				Cumulative Post-
	Month Ended			Petition Period Ended
Reorganization Items income (expense)	August 31, 2010			August 31, 2010
	(In thousands)
(Losses) gains on liabilities subject to compromise — vendors(1)	$	(739	)	$	14,473
Gains on liabilities subject to compromise — mortgage debt(2)		—			661,174
Interest income(3)		26			172
U.S. Trustee fees(4)		(294	)		(7,977	)
Restructuring costs — Chapter 11 Retained Professionals(5)		(12,129	)		(184,563	)
Restructuring costs — including other professional fees(6)		(16,756	)		(387,390	)
Total reorganization items	$	(29,892	)	$	95,889

(1)	This amount includes gains from repudiation, rejection or termination of contracts or guarantee of obligations. Such gains reflect agreements reached with certain critical vendors, which were authorized by the Bankruptcy Court and for which payments on an installment basis began in July 2009.
(2)	Such cumulative gains include $38.0 million resulting from the write off of existing Fair Value of debt adjustments for the entities that emerged from bankruptcy for the post-petition period ended August 31, 2010.
(3)	Interest income primarily reflects amounts earned on cash accumulated as a result of our Chapter 11 cases.
(4)	Estimate of fees due remain subject to confirmation and review by the Office of the United States Trustee (“U.S. Trustee”).
(5)	See Schedule VIII which sets forth those professionals whose retention was approved by separate order of the Bankruptcy Court. Certain of the retained professionals have agreements that provide for success or completion fees that are payable upon the consummation of specified restructuring or sale transactions.
(6)	Restructuring costs primarily include professional fees incurred related to the bankruptcy filings and; finance costs incurred by and the write off of unamortized deferred finance costs related to the Emerged Debtors.

11

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE I
COMBINED CONDENSED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)

	Month Ended August 31, 2010
							Combined
	Debtors			Eliminations			All Debtors
	(In thousands, except for per share amounts)
Revenues:
Minimum rents	$	134,998		$	(6	)		134,992
Tenant recoveries		62,712			17			62,729
Overage rents		3,136			—			3,136
Land and condominium sales		3,504			—			3,504
Management fees and other corporate revenues		951			—			951
Other		5,153			—			5,153
Total revenues		210,454			11			210,465
Expenses:
Real estate taxes		19,540			—			19,540
Property maintenance costs		7,849			—			7,849
Marketing		3,261			—			3,261
Ground and other rents		1,094			—			1,094
Other property operating costs		40,787			—			40,787
Land and condominium sales operations		3,092			—			3,092
Provision for doubtful accounts		1,463			—			1,463
Property management and other costs		8,881			(6	)		8,875
General and administrative		2,216			—			2,216
Provisions for impairment		91			—			91
Depreciation and amortization		48,887			—			48,887
Total expenses		137,161			(6	)		137,155
Operating income		73,293			17			73,310
Interest (expense) income, net		(92,359	)		—			(92,359	)
(Loss) income before income taxes, noncontrolling interests, equity in income of Real Estate Affiliates and reorganization items		(19,066	)		17			(19,049	)
Provision for income taxes		20			—			20
Equity in income of Real Estate Affiliates		(402	)		9,504			9,102
Reorganization items		(29,892	)		—			(29,892	)
Net (loss) income from continuing operations		(49,340	)		9,521			(39,819	)
Discontinued operations — loss on dispositions		11			—			11
Net (loss) income		(49,329	)		9,521			(39,808	)
Allocation to noncontrolling interests		(1,478	)		969			(509	)
Net (loss) income attributable to common stockholders	$	(50,807	)	$	10,490		$	(40,317	)
Basic and Diluted Earnings Per Share:	$	(0.15	)	$	0.03		$	(0.12	)
Comprehensive (Loss) Income, Net:
Net (loss) income attributable to common stockholders	$	(50,807	)	$	10,490		$	(40,317	)
Other comprehensive income, net:
Unrealized gains, net of unrealized losses, on financial instruments		(1,763	)		177			(1,586	)
Accrued pension adjustment		(136	)		35			(101	)
Foreign currency translation		1,022			(327	)		695
Unrealized losses on available-for-sale securities		(1	)		1			—
Other comprehensive income (loss), net		(878	)		(114	)		(992	)
Comprehensive (loss) income attributable to common stockholders	$	(51,685	)	$	10,376		$	(41,309	)

The accompanying notes are an integral part of these combined condensed financial statements.

12

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE II
COMBINED CONDENSED BALANCE SHEET
(UNAUDITED)

	Month Ended August 31, 2010
							Combined All
	Debtors			Eliminations			Debtors
				(In thousands)
Assets:
Investment in real estate:
Land	$	2,903,493		$	—		$	2,903,493
Buildings and equipment		18,900,041			—			18,900,041
Less accumulated depreciation		(4,068,173	)		—			(4,068,173	)
Developments in progress		380,899			(24,141	)		356,758
Net property and equipment		18,116,260			(24,141	)		18,092,119
Investment in and loans to/from Unconsolidated Real Estate Affiliates		601,127			(220,117	)		381,010
Investment property and property held for development and sale		1,306,108			23,876			1,329,984
Investment in controlled non-debtor entities		15,593,446			(11,466,692	)		4,126,754
Net investment in real estate		35,616,941			(11,687,074	)		23,929,867
Cash and cash equivalents		560,486			11,803			572,289
Accounts and notes receivable, net		309,690			(57	)		309,633
Goodwill		199,664			—			199,664
Deferred expenses, net		195,133			—			195,133
Prepaid expenses and other assets		1,015,097			(426,490	)		588,607
Total assets	$	37,897,011		$	(12,101,818	)	$	25,795,193
Liabilities and Equity:
Mortgages, notes and loans payable	$	14,267,831		$	—		$	14,267,831
Investment in and loans to/from Unconsolidated Real Estate Affiliates		32,806			—			32,806
Deferred tax liabilities		831,438			—			831,438
Accounts payable and accrued expenses		1,144,715			(24,101	)		1,120,614
Total liabilities not subject to compromise		16,276,790			(24,101	)		16,252,689
Liabilities subject to compromise		8,264,894			(446,147	)		7,818,747
Total liabilities		24,541,684			(470,248	)		24,071,436
Redeemable noncontrolling interests:
Preferred		120,756			—			120,756
Common		102,102			(84,707	)		17,395
Total redeemable noncontrolling interests		222,858			(84,707	)		138,151
Commitments and Contingencies		—			—			—
Preferred Stock: $100 par value; 5,000,000 shares authorized; none issued and outstanding		—			—			—
Equity:
Common stock: $.01 par value; 875,000,000 shares authorized, 381,842,071 shares issued as of August 31, 2010		3,188			—			3,188
Additional paid-in capital		14,342,750			(10,492,100	)		3,850,650
Retained earnings (accumulated deficit)		(1,158,744	)		(1,054,650	)		(2,213,394	)
Accumulated other comprehensive loss		4,881			(113	)		4,768
Less common stock in treasury, at cost, 1,449,939 shares as of August 31, 2010		(76,752	)		—			(76,752	)
Total stockholder’s equity		13,115,323			(11,546,863	)		1,568,460
Noncontrolling interests in consolidated real estate affiliates		17,146			—			17,146
Total equity		13,132,469			(11,546,863	)		1,585,606
Total liabilities and equity	$	37,897,011		$	(12,101,818	)	$	25,795,193

The accompanying notes are an integral part of these combined condensed financial statements.

13

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE III
SCHEDULE OF PAYROLL AND PAYROLL TAXES
(UNAUDITED)

as of and for the month ended August 31, 2010

Gross Wage	Employee Payroll	Employer Payroll
Expense	Taxes Withheld (a)	Taxes Remitted (b)
	(In thousands)
$17,049	$3,894	$944

(a)	Employee Payroll Taxes are withheld each pay period and remitted by the Company, together with the Employer Payroll Taxes, to the appropriate tax authorities.
(b)	Gross Wages are generally paid by the Company on behalf of the Debtors every two weeks, and were last paid in this period, including withholding amounts, on August 27, 2010.

SCHEDULE IV
SCHEDULE OF FEDERAL, STATE AND LOCAL TAXES
(UNAUDITED)

			Amounts Paid
	Amount Accrued		Month Ended
	August 31, 2010		August 31, 2010
	(In thousands)
Federal and state income taxes	$	18,985	$	30
State and local taxes:
Property *		85,060		23,951
Sales and use		1,798		1,251
Franchise		1,062		91
Other		682		144
Total state and local taxes		88,602		25,437
Total taxes	$	107,587	$	25,467

* Additional detail on the property taxes by Operating Property is listed below.

14

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
			Amount Paid
	Amount Accrued		Month Ended
Operating Property	August 31, 2010		August 31, 2010
	(In thousands)
10 Columbia Corp Ctr	$	—	$	—
10000 Covington Cross		—		15
10000 W Charleston		—		27
10190 Covington Cross		—		40
1120/40 Twon Ctr Dr		—		50
1160/80 Town Ctr Dr		—		50
1201/41 Tn Ctr Dr 2nd U3		—		—
1201/41 Town Ctr Dr		—		38
1201/41 Twn Ctr Dr FS U2		—		—
1240 Ala Moana Blvd		—		—
1251/81 Town Ctr Dr		—		10
1551 Hillshire Drive		—		39
1635 Village Ctr Circle		—		19
1645 Village Ctr Circle		—		24
20 Columbia Corp Ctr		—		—
30 Columbia Corp Ctr		—		—
40 Columbia Corp Ctr		—		—
50 Columbia Corp Ctr		—		—
60 Columbia Corp Ctr		—		—
9901/21 Covington Cross		—		25
9950/80 Covington Cross		—		24
Ala Moana Ctr		2,679		—
Ala Moana Pacific		—		—
Ala Moana Plaza		—		—
Ala Moana Tower		—		—
Alameda Plaza		125		—
Animas Valley		157		—
Apache Mall		284		—
Arizona Center		90		—
Arizona Center Cinem		24		—
Arizona Center Off		47		—
Arizona Center One		298		—
Arizona Center Other		—		—
Arizona Center Parki		95		—
Arizona Center Two		388		—
Arizona Ctr Garden Off		24		—
Arizona Ctr W Prkng Lot		—		—
Augusta Anchor Acq		238		—
Augusta Mall		482		—
Austin Bluffs		37		—

15

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
			Amount Paid
	Amount Accrued		Month Ended
Operating Property	August 31, 2010		August 31, 2010
	(In thousands)
Austin Mall Ltd Part.		—		—
Bailey Hills Village		3		—
Baltimore Center Associates LP		—		—
Baskin Robbins		4		—
Bay City		—		—
Bayshore		64		33
Beachwood Place		2,641		—
Bellis Fair		101		—
Birchwood		—		—
Boise Towne Plaza		157		—
Boise Towne Square		1,348		—
Boise Twne Squ Anch Acq		57		—
Brass Mill Center		—		—
Brass Mill Commons		—		—
Burlington Town Ctr		—		148
Burlington Town Offi		—		26
Cache Valley Mall		171		—
Cache Valley Marktpl		75		—
Calendonian Holding		—		—
Canyon Point		—		42
Capital		198		—
Century		65		—
Chapel Hills		811		—
Chico Mall		103		—
Chula Vista		134		—
Collin Creek		1,181		—
Collin Creek-Dillards		—		—
Colony Square		260		—
Columbia Mall (MO)		358		—
Columbiana		1,004		—
Coronado Center		527		2
Corporate Pointe #2		—		—
Corporate Pointe #3		—		—
Cottonwood Mall		195		—
Cottonwood Square		28		—
Country Hills Plaza		92		—
Crossing Bus Ctr #6		—		28
Crossing Bus Ctr #7		—		39
Crossroads Ctr (MN)		500		—
Deerbrook		854		—

16

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
			Amount Paid
	Amount Accrued		Month Ended
Operating Property	August 31, 2010		August 31, 2010
	(In thousands)
Deerbrook Mall Anchor Acq		47		—
Division Crossing		40		—
Eagle Ridge		361		—
Eastridge (CA)		242		—
Eastridge Mall (WY)		175		—
Eastridge Shopping Center LLC		—		—
Eden Prairie		669		—
Eden Prairie Ctr Anch		38		—
Elk Grove Promenade		233		—
Fairwood Dev Corp Share		—		—
Fallbrook Center		260		—
Faneuil Hall Marketplace LLC		—		—
Fashion Place		580		—
Fashion Place Anchor Acq		38		—
Fashion Show		—		715
Foothills Mall		619		—
Foothills Mall		—		—
Fort Union		45		—
Four Seasons Town Ctr		1,148		—
Fox River		992		—
Fremont Plaza		—		27
Gateway		163		—
Gateway Crossing		159		—
Gateway Overlook		—		—
GGP Ala Moana LLC		—		6,003
GGPLP-Shared		1,321		—
Glenbrook Sq Anchor Acq		220		—
Glenbrook Square		5,401		—
Grand Teton Mall		562		—
Grand Teton Plaza		124		—
Grand Traverse		—		—
Greengate Mall, Inc		—		—
Greenwood		326		—
Halekauwila Bldg		—		—
Halsey Crossing		13		—
Harborplace		—		—
HRDLC-Benson Ground Lse		—		—
Hughes Summerlin Other		—		—
Hulen Mall		1,404		—
Jordan Creek Town Ctr		5,073		—

17

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
				Amount Paid
	Amount Accrued			Month Ended
Operating Property	August 31, 2010			August 31, 2010
	(In thousands)
Kapiolani Properties		—			713
Kendall Town Center		590			—
Knollwood		103			—
Lakeside Mall		—			1,282
Lakeview Square		(35	)		616
Landmark		88			—
Lansing Mall		189			—
Lincolnshire Commons		308			203
Lockport		19			—
Lynnhaven Mall		411			—
Mall Bluffs		1,870			—
Mall of Louisiana		823			—
Mall of Louisiana Pwr Ctr		102			—
Mall St Vincent		417			—
Mall St. Matthews		522			—
Market Place		1,171			822
Mayfair		3,081			—
Mayfair Bank		213			—
Mayfair Mall LLC		—			—
Mayfair North		223			—
Mayfair Prof		85			—
Mayfair-Aurora Hlth CtrSht		203			—
Metro Plaza-Office		—			—
Moreno		109			—
Neighborhood Stores		—			—
New Orleans Riverwalk, Ltd		—			—
Newgate		513			—
Newgate Mall Land		—			—
Newpark		134			—
NewPark Mall Anchor Acq		20			—
North Plains Mall		41			—
North Point		1,637			—
North Star Mall		2,597			—
North Star Mall Anch Acq		235			—
North Town Mall		195			—
Northgate		440			—
Northridge		419			—
Oakwood Center (LA)		305			—
Oakwood Mall (WI)		827			—

18

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
			Amount Paid
	Amount Accrued		Month Ended
Operating Property	August 31, 2010		August 31, 2010
	(In thousands)
Oglethorpe		264		—
Orem Plaza Ctr St		49		—
Orem Plaza State St		24		—
Other Hughes Properties		—		—
Oviedo Marketplace		450		—
Owings Mills — HQ BS		—		—
Owings Mills Mall		—		—
Owings Mills Off Alloc		—		—
Oxmoor Center		501		—
Park City		—		3,142
Park Meadows		—		—
Park Place		784		33
Park West		763		—
Parking Lot-932		—		—
PDC Holding LLC		—		—
Peachtree Mall		987		—
Pecanland Mall		430		—
Pecanland Mall Anchor Acq		34		—
Piedmont		38		—
Pierre Bossier		156		—
Pine Ridge Mall		237		—
Pioneer Place		107		—
Pioneer Place Exp		112		—
Pioneer Tower		136		—
Pioneer Tower Garage		18		—
Plaza 800		—		30
Plaza 9400		101		—
Prince Kuhio		42		254
Providence Place		33		—
Provo Plaza		29		—
Rascap Realty, Ltd		—		—
Red Cliffs Mall		142		—
Red Cliffs Plaza		40		—
Redlands Promenade		16		—
Regency		908		—
Retail at Residential		—		—
Ridgedale Center		617		—
Ridgely Building		—		—
Rio West		141		—
River Falls		931		—

19

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
			Amount Paid
	Amount Accrued		Month Ended
Operating Property	August 31, 2010		August 31, 2010
	(In thousands)
River Hills		1,762		—
River Pointe Plaza		65		—
Riverlands		40		—
Riverside Plaza		104		—
Rivertown		—		1,923
Riverwalk Marketplace-		—		—
Rogue Valley Mall		134		—
Rouse Arizona Center LLC		—		—
Rouse Si Shopping Ctr (Si)		—		—
S St. Marketplace Theater		170		—
Saint Louis Galleria		2,657		—
Saint Louis Galleria Anch		54		—
Salem Center		94		—
Seaport Marketplace, Inc		—		—
Sikes Senter		781		—
Silver Lake Mall		140		—
Sooner		274		—
Southlake		706		—
Southland Center		313		—
Southland Mall		276		—
SouthShore		13		—
Southwest Off l		113		—
Southwest Off ll		36		—
Southwest Plaza		1,565		—
Southwest Plaza LLC		—		—
Spring Hill		1,467		1,078
Steeplegate		—		—
Stonestown Galleria		513		—
Stonestown Land		—		—
Stonestown Medical		37		—
The Boulevard		—		—
The Bridges @ Mint Hill		13		—
The Commons Foothills		21		—
The Crossroads (MI)		—		—
The Gallery Harbor-Gar		511		—
The Gallery Harborplace		—		—
The Grand Canal		67		408
The Hughes Corp		—		—
The Maine Mall		8		856
The Mall @ Sierra Vista		299		—

20

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
			Amount Paid
	Amount Accrued		Month Ended
Operating Property	August 31, 2010		August 31, 2010
	(In thousands)
The Pines		165		—
The Plaza Foothills		51		—
The Shoppes @ Palazzo		21		211
The Shoppes at Detroit Gwy		—		—
The Shops @ Summerlin Ctre		88		116
The Shops Fallen Timbers		1,234		4
The Shops Foothills		82		—
The Village Cr Keys Off		—		—
The Village Cross Keys		—		—
The Village of Redlands		34		—
The Woodlands Anch Acq		81		—
Three Rivers Mall		34		—
Toshiba Hawaii, Inc		—		—
Town East		2,207		—
TRCLP		—		—
Tucson 4646 Outparcel		20		—
Tucson 4848 Outparcel		27		—
Tucson Anc Acq		42		—
Tucson Mall		581		—
Twin Falls Crossing		23		—
Tysons Galleria		413		—
University Crossing		167		—
Valley Hills		809		—
Valley Plaza Anchor Acq		—		—
Valley Plaza Mall		197		—
Victoria Ward Limited		—		2,966
Victoria Ward Shr Op		—		—
Vill Square-Ret PH III		—		—
Village-Jordan Creek		1,333		—
Visalia Mall		77		—
Vista Commons		—		33
Vista Ridge		1,255		—
Ward Entertainment Ctr-		—		—
Ward Gateway Ctr		—		—
Ward Gateway-Industrial-Villag		—		—
Ward Industrial Ctr		—		—
Ward Plaza		—		—
Ward Plaza Warehouse LLC		—		1
Ward Village		—		—
Ward Village Shops		—		—

21

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IV — Continued
SCHEDULE OF PROPERTY TAXES
(UNAUDITED)

	Property Tax
			Amount Paid
	Amount Accrued		Month Ended
Operating Property	August 31, 2010		August 31, 2010
	(In thousands)
Ward Warehouse		—		—
Washington Park		112		—
West Valley		155		—
Westwood		43		—
White Marsh LP Share		—		—
White Marsh Mall		—		—
White Mountain Mall		74		—
Willowbrook (NJ)		154		1,836
Woodbridge Center		—		—
Woodlands		1,025		—
Woodlands		83		—
Woodlands Village		73		—
Yellowstone Square		70		—
	$	85,060	$	23,951

22

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
South Street Seaport Limited Partnership		09-11963	$	1,666
Seaport Marketplace, LLC		09-11964		—
Seaport Marketplace Theatre, LLC		09-11965		4
Lockport L.L.C.		09-11966		14
RASCAP Realty, Ltd.		09-11967		—
Bellis Fair Partners		09-11968		972
GGP-Mint Hill L.L.C.		09-11969		—
Pines Mall Partners		09-11970		122
GGP-Grandville L.L.C.		09-11971		3,306
GGP-Grandville II L.L.C.		09-11972		—
GGP-Redlands Mall, L.P.		09-11973		63
La Place Shopping, L.P.		09-11974		179
GGP-Tucson Land L.L.C.		09-11975		4
Tucson Anchor Acquisition, LLC		09-11976		14
General Growth Properties, Inc.		09-11977		—
GGP Limited Partnership		09-11978		43,843
Rouse LLC		09-11979		—
GGP American Properties Inc.		09-11980		—
Caledonian Holding Company, Inc.		09-11981		—
GGPLP L.L.C.		09-11982		1
Rouse Company LP, The		09-11983		4,367
TRC Co-Issuer, Inc.		09-11984		—
Oakwood Shopping Center Limited Partnership		09-11985		408
Alameda Mall Associates		09-11986		1,587
Bay Shore Mall Partners		09-11987		468
Chico Mall, L.P.		09-11988		132
Lansing Mall Limited Partnership		09-11989		522
GGP-Pecanland, L.P.		09-11990		626
GGP-Pecanland II, L.P.		09-11991		—
Southland Mall, L.P.		09-11992		656
South Shore Partners, L.P.		09-11993		40
Price Financing Partnership, L.P.		09-11994		—
Price GP L.L.C.		09-11995		—
HHP Government Services, Limited Partnership		09-11996		1
Ho Retail Properties I Limited Partnership		09-11997		631
New Orleans Riverwalk Associates		09-11998		373
New Orleans Riverwalk Limited Partnership		09-11999		—
White Marsh General Partnership		09-12000		532
White Marsh Mall Associates		09-12001		532
White Marsh Phase II Associates		09-12002		532

23

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
Parke West, LLC		09-12003		132
GGP-Newpark L.L.C.		09-12004		—
Elk Grove Town Center, L.P.		09-12005		1,592
Baltimore Center Associates Limited Partnership		09-12006		1,203
Baltimore Center Garage Limited Partnership		09-12007		316
Century Plaza L.L.C.		09-12008		56
Harbor Place Associates Limited Partnership		09-12009		758
Price Development Company, Limited Partnership		09-12010		146
Rouse-Phoenix Theatre Limited Partnership		09-12011		4
Rouse-Arizona Retail Center Limited Partnership		09-12012		324
Rouse-Phoenix Master Limited Partnership		09-12013		—
Saint Louis Land L.L.C.		09-12014		—
Southland Center, LLC		09-12015		425
GGP-North Point Land L.L.C.		09-12016		—
Majestic Partners-Provo, LLC		09-12017		12
GGP-Mall of Louisiana, L.P.		09-12018		2,294
NewPark Anchor Acquisition, LLC		09-12019		—
Parkview Office Building Limited Partnership		09-12020		31
Parkside Limited Partnership		09-12021		99
Park Square Limited Partnership		09-12022		60
Rouse SI Shopping Center, LLC		09-12023		2,991
Augusta Mall, LLC		09-12024		1,463
Burlington Town Center LLC, The		09-12025		556
Fashion Show Mall LLC		09-12026		4,806
GGP Ala Moana L.L.C.		09-12027		19,085
GGP Jordan Creek L.L.C.		09-12028		1,402
GGP Village at Jordan Creek L.L.C.		09-12029		35
GGP-Four Seasons L.L.C.		09-12030		1,241
Lincolnshire Commons, LLC		09-12031		398
Phase II Mall Subsidiary, LLC		09-12032		2,398
St. Cloud Mall L.L.C.		09-12033		657
Valley Hills Mall L.L.C.		09-12034		598
GGP Holding, Inc.		09-12035		213
The Rouse Company BT, LLC		09-12036		—
Rouse Company Operating Partnership LP, The		09-12037		—
10000 West Charleston Boulevard, LLC		09-12040		74
10190 Covington Cross, LLC		09-12041		111
1120/1140 Town Center Drive, LLC		09-12042		166
1160/1180 Town Center Drive, LLC		09-12043		193
1201-1281 Town Center Drive, LLC		09-12044		83

24

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
1251 Center Crossing, LLC		09-12045		—
1450 Center Crossing Drive, LLC		09-12046		45
1451 Center Crossing Drive, LLC		09-12047		48
1551 Hillshire Drive, LLC		09-12048		173
1635 Village Centre Circle, LLC		09-12049		45
1645 Village Center Circle, LLC		09-12050		48
9901-9921 Covington Cross, LLC		09-12051		43
9950-9980 Covington Cross, LLC		09-12052		41
Alameda Mall, L.L.C.		09-12053		—
Apache Mall, LLC		09-12054		395
Arizona Center Parking, LLC		09-12055		79
Augusta Mall Anchor Acquisition, LLC		09-12056		10
Augusta Mall Anchor Holding, LLC		09-12057		—
Augusta Mall Holding, LLC		09-12058		—
Austin Mall Limited Partnership		09-12059		—
Austin Mall, LLC		09-12060		—
Bakersfield Mall, Inc.		09-12061		—
Bakersfield Mall LLC		09-12062		856
Baltimore Center, LLC		09-12063		—
Bay City Mall Associates L.L.C.		09-12064		131
Bay Shore Mall II L.L.C.		09-12065		—
Bay Shore Mall, Inc.		09-12066		—
Beachwood Place Holding, LLC		09-12067		—
Beachwood Place Mall, LLC		09-12068		1,814
Benson Park Business Trust		09-12069		—
Birchwood Mall, LLC		09-12070		174
Boise Mall, LLC		09-12071		555
Boise Town Square Anchor Acquisition, LLC		09-12072		4
Boise Towne Plaza L.L.C.		09-12073		115
Boulevard Associates		09-12074		1,294
Boulevard Mall, Inc.		09-12075		—
Boulevard Mall I LLC		09-12076		—
Boulevard Mall II LLC		09-12077		—
BTS Properties L.L.C.		09-12078		—
Cache Valley, LLC		09-12079		99
Century Plaza, Inc.		09-12080		—
Champaign Market Place L.L.C.		09-12081		1,659
Chapel Hills Mall L.L.C.		09-12082		224
Chattanooga Mall, Inc.		09-12083		—
Chico Mall L.L.C.		09-12084		—

25

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
Chula Vista Center, LLC		09-12085		171
Collin Creek Anchor Acquisition, LLC		09-12086		—
Collin Creek Mall, LLC		09-12087		976
Colony Square Mall L.L.C.		09-12088		131
Columbia Mall L.L.C.		09-12089		917
Coronado Center L.L.C.		09-12090		1,465
Coronado Center Holding L.L.C.		09-12091		—
Cottonwood Mall, LLC		09-12092		999
Country Hills Plaza, LLC		09-12093		48
Deerbrook Mall, LLC		09-12094		893
DK Burlington Town Center LLC		09-12095		—
Eagle Ridge Mall, Inc.		09-12096		—
Eagle Ridge Mall, L.P.		09-12097		210
Eastridge Shopping Center L.L.C.		09-12098		1,441
Eden Prairie Anchor Building L.L.C.		09-12099		1
Eden Prairie Mall, Inc.		09-12100		—
Eden Prairie Mall L.L.C.		09-12101		947
Elk Grove Town Center L.L.C.		09-12102		—
ER Land Acquisition L.L.C.		09-12103		—
Fallbrook Square Partners Limited Partnership		09-12104		1,734
Fallbrook Square Partners L.L.C.		09-12105		—
Fallen Timbers Shops, LLC		09-12106		144
Fallen Timbers Shops II, LLC		09-12107		—
Faneuil Hall Marketplace, LLC		09-12108		1,161
Fashion Place, LLC		09-12109		1,689
Fashion Place Anchor Acquisition, LLC		09-12110		5
Fifty Columbia Corporate Center, LLC		09-12111		—
Forty Columbia Corporate Center, LLC		09-12112		—
Fox River Shopping Center, LLC		09-12113		1,598
Franklin Park Mall, LLC		09-12114		—
Franklin Park Mall Company, LLC		09-12115		—
Gateway Crossing L.L.C.		09-12116		97
Gateway Overlook Business Trust		09-12117		1,339
Gateway Overlook II Business Trust		09-12118		—
GGP Acquisition, L.L.C.		09-12119		—
GGP Ala Moana Holdings L.L.C.		09-12120		—
GGP American Holdings Inc.		09-12121		—
GGP General II, Inc.		09-12122		—
GGP Holding II, Inc.		09-12123		48
GGP Holding Services, Inc.		09-12124		—

26

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
GGP Ivanhoe II, Inc.		09-12125		—
GGP Ivanhoe IV Services, Inc.		09-12126		—
GGP Kapiolani Development L.L.C.		09-12127		753
GGP Knollwood Mall, LP		09-12128		393
GGP Natick Residence LLC		09-12129		172
GGP Savannah L.L.C.		09-12130		—
GGP/Homart, Inc.		09-12131		95
GGP/Homart Services, Inc.		09-12132		—
GGP-Bay City One, Inc.		09-12133		—
GGP-Brass Mill, Inc.		09-12134		1,252
GGP-Burlington L.L.C.		09-12135		—
GGP-Canal Shoppes L.L.C.		09-12136		—
GGP-Foothills L.L.C.		09-12137		192
GGP-Glenbrook L.L.C.		09-12138		1,263
GGP-Glenbrook Holding L.L.C.		09-12139		2
GGP-Grandville Land L.L.C.		09-12140		—
GGP-La Place, Inc.		09-12141		—
GGP-Lakeview Square, Inc.		09-12142		—
GGP-Lansing Mall, Inc.		09-12143		—
GGP-Maine Mall L.L.C.		09-12144		2,461
GGP-Maine Mall Holding L.L.C.		09-12145		—
GGP-Maine Mall Land L.L.C.		09-12146		—
GGP-Moreno Valley, Inc.		09-12147		368
GGP-Newgate Mall, LLC		09-12148		388
GGP-Newpark, Inc.		09-12149		—
GGP-North Point, Inc.		09-12150		1,790
GGP-Pecanland, Inc.		09-12151		—
GGP-Redlands Mall L.L.C.		09-12152		—
GGP-South Shore Partners, Inc.		09-12153		—
GGP-Steeplegate, Inc.		09-12154		79
GGP-Tucson Mall L.L.C.		09-12155		1,220
GGP-UC L.L.C.		09-12156		95
Grand Canal Shops II, LLC		09-12157		4,117
Grandville Mall II, Inc.		09-12158		—
Grandville Mall, Inc.		09-12159		—
Greengate Mall, Inc.		09-12160		—
Greenwood Mall Land, LLC		09-12161		—
Harborplace Borrower, LLC		09-12162		—
Hickory Ridge Village Center, Inc.		09-12163		—
HMF Properties, LLC		09-12164		—

27

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
Ho Retail Properties II Limited Partnership		09-12165		138
Hocker Oxmoor, LLC		09-12166		717
Hocker Oxmoor Partners, LLC		09-12167		—
Howard Hughes Canyon Pointe Q4, LLC		09-12168		97
Howard Hughes Corporation, The		09-12169		1,412
Howard Hughes Properties, Inc.		09-12170		1,454
Howard Hughes Properties, Limited Partnership		09-12171		33
Howard Hughes Properties IV, LLC		09-12172		49
Howard Hughes Properties V, LLC		09-12173		54
HRD Parking, Inc.		09-12174		9
HRD Remainder, Inc.		09-12175		—
Hulen Mall, LLC		09-12176		1,021
Hughes Corporation, The		09-12177		2
Kapiolani Condominium Development, LLC		09-12178		—
Kapiolani Retail, LLC		09-12179		—
Knollwood Mall, Inc.		09-12180		—
Lakeside Mall Holding, LLC		09-12181		—
Lakeside Mall Property LLC		09-12182		2,658
Lakeview Square Limited Partnership		09-12183		777
Land Trust No. 89433		09-12184		—
Land Trust No. 89434		09-12185		—
Land Trust No. FHB-TRES 200601		09-12186		—
Land Trust No. FHB-TRES 200602		09-12187		—
Landmark Mall L.L.C.		09-12188		232
Lynnhaven Holding L.L.C.		09-12189		—
Lynnhaven Mall L.L.C.		09-12190		1,806
Mall of Louisiana Holding, Inc.		09-12191		—
Mall of Louisiana Land, LP		09-12192		11
Mall of Louisiana Land Holding, LLC		09-12193		—
Mall of the Bluffs, LLC		09-12194		121
Mall St. Matthews Company, LLC		09-12195		—
Mall St. Vincent, Inc.		09-12196		—
Mall St. Vincent, L.P.		09-12197		182
Mayfair Mall, LLC		09-12198		1,053
MSAB Holdings, Inc.		09-12199		—
MSAB Holdings L.L.C.		09-12200		—
MSM Property L.L.C.		09-12201		1,199
Natick Retail, LLC		09-12202		1
Newgate Mall Land Acquisition, LLC		09-12203		—
NewPark Mall L.L.C.		09-12204		—

28

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
North Plains Mall, LLC		09-12205		19
North Star Anchor Acquisition, LLC		09-12206		257
North Star Mall, LLC		09-12207		1,880
North Town Mall, LLC		09-12208		498
Northgate Mall L.L.C.		09-12209		93
NSMJV, LLC		09-12210		—
Oakwood Hills Mall, LLC		09-12211		203
Oglethorpe Mall L.L.C.		09-12212		1,039
Oklahoma Mall L.L.C.		09-12213		—
OM Borrower, LLC		09-12214		—
One Willow Company, LLC		09-12215		—
Orem Plaza Center Street, LLC		09-12216		—
Owings Mills Limited Partnership		09-12217		362
Park Mall, Inc.		09-12218		—
Park Mall L.L.C.		09-12219		1,375
PDC Community Centers L.L.C.		09-12220		399
PDC-Eastridge Mall L.L.C.		09-12221		353
PDC-Red Cliffs Mall L.L.C.		09-12222		266
Peachtree Mall L.L.C.		09-12223		701
Pecanland Anchor Acquisition, LLC		09-12224		—
Piedmont Mall, LLC		09-12225		140
Pierre Bossier Mall, LLC		09-12226		167
Pine Ridge Mall L.L.C.		09-12227		244
Pioneer Office Limited Partnership		09-12228		1,323
Pioneer Place Limited Partnership		09-12229		307
Price Development TRS, Inc.		09-12230		—
Price-ASG L.L.C.		09-12231		422
Prince Kuhio Plaza, Inc.		09-12232		—
Providence Place Holdings, LLC		09-12233		—
Redlands Land Acquisition Company L.L.C.		09-12234		—
Redlands Land Acquisition Company, L.P.		09-12235		—
Redlands Land Holding L.L.C.		09-12236		—
Ridgedale Center, LLC		09-12237		1,382
Rio West L.L.C.		09-12238		96
River Falls Mall, LLC		09-12239		43
River Hills Land, LLC		09-12240		—
River Hills Mall, LLC		09-12241		805
Rogue Valley Mall L.L.C.		09-12242		863
Rogue Valley Mall Holding L.L.C.		09-12243		—
The Rouse Company at Owings Mills, LLC		09-12244		—

29

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
Rouse Company of Florida, LLC, The		09-12245		—
The Rouse Company of Louisiana, LLC		09-12246		—
The Rouse Company of Michigan, LLC		09-12247		—
The Rouse Company of Minnesota, LLC		09-12248		—
The Rouse Company of Ohio, LLC		09-12249		—
Rouse F.S., LLC		09-12250		—
Rouse Office Management of Arizona, LLC		09-12251		—
Rouse Providence LLC		09-12252		3,121
Rouse Ridgedale, LLC		09-12253		—
Rouse Ridgedale Holding, LLC		09-12254		—
Rouse Southland, LLC		09-12255		—
Rouse-Arizona Center, LLC		09-12256		—
Rouse-Fairwood Development Corporation		09-12257		1
Rouse-New Orleans, LLC		09-12258		—
Rouse-Oakwood Shopping Center, LLC		09-12259		—
Rouse-Orlando, LLC		09-12260		248
Rouse-Phoenix Cinema, LLC		09-12261		—
Rouse-Phoenix Corporate Center Limited Partnership		09-12262		147
Rouse-Phoenix Development Company, LLC		09-12263		—
Rouse-Portland, LLC		09-12264		—
RS Properties Inc.		09-12265		1,012
Saint Louis Galleria L.L.C.		09-12266		2,202
Saint Louis Galleria Anchor Acquisition, LLC		09-12267		2,030
Saint Louis Galleria Holding L.L.C.		09-12268		—
Sierra Vista Mall, LLC		09-12269		73
Sikes Senter, LLC		09-12270		564
Silver Lake Mall, LLC		09-12271		56
Sixty Columbia Corporate Center, LLC		09-12272		—
Sooner Fashion Mall L.L.C.		09-12273		484
Southlake Mall L.L.C.		09-12274		978
Southland Center Holding, LLC		09-12275		—
Southland Mall, Inc.		09-12276		—
Southwest Denver Land L.L.C.		09-12277		—
Southwest Plaza L.L.C.		09-12278		255
Spring Hill Mall L.L.C.		09-12279		1,272
St. Cloud Land L.L.C.		09-12280		—
St. Cloud Mall Holding L.L.C.		09-12281		—
Stonestown Shopping Center L.L.C.		09-12282		—
Stonestown Shopping Center, L.P.		09-12283		1,549
Summerlin Centre, LLC		09-12284		1,629

30

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
Summerlin Corporation		09-12285		—
Three Rivers Mall L.L.C.		09-12286		256
Three Willow Company, LLC		09-12287		—
Town East Mall, LLC		09-12288		2,348
Tracy Mall, Inc.		09-12289		—
Tracy Mall Partners, L.P.		09-12290		685
Tracy Mall Partners I L.L.C.		09-12291		—
Tracy Mall Partners II, L.P.		09-12292		—
TRC Willow, LLC		09-12293		—
TV Investment, LLC		09-12294		—
Two Arizona Center, LLC		09-12295		103
Two Willow Company, LLC		09-12296		—
Tysons Galleria L.L.C.		09-12297		1,970
U.K.-American Properties, Inc.		09-12298		1,657
Valley Hills Mall, Inc.		09-12299		—
Valley Plaza Anchor Acquisition, LLC		09-12300		250
VCK Business Trust		09-12301		524
Victoria Ward Center L.L.C.		09-12302		119
Victoria Ward Entertainment Center L.L.C.		09-12303		150
Victoria Ward, Limited		09-12304		4,529
Victoria Ward Services, Inc.		09-12305		—
Village of Cross Keys, LLC, The		09-12306		73
Visalia Mall L.L.C.		09-12307		—
Vista Commons, LLC		09-12308		65
Visalia Mall, L.P.		09-12309		381
Vista Ridge Mall, LLC		09-12310		1,126
VW Condominium Development, LLC		09-12311		—
Ward Gateway-Industrial-Village, LLC		09-12312		126
Ward Plaza-Warehouse, LLC		09-12313		222
Weeping Willow RNA, LLC		09-12314		—
West Kendall Holdings, LLC		09-12315		657
Westwood Mall, LLC		09-12316		97
White Marsh Mall, LLC		09-12317		—
White Mountain Mall, LLC		09-12318		69
Willow SPE, LLC		09-12319		—
Willowbrook II, LLC		09-12320		—
Willowbrook Mall, LLC		09-12321		2,296
Woodbridge Center Property, LLC		09-12322		1,859
Woodlands Mall Associates, LLC, The		09-12323		1,830
10000 Covington Cross, LLC		09-12324		20

31

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE V — Continued
SCHEDULE OF TOTAL DISBURSEMENTS BY DEBTOR
(UNAUDITED)

			Disbursements
			Month Ended
Legal Entity	Case Number		August 31, 2010
			(In thousands)
10 CCC Business Trust		09-12457		107
20 CCC Business Trust		09-12458		127
30 CCC Business Trust		09-12459		58
Capital Mall L.L.C.		09-12462		274
GGP-Columbiana Trust		09-12464		180
GGP-Gateway Mall L.L.C.		09-12467		535
Grand Traverse Mall Partners, LP		09-12469		232
Greenwood Mall L.L.C.		09-12471		684
Kalamazoo Mall L.L.C.		09-12472		560
Lancaster Trust		09-12473		4,324
Mondawmin Business Trust		09-12474		757
Running Brook Business Trust		09-12475		—
Town Center East Business Trust		09-12476		48
Burlington Town Center II LLC		09-12477		—
GGP-Mall of Louisiana, Inc.		09-12478		—
Stonestown Shopping Center Holding L.L.C.		09-12479		—
Capital Mall, Inc.		09-12480		—
GGP-Gateway Mall, Inc.		09-12481		—
GGP-Mall of Louisiana II, L.P.		09-12482		—
Grand Traverse Mall Holding, Inc.		09-12483		—
Greenwood Mall, Inc.		09-12484		—
Kalamazoo Mall, Inc.		09-12485		—
Parcit-IIP Lancaster Venture		09-12486		—
Parcity L.L.C.		09-12487		—
Parcity Trust		09-12488		—
Park City Holding, Inc.		09-12489		—
PC Lancaster L.L.C.		09-12490		—
PC Lancaster Trust		09-12491		—
				$215,205

32

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE VI
SCHEDULE OF DEBTORS’ OPERATING PROPERTY
AGED TENANT ACCOUNTS RECEIVABLE
(UNAUDITED)

	August 31, 2010
	(In thousands)
Current	$	(38,942)	*
31 - 60 days		1,365
61 - 90 days		6,795
91 - 120 days		2,104
Over 120 days		41,349
Gross Amount	$	12,671

* In general, reflects tenant rents paid in advance.

33

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE VII
STATUS OF MORTGAGES PAYABLE FOR DEBTORS
(UNAUDITED)

								Interest Expense
						Total Debt Balance		Month Ended
Property	Maturity Date		Rate (a)			Month Ended August 31		August 31 (b)
						(Dollars in thousands)
Fixed Rate Loans
Secured Asset Loans:
10000 West Charleston		4/1/2015		7.88	%	$	21,248	$	140
1160/80 Town Center		1/13/2017		6.99	%		8,091		47
Ala Moana A1		6/30/2018		5.60	%		1,174,477		5,666
Ala Moana A2		6/30/2018		5.52	%		296,756		1,411
Augusta Mall		11/10/2017		5.49	%		173,520		820
Baltimore Center Garage Ltd Partnership		6/1/2018		6.05	%		14,266		72
Bay City		12/2/2013		5.30	%		23,502		107
Bayshore		8/31/2016		7.13	%		30,219		180
Beachwood Place		10/7/2017		5.60	%		235,238		1,134
Bellis Fair		2/14/2018		7.34	%		58,986		361
Boise Towne Plaza		7/9/2015		4.70	%		10,604		43
Boise Towne Square		8/11/2017		6.64	%		68,910		394
Brass Mill		4/10/2016		4.55	%		118,543		464
Burlington		7/1/2015		5.03	%		25,759		112
Burlington 2 (*)		7/1/2010		6.30	%		5,500		30
Capital		10/1/2014		7.28	%		19,829		124
Chapel Hills		10/11/2010		5.04	%		112,925		490
Chico Mall		2/11/2009		4.74	%		55,446		226
Collin Creek Mall		7/9/2016		6.78	%		65,370		381
Columbia Mall (MO)		5/3/2017		6.05	%		89,399		466
Coronado		12/6/2016		5.08	%		164,752		720
Corporate Pointe 2 (10650 W. Charleston)		3/12/2016		6.83	%		4,427		26
Corporate Pointe 3 (10750 W. Charleston)		3/12/2016		6.83	%		4,427		26
Country Hills		6/1/2016		6.04	%		13,273		69
Crossroads Center (MN)		1/30/2014		4.73	%		82,038		334
Deerbrook		1/1/2014		3.46	%		70,124		209
Eagle Ridge		10/12/2015		5.41	%		46,726		217
Eastridge (CA) Note A		8/31/2017		5.92	%		132,584		675
Eastridge (CA) Note B		8/31/2017		5.32	%		36,218		166
Eastridge (WY )		12/4/2016		5.08	%		38,191		167
Eden Prairie		9/30/2014		4.67	%		77,612		312
Fallbrook		1/3/2018		6.14	%		84,443		446
Faneuil Hall		9/30/2016		5.57	%		92,175		442
Fashion Place		4/5/2014		5.30	%		141,230		645
Four Seasons		6/11/2017		5.60	%		96,798		467
Fox River		9/3/2016		5.96	%		193,053		991
Gallery at Harborplace 1 (Baltimore Center Land, Garage & Office)		6/1/2014		7.89	%		63,229		434
Gateway		10/1/2014		7.28	%		38,861		244
Gateway Overlook		8/30/2016		5.78	%		54,612		272
Glenbrook		12/30/2016		4.91	%		172,893		732
Grand Canal Shoppes		5/1/2014		4.78	%		383,136		1,577
Grand Traverse		10/1/2012		5.02	%		83,282		360
Greenwood		10/1/2014		7.28	%		43,630		274
Harborplace		4/5/2016		5.79	%		49,603		247
Homart I (*)		2/28/2013		5.95	%		245,115		1,256
Hulen Mall		6/7/2015		5.03	%		110,194		477
Ivanhoe Capital (*)		12/3/2012		5.74	%		93,713		463
Jordan Creek		3/2/2014		4.57	%		180,644		710
JP Comm Jr. Gateway Crossing		1/7/2014		4.70	%		14,791		60
JP Comm Jr. Univ. Crossing		1/7/2014		4.70	%		11,043		45
JP Comm Sr. Austin Bluffs		1/1/2014		4.40	%		2,187		8
JP Comm Sr. Division Crossing		1/1/2014		4.40	%		5,041		19
JP Comm Sr. Fort Union		1/1/2014		4.40	%		2,631		10
JP Comm Sr. Halsey Crossing		1/1/2014		4.40	%		2,467		9
JP Comm Sr. Orem Plaza Center St		1/1/2014		4.40	%		2,352		9
JP Comm Sr. Orem Plaza State St		1/1/2014		4.40	%		1,456		6
JP Comm Sr. Riverpointe Plaza		1/1/2014		4.40	%		3,643		14
JP Comm Sr. Riverside Plaza		1/1/2014		4.40	%		5,214		20
JP Comm Sr. Woodlands Village		1/1/2014		4.40	%		6,661		25
Knollwood		10/10/2017		5.35	%		39,051		180
Lakeside Mall		6/1/2016		4.28	%		175,201		646
Lakeview Square		3/1/2016		5.81	%		40,512		203
Lansing I		1/1/2014		9.35	%		22,574		179
Lincolnshire Commons		9/30/2016		5.98	%		27,810		143
Lynnhaven		7/6/2015		5.05	%		231,317		1,006
Maine		12/10/2016		4.84	%		210,894		878
Mall of Louisiana Mezz (*)		9/30/2017		6.40	%		59,903		330

34

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE VII — Continued
STATUS OF MORTGAGES PAYABLE FOR DEBTORS
(UNAUDITED)

								Interest Expense
						Total Debt Balance		Month Ended
Property	Maturity Date		Rate (a)			Month Ended August 31		August 31 (b)
						(Dollars in thousands)
Mall of Louisiana Note A		9/30/2017		5.46	%		116,297		547
Mall of Louisiana Note B		9/30/2017		5.92	%		53,453		272
Mall St Matthews Ltd Partnership		1/1/2014		4.81	%		140,830		583
Mall St Vincent		7/7/2014		6.30	%		49,000		266
Market Place		5/3/2017		6.05	%		105,292		548
Moreno Valley		9/11/2013		5.96	%		85,990		441
Newgate		4/1/2014		4.84	%		39,845		166
Newpark		8/2/2014		7.45	%		66,654		428
North Point		2/29/2016		5.48	%		211,131		997
North Star		1/4/2015		4.43	%		226,148		863
Northgate		9/1/2016		5.88	%		44,172		224
Northridge Fashion		12/30/2014		7.24	%		123,197		743
Oglethorpe		7/2/2015		4.89	%		137,898		581
Oviedo		5/7/2012		5.12	%		50,813		223
Oxmoor		12/2/2016		6.85	%		55,762		329
Park City Note A		4/1/2014		4.74	%		116,619		476
Park City Note B		4/1/2014		7.10	%		28,653		175
Park Place		1/11/2015		5.15	%		171,993		763
Peachtree		6/1/2015		5.08	%		87,444		383
Pecanland		1/1/2014		4.28	%		55,382		204
Piedmont		9/6/2016		5.98	%		33,280		171
Pine Ridge		12/4/2016		5.08	%		25,749		113
Prince Kuhio		1/1/2014		3.45	%		36,486		108
Providence Place 2		3/11/2015		5.03	%		247,353		1,070
Providence Place 3 (*)		3/11/2015		5.12	%		52,081		230
Providence Place 4 (*)		3/11/2015		5.93	%		34,197		175
Providence Place Pilot A1		7/1/2016		7.75	%		20,863		135
Providence Place Pilot A2		6/30/2028		7.75	%		24,011		155
Red Cliffs		12/4/2016		5.08	%		24,473		107
Regency Square		7/1/2015		3.59	%		90,573		280
Ridgedale		9/30/2016		4.86	%		173,714		727
River Hills		1/3/2018		6.14	%		79,476		420
RiverTown Junior Loan (*)		12/30/2014		8.36	%		15,473		108
RiverTown Senior Loan		12/30/2014		7.29	%		99,538		605
Rogue Valley		7/1/2014		7.85	%		25,790		174
Sikes Senter		6/1/2017		5.20	%		59,941		268
Sooner Fashion		1/3/2018		6.14	%		59,607		315
Southlake		12/1/2019		6.44	%		99,385		551
Southland		1/1/2014		3.62	%		78,489		245
Southland (RSE)		3/5/2010		4.97	%		106,089		454
St. Louis Galleria		1/3/2017		4.86	%		231,537		968
Staten Island 1		10/1/2015		5.09	%		84,504		365
Staten Island 2		10/1/2015		8.15	%		67,757		469
Staten Island 3		10/1/2015		5.61	%		124,324		581
Steeplegate Note A		8/1/2014		4.75	%		61,627		252
Steeplegate Note B		8/1/2014		5.78	%		14,238		71
Stonestown Note A		9/1/2017		5.85	%		155,008		781
Stonestown Note B		9/1/2017		5.65	%		59,762		291
The Boulevard		7/1/2018		4.27	%		104,291		384
The Crossroads (MI)		1/1/2014		7.40	%		38,741		247
The Woodlands Note A		6/12/2016		5.91	%		183,568		935
The Woodlands Note B		6/12/2016		5.91	%		54,574		278
Three Rivers		12/4/2016		5.08	%		20,964		92
Town East		1/1/2014		3.46	%		101,666		303
Tucson Mall		1/1/2014		4.26	%		113,626		417
Tucson Mall — Hyper Am		1/1/2014		4.26	%		3,890		14
Tysons Galleria — Note A		9/11/2017		5.69	%		221,686		1,085
Tysons Galleria — Note B		9/11/2017		6.00	%		31,261		162
Valley Hills		3/4/2016		4.73	%		55,279		225
Valley Plaza		1/10/2016		3.90	%		92,143		309
Victoria Ward (Village/Industrial/Gateway)		9/30/2016		5.61	%		87,771		424
Victoria Ward (Warehouse/Plaza)		10/6/2011		5.52	%		68,468		326
Village of Cross Keys		1/1/2014		7.04	%		9,336		55
Visalia		1/1/2014		3.78	%		39,632		129
Vista Ridge		4/10/2016		6.87	%		78,164		447
Ward Centre & Ward Entertainment		1/1/2014		4.33	%		56,659		211
Washington Park		3/31/2016		5.35	%		11,799		54
West Valley		1/1/2014		3.43	%		53,669		159
White Marsh		9/1/2017		5.62	%		185,990		871

35

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE VII — Continued
STATUS OF MORTGAGES PAYABLE FOR DEBTORS
(UNAUDITED)

									Interest Expense
						Total Debt Balance			Month Ended
Property	Maturity Date		Rate (a)			Month Ended August 31			August 31 (b)
						(Dollars in thousands)
Willowbrook Mall		6/30/2016		6.82	%		154,766			909
Woodbridge Corporation		6/1/2014		4.24	%		202,018			738
Unsecured Asset Loans:
GGPLP/GGPLPLLC Exchangable Debt (*)		4/15/2012		3.98	%		1,550,000			5,141
Public Indenture — Company Debt (*)		9/17/2012		7.20	%		400,000			2,400
Public Indenture — Senior Bond (*)		3/16/2009		3.63	%		395,000			1,193
Public Indenture 100 (*)		11/26/2013		5.38	%		100,000			448
Public Indenture 350 (*)		11/26/2013		5.38	%		350,000			1,568
Public Indenture Senior Note (*)		4/30/2009		8.00	%		200,000			1,333
Rouse Senior Notes (*)		5/1/2013		6.75	%		800,000			4,500
Fixed Rate Debt							16,187,178			74,174
Secured Asset Loans:
Bank Note — Animas Valley		7/11/2016		3.56	%		44,759			137
Bank Note — Birchwood Mall		7/11/2016		3.56	%		48,336			148
Bank Note — Cache Valley		7/11/2016		3.56	%		29,484			90
Bank Note — Colony Square		7/11/2016		3.56	%		29,061			89
Bank Note — Columbiana		7/11/2016		3.56	%		106,923			327
Bank Note — Fallen Timbers		7/11/2016		3.56	%		48,405			148
Bank Note — Foothills		7/11/2016		3.56	%		39,845			122
Bank Note — Grand Teton		7/11/2016		3.56	%		52,260			160
Bank Note — Mall at Sierra Vista		7/11/2016		3.56	%		24,037			74
Bank Note — Mall of the Bluffs		7/11/2016		3.56	%		26,688			82
Bank Note — Mayfair		7/11/2016		3.56	%		306,004			937
Bank Note — Mondawmin		7/11/2016		3.56	%		74,739			229
Bank Note — North Plains		7/11/2016		3.56	%		13,556			41
Bank Note — North Town Mall		7/11/2016		3.56	%		92,260			282
Bank Note — Oakwood		7/11/2016		3.56	%		84,047			257
Bank Note — Owings Mills		7/11/2016		3.56	%		24,954			76
Bank Note — Pierre Bossiere		7/11/2016		3.56	%		42,686			131
Bank Note — Pioneer Place		7/11/2016		3.56	%		162,540			498
Bank Note — Salem Center		7/11/2016		3.56	%		38,542			118
Bank Note — Silver Lake Mall		7/11/2016		3.56	%		13,471			41
Bank Note — Southwest Plaza		7/11/2016		3.56	%		109,575			335
Bank Note — Spring Hill		7/11/2016		3.56	%		54,194			166
Bank Note — Westwood Mall		7/11/2016		3.56	%		27,832			85
Bank Note — White Mountain		7/11/2016		3.56	%		10,914			33
Fashion Show		5/5/2017		3.31	%		642,640			1,829
Oakwood Center		6/1/2014		3.56	%		95,000			291
Palazzo		5/5/2017		3.31	%		248,356			707
Unsecured Asset Loans:
DIP (c)		3/16/2011		13.50	%		400,000			4,650
GGPLP/GGPLPLLC Revolver (*)		2/24/2010		1.56	%		590,000			790
GGPLP/GGPLPLLC Senior Term (*)		2/24/2010		1.56	%		1,987,500			2,661
TRUPS (*)(d)		4/30/2036		1.92	%		206,200			342
Variable Rate Debt							5,674,808			15,876
Total Debt — All Debtors						$	21,861,986	(e)	$	90,050

(a)	Reflects the variable contract rate as of August 31, 2010
(b)	All amounts for current period were paid as scheduled, except where noted (*).
(c)	Loan refinanced in July 2010.
(d)	Junior subordinated notes of GGPLP purchased by GGP Capital Trust I, a Non-Debtor Delaware statutory trust and wholly-owned subsidiary of GGPLP, with proceeds from the sale of trust preferred securities.
(e)	Excludes liabilities to special improvement districts, discount on GGPLP Exchangeable Debt, adjustments related to emergence from bankruptcy and purchase accounting mark-to-market adjustments.

36

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE VIII
CHAPTER 11 RETAINED PROFESSIONALS DETAIL
(UNAUDITED)

					Expense		Cash Paid
	Period Expense		Cash Paid		CumulativePost-Petition		Cumulative Post-Petition
	Month Ended		Month Ended		Period Ended		Period Ended
Name	August 31, 2010		August 31, 2010		August 31, 2010		August 31, 2010
	(In thousands)
Akin Gump Strauss Hauer & Feld, LLP	$	406	$	464	$	15,162	$	11,132
AlixPartners, LLP		1,498		3,164		24,687		16,681
Assessment Technologies		—		35		29		60
Baker & Daniels LLP		—		—		—		—
Bracewell Giuliani		—		187		2,012		1,465
Calvo & Clark LLP		—		—		—		—
Cantor Fitzgerald		345		396		1,375		396
Cushman & Wakefield		257		887		3,799		2,549
Deloitte & Touche LLP		328		—		6,168		3,219
Deloitte Tax LLP		52		—		930		464
Epiq Solutions		—		—		18		15
Ernst & Young LLP		66		37		1,221		808
FTI Consulting		—		40		3,484		2,541
Grant Thornton		—		1		26		17
Halperin Battaglia Raicht LLP		30		19		269		187
Hewitt Associates		—		78		586		78
Houlihan Lokey		1,043		225		14,108		3,066
Hughes Hubbard & Reed LLP		—		36		382		201
Jenner & Block		—		14		1,702		1,235
Kirkland & Ellis LLP (1)		—		—		27,894		19,272
KPMG LLP		—		—		70		60
Kurtzman Carson Consultants LLC		650		116		5,704		4,938
Miller Buckfire & Co LLC (1)		1,645		289		21,782		6,515
PricewaterhouseCoopers		20		62		329		205
Saul Ewing LLP		339		293		3,999		2,400
Silverstein & Pomerantz LLP		—		—		—		—
UBS Securities		2,824		—		14,592		—
Weil, Gotshal & Manges LLP (1)		3,478		2,757		49,252		30,377
Weitzman Group		—		71		134		71
Total	$	12,981	$	9,171	$	199,714	$	107,952
Professional Fees Summary (See Note 7)
Restructuring costs	$	12,129	$	8,511	$	184,563	$	100,135
General & administrative		800		1		12,626		3,176
Other(2)		52		659		2,525		4,641
Total	$	12,981	$	9,171	$	199,714	$	107,952

(1)

The amount paid to Miller Buckfire & Co LLC (“Miller Buckfire”) includes $4.0 million related to financing fees for the DIP Facility (see Note 1) which were capitalized. Additionally, the return of a retainer fee from Miller Buckfire, Kirkland & Ellis, and Weil to GGP of $1.3 million, $0.6 million, and $0.6 million from each Firm, respectively, is also included in cash payments as a refund in the cash paid cumulative post-petition amounts.

(2)

The amounts included in Other Professional Fees relate to expenses incurred for Retained Professionals not classified as restructuring or general & administrative costs.

37

GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

SCHEDULE IX
NON-NOTICED ASSET CONVEYANCES
AND AUTHORIZED DE MINIMIS SALES FOR
THE MONTH ENDED AUGUST 31, 2010

		Date andTransaction
Debtor	Property	Description	Counterparty	Consideration
				(In thousands)
GGP Natick Residence LLC	Condominium Unit #447 Natick, MA	Condominium Unit Sale 8/10/10	Blanca Alvarez and Marcella Behman	$	285
GGP Natick Residence LLC	Condominium Unit #821 Natick, MA	Condominium Unit Sale 8/13/10	Elizabeth Packer	$	405
GGP Natick Residence LLC	Condominium Unit #731 Natick, MA	Condominium Unit Sale 8/24/10	Daniel Colwell and Moacyr Santizo	$	390
GGP Natick Residence LLC	Condominium Unit - 2, Village Rock, Lane 4, Natick, MA	Condominium Unit Sale 8/25/10	Mona LaLanne	$	135
GGP Natick Residence LLC	Condominium Unit #908 Natick, MA	Condominium Unit Sale 8/3/10	Jiznxin Wang and Suyun Ding	$	365
GGP Natick Residence LLC	Condominium Unit #207 Natick, MA	Condominium Unit Sale 8/30/10	Chia-Wen Liang	$	355
GGP Natick Residence LLC	Condominium Unit #721 Natick, MA	Condominium Unit Sale 8/31/10	Parag Patel	$	402
GGP Natick Residence LLC	Condominium Unit #641 Natick, MA	Condominium Unit Sale 8/31/10	Daraga Tanchookiat	$	508
GGP Natick Residence LLC	Condominium Unit #805 Natick, MA	Condominium Unit Sale 8/31/10	Aris Pappas	$	491
Summerlin	Village 18, Azure at the Ridges	Custom Lot 32 (Closed) 8/9/10	Panek Trust	$	499
Summerlin	Village 18, Azure at the Ridges	Custom Lot 32 (Closed) 8/9/10	Panek Trust	$	499
Victoria Ward, Limited	Ward Village Shops	7/28/10 — Right of Entry for construction of intersection improvements. Includes agreement to convey area of intersection improvements (750 square feet) when Land Court process required for conveyance has been completed	Hawaii Community Development Authority	None

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GENERAL GROWTH PROPERTIES, INC.
Combined Debtors Monthly Operating Report
CASE NO. 09-11977 (Jointly Administered)

Reporting Period: August 31, 2010

SCHEDULE X
DEBTORS QUESTIONNAIRE*

		Yes	No
1	Have any assets been sold or transferred outside the normal course of business this reporting period?		X
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		X
3	Is the Debtor delinquent in the timely filing of any post-petition tax returns?		X
4	Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		X
5	Is the Debtor delinquent in paying any insurance premium payment?		X
6	Have any payments been made on pre-petition liabilities this reporting period?	X(1)
7	Are any post petition receivables (accounts, notes or loans) due from related parties?	X(2)
8	Are any post petition payroll taxes past due?		X
9	Are any post petition State or Federal income taxes past due?		X
10	Are any post petition real estate taxes past due?		X
11	Are any other post petition taxes past due?		X
12	Have any pre-petition taxes been paid during this reporting period?		X
13	Are any amounts owed to post petition creditors delinquent?		X
14	Are any wage payments past due?		X
15	Have any post petition loans been received by the Debtor from any party?	X(3)
16	Is the Debtor delinquent in paying any U.S. Trustee fees?		X
17	Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		X
18	Have the owners or shareholders received any compensation outside of the normal course of business?		X

*	Unless otherwise indicated, answer is for the combined group of Debtors (see Note 1).
(1)	An aggregate of $4.8 million has been paid in the reporting period by or on behalf of the Debtors with respect to pre-petition liabilities as approved by the Bankruptcy Court. Such disbursements have been for employee salaries, commissions and reimbursements and for other services rendered pre-petition.
(2)	The net change in the aggregate Debtors intercompany accounts with affiliated non-debtors for the period was an increase in the amounts due to Non-Debtors of $72.2 million.
(3)	As previously described in Note 6 of the May 2009 MOR, which description is incorporated into this response by reference, the DIP Term Loan of $400 million was funded on May 15, 2009. On July 23, 2010, GGP, pursuant to an authorizing order from the Bankruptcy Court, entered into the New DIP Facility to refinance the DIP Term Loan.

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