Exhibit 21
                                                                      ----------

                        GENERAL GROWTH PROPERTIES, INC.

                              LIST OF SUBSIDIARIES


General Growth Properties, Inc. has a controlling interest in the following
- ---------------------------------------------------------------------------
entities:
- --------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  CENTURY PLAZA, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  COASTLAND CENTER, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  EAGLE RIDGE MALL, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  EDEN PRAIRIE MALL, INC.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH BAYBROOK MALL, INC.                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH - WESTLAKE (GP), INC.                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP 110, INC.                                                            DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP ALA MOANA, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-LAKEVIEW SQUARE, INC.                                                DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-LANSING MALL, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-SOUTH SHORE PARTNERS, INC.                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
  GRANDVILLE MALL, INC.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  KALAMAZOO MALL, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  KNOLLWOOD MALL, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  MALL ST. VINCENT, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  MARKET PLACE OUTPARCEL, INC.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  MSAB HOLDINGS, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  OKLAHOMA MALL, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  PIERRE BOSSIER MALL, INC.                                                DELAWARE
- ---------------------------------------------------------------------------------------------------
  SPRING HILL MALL, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  ST. CLOUD MALL, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  TOWN EAST MALL, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  TRACY MALL, INC.                                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  VALLEY HILLS MALL, INC.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------

- ---------------------------------------------------------------------------------------------------
GENERAL GROWTH FINANCE SPE, INC.                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
GGP LIMITED PARTNERSHIP                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
===================================================================================================



General Growth Finance SPE, Inc. has a controlling interest in the following
- ----------------------------------------------------------------------------
entities:
- --------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  CHAMPAIGN MARKET PLACE, INC.                                            DELAWARE
- ---------------------------------------------------------------------------------------------------
  FALLBROOK SQUARE, INC.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-WESTWOOD MALL, INC.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  SOUTHLAKE MALL, INC.                                                    DELAWARE
===================================================================================================




GGP Limited Partnership has a controlling interest in the following entities:
- ----------------------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  DAYJAY ASSOCIATES (50% ownership)                                        OKLAHOMA
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH - WESTLAKE, L.P.                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-JORDAN CREEK L.L.C.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  GG DR, L.L.C.                                                            ILLINOIS
- ---------------------------------------------------------------------------------------------------
  GGP 110 HOLDING L.L.C.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP 110 L.L.C.                                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
  MALL ST. VINCENT, L.P.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  MSAB HOLDINGS L.L.C.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  NORTHWEST OHIO MALL L.L.C.                                               DELAWARE
- ---------------------------------------------------------------------------------------------------
  OKLAHOMA MALL L.L.C.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  ST. CLOUD MALL L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  TOWN EAST MALL PARTNERSHIP                                                TEXAS
  (50% ownership)
- ---------------------------------------------------------------------------------------------------
  TOWN EAST MALL, L.P.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  WESTLAKE RETAIL ASSOCIATES, LTD.                                          TEXAS
  (50% ownership)
- ---------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------

GGPLP L.L.C.                                                               DELAWARE
- ---------------------------------------------------------------------------------------------------
GGP HOLDING, INC.                                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
GGP IVANHOE, INC.                                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
GGP IVANHOE III, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
GENERAL GROWTH MANAGEMENT, INC.                                            DELAWARE
===================================================================================================



GGPLP L.L.C. has a controlling interest in the following entities:
- -----------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  BAKERSFIELD MALL LLC                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  BAYBROOK MALL, L.P.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  BAY SHORE MALL I L.L.C.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  BAY SHORE MALL PARTNERS                                                 CALIFORNIA
- ---------------------------------------------------------------------------------------------------
  BAY SHORE MALL II L.L.C.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  BELLIS FAIR PARTNERS                                                    WASHINGTON
- ---------------------------------------------------------------------------------------------------
  BIRCHWOOD MALL PARTNERS L.L.C.                                           MICHIGAN
- ---------------------------------------------------------------------------------------------------
  BOSSIER OUTPARCEL, L.P.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  BOULEVARD MALL I LLC                                                      NEVADA
- ---------------------------------------------------------------------------------------------------
  BOULEVARD MALL II LLC                                                     NEVADA
- ---------------------------------------------------------------------------------------------------
  BOULEVARD ASSOCIATES                                                      NEVADA
- ---------------------------------------------------------------------------------------------------
  CAPITAL MALL L.L.C.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  CENTURY PLAZA L.L.C.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  CHAMPAIGN MARKET PLACE L.L.C.                                            DELAWARE
- ---------------------------------------------------------------------------------------------------
  CHAPEL HILLS MALL L.L.C.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  COASTLAND CENTER, L.P.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  COLONY SQUARE MALL L.L.C.                                                DELAWARE
- ---------------------------------------------------------------------------------------------------
  COLUMBIA MALL L.L.C.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  EAGLE RIDGE MALL, L.P.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  EDEN PRAIRIE MALL L.L.C.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  FALLBROOK SQUARE PARTNERS LIMITED PARTNERSHIP                           CALIFORNIA
- ---------------------------------------------------------------------------------------------------
  FALLBROOK SQUARE PARTNERS L.L.C.                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  FALLBROOK SQUARE PARTNERS II, L.P.                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  FOX RIVER SHOPPING CENTER L.L.P.                                        WISCONSIN
- ---------------------------------------------------------------------------------------------------
  GATEWAY MALL PARTNERS                                                  SOUTH DAKOTA
- ---------------------------------------------------------------------------------------------------
  GGP ALA MOANA HOLDINGS L.L.C.                                            DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP ALA MOANA L.L.C.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-GRANDVILLE L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  GRAND TRAVERSE MALL PARTNERS                                               IOWA
- ---------------------------------------------------------------------------------------------------
  KALAMAZOO MALL L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  KNOLLWOOD COMPANY, L.P.                                                 MINNESOTA
- ---------------------------------------------------------------------------------------------------
  LAKEVIEW SQUARE LIMITED PARTNERSHIP                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  LANSING MALL LIMITED PARTNERSHIP                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  LOCKPORT L.L.C.                                                          NEW YORK
- ---------------------------------------------------------------------------------------------------
  MALL OF THE BLUFFS PARTNERS L.L.C.                                         IOWA
- ---------------------------------------------------------------------------------------------------
  MARKET PLACE OUTPARCEL L.L.C.                                            DELAWARE
- ---------------------------------------------------------------------------------------------------
  OAKWOOD HILLS MALL PARTNERS L.L.P.                                      WISCONSIN
- ---------------------------------------------------------------------------------------------------
  PARK MALL L.L.C.                                                         DELAWARE
===================================================================================================





===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  PIEDMONT MALL PARTNERS                                                   ILLINOIS
- ---------------------------------------------------------------------------------------------------
  PIERRE BOSSIER MALL, L.P.                                                DELAWARE
- ---------------------------------------------------------------------------------------------------
  PINES MALL PARTNERS                                                        IOWA
- ---------------------------------------------------------------------------------------------------
  RIO WEST L.L.C.                                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
  RIVER HILLS MALL L.L.P.                                                 MINNESOTA
- ---------------------------------------------------------------------------------------------------
  RIVER FALLS MALL PARTNERS                                                  IOWA
- ---------------------------------------------------------------------------------------------------
  ROCHESTER MALL LLC                                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  SOONER FASHION MALL L.L.C.                                               DELAWARE
- ---------------------------------------------------------------------------------------------------
  SOUTH SHORE PARTNERS, L.P.                                              WASHINGTON
- ---------------------------------------------------------------------------------------------------
  SOUTHLAKE MALL L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  SOUTHWEST DENVER LAND L.L.C.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  SOUTHWEST PLAZA L.L.C.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  SPRING HILL MALL L.L.C.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  TRACY MALL PARTNERS I L.L.C.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  TRACY MALL PARTNERS, L.P.                                                DELAWARE
- ---------------------------------------------------------------------------------------------------
  TRACY MALL PARTNERS II, L.P.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  VALLEY HILLS MALL L.L.C.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  WESTWOOD LAND L.L.C.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  WESTWOOD MALL LIMITED PARTNERSHIP                                        DELAWARE
===================================================================================================




GGP Holding, Inc. has a controlling interest in the following entities:
- ----------------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  BAKERSFIELD MALL, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  BEXAR MCCRELESS CORP.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  BOULEVARD MALL, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  CALEDONIAN HOLDING COMPANY, INC.                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  DELTA INVESTMENTS LTD.                                                    NEVADA
- ---------------------------------------------------------------------------------------------------
  GGP AMERICAN HOLDINGS INC.                                               DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP AMERICAN PROPERTIES INC.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  HAWKEYE PROPERTIES, INC.                                                  NEVADA
- ---------------------------------------------------------------------------------------------------
  JPT LIMITED                                                               NEVADA
- ---------------------------------------------------------------------------------------------------
  LA PLACE SHOPPING CORP.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  MJ, INC.                                                                  NEVADA
- ---------------------------------------------------------------------------------------------------
  MJF INVESTMENTS CORPORATION                                               NEVADA
- ---------------------------------------------------------------------------------------------------
  PACIFIC REALTY INC.                                                       NEVADA
- ---------------------------------------------------------------------------------------------------
  PARIS PROPERTIES INC.                                                     NEVADA
===================================================================================================





===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
- ---------------------------------------------------------------------------------------------------
  RASCAP REALTY, LTD.                                                      NEW YORK
- ---------------------------------------------------------------------------------------------------
  RS PROPERTIES, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  STERLING FINANCIAL LTD.                                                   NEVADA
- ---------------------------------------------------------------------------------------------------
  U.K. AMERICAN PROPERTIES, INC.                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
  U.K.-LASALLE, INC.                                                       DELAWARE
===================================================================================================




GGP Ivanhoe, Inc. has a controlling interest in the following entities:
- ----------------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  OAKS MALL GAINESVILLE
  LIMITED PARTNERSHIP                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  OAKS MALL GAINESVILLE II, INC.                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
  WESTROADS MALL L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  WESTROADS MALL II, INC.                                                  DELAWARE
===================================================================================================




GGP Ivanhoe III, Inc. has a controlling interest in the following entities:
- --------------------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  CHATTANOOGA MALL, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  EASTRIDGE SHOPPING CENTER, INC.                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
  EASTRIDGE SHOPPING CENTER L.L.C.                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH OAK VIEW MALL, INC.                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP SAVANNAH L.L.C.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP IVANHOE II, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  NORTHGATE MALL L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  OAKVIEW MALL L.L.C.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  OGLETHORPE MALL, INC.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  OGLETHORPE MALL L.L.C.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  LANCASTER TRUST                                                          ILLINOIS
- ---------------------------------------------------------------------------------------------------
  LANDMARK MALL, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  LANDMARK MALL L.L.C.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  MAYFAIR PROPERTY INC.                                                    DELAWARE
===================================================================================================





===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  PARCITY, INC.                                                            NEW YORK
- ---------------------------------------------------------------------------------------------------
  PC LANCASTER, INC.                                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  PARCIT-IIP LANCASTER VENTURE                                             ILLINOIS
===================================================================================================




General Growth Management, Inc. has a controlling interest in the following
- ---------------------------------------------------------------------------
entities:
- --------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  GGMI MALLIBU, INC.                                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGMI NATIONAL MALL NETWORK, INC.                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP CONTRACTOR, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP LH HOLDINGS L.L.C.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. -                                                  DELAWARE
  CONNECTICUT
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. - FLORIDA                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. - GEORGIA                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. - HAWAII                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. - ILLINOIS                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. - MINNESOTA                                        DELAWARE
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. -                                                  DELAWARE
  PENNSYLVANIA
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. - TEXAS                                             TEXAS
- ---------------------------------------------------------------------------------------------------
  HOMART MANAGEMENT CO. - WEST                                             DELAWARE
  VIRGINIA
- ---------------------------------------------------------------------------------------------------
  NATIONAL MALL NETWORK LLC                                                DELAWARE
===================================================================================================




GGP Limited Partnership has a 50% interest in the following entities:
- --------------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
GGP/HOMART, INC.                                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
GGP/HOMART II, L.L.C.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
===================================================================================================



GGP/Homart, Inc. has a controlling interest in the following entities:
- ---------------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  ALAMEDA MALL ASSOCIATES                                                  ILLINOIS
- ---------------------------------------------------------------------------------------------------
  ALAMEDA MALL L.L.C.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  BAY CITY MALL ASSOCIATES                                                 MICHIGAN
- ---------------------------------------------------------------------------------------------------
  C.V. CENTER L.L.C.                                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  EAST MESA ASSOCIATES (33 1/3% ownership)                                 ARIZONA
- ---------------------------------------------------------------------------------------------------
  EAST MESA LAND PARTNERSHIP                                               ARIZONA
   (50% ownership)
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH WOODLANDS ONE, INC.                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH WOODLANDS TWO, INC.                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-ARROWHEAD, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-BAY CITY ONE, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-BAY CITY TWO, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-BRASS MILL, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-BUCKLAND HILLS ONE, INC.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-BUCKLAND HILLS TWO, INC.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-BUCKLAND HILLS THREE, INC.                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-CHANDLER, INC.                                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-CHINO HILLS, INC.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-CONCORD LAND CO., INC.                                               DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-DEERBROOK ONE, INC.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-DEERBROOK TWO, INC.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-DEERBROOK, L.P.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP GENERAL I, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP GENERAL II, INC.                                                     DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP/H HOLDING, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-LAKELAND SQUARE, INC.                                                DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-LAKELAND SQUARE II, INC.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-MERIDEN SQUARE, INC.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-MORENO VALLEY, INC.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-NAUGATUCK VALLEY, INC.                                               DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-NESHAMINY, INC.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-NEWPARK, INC.                                                        DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-NEWPARK L.L.C.                                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-NORTH POINT, INC.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-PARKS AT ARLINGTON ONE, INC.                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-PARKS AT ARLINGTON TWO, INC.                                         DELAWARE
===================================================================================================





===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  GGP-PEMBROKE LAKES, INC.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-PEMBROKE LAKES II, INC.                                              DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-ROLLING OAKS, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-SHAVANO PARK, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-SPRING CREEK, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-STEEPLEGATE, INC.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-SUPERSTITION SPRINGS, INC.                                           DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-VISTA RIDGE, INC.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-VISTA RIDGE ASSOCIATES, L.P.                                         DELAWARE
- ---------------------------------------------------------------------------------------------------
  GGP-WOODLANDS, L.P.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  H-D LAKELAND MALL JOINT VENTURE                                          FLORIDA
- ---------------------------------------------------------------------------------------------------
  HO RETAIL PROPERTIES I LIMITED                                           ILLINOIS
  PARTNERSHIP
- ---------------------------------------------------------------------------------------------------
  HO RETAIL PROPERTIES II LIMITED                                          ILLINOIS
  PARTNERSHIP
- ---------------------------------------------------------------------------------------------------
  NESHAMINY MALL JOINT VENTURE LIMITED                                     ILLINOIS
  PARTNERSHIP (50% ownership)
- ---------------------------------------------------------------------------------------------------
  NEWGATE MALL L.L.C.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  NEWPARK MALL L.L.C.                                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  NEW RIVER ASSOCIATES (33 1/3% ownership)                                 ARIZONA
- ---------------------------------------------------------------------------------------------------
  PARKS AT ARLINGTON, L.P.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  PAVILIONS AT BUCKLAND HILLS L.L.C.                                       DELAWARE
- ---------------------------------------------------------------------------------------------------
  PEMBROKE LAKES MALL LTD.                                                 FLORIDA
- ---------------------------------------------------------------------------------------------------
  PRINCE KUHIO PLAZA, INC.                                                 DELAWARE
- ---------------------------------------------------------------------------------------------------
  SIMON HOMART SHAVANO MALL                                                 TEXAS
  PARTNERSHIP (50% ownership)
- ---------------------------------------------------------------------------------------------------
  SPECTRUM CENTER ASSOCIATES                                              CALIFORNIA
  (50% ownership)
- ---------------------------------------------------------------------------------------------------
  SPRING CREEK MALL ASSOCIATES                                             COLORADO
  (50% ownership)
- ---------------------------------------------------------------------------------------------------
  THE WOODLANDS MALL ASSOCIATES                                            DELAWARE
  (50% ownership)
- ---------------------------------------------------------------------------------------------------
  TYSONS GALLERIA L.L.C.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  VISTA RIDGE ASSOCIATES, LTD.                                              TEXAS
- ---------------------------------------------------------------------------------------------------
  VISTA RIDGE JOINT VENTURE                                                 TEXAS
- ---------------------------------------------------------------------------------------------------
  VISTA RIDGE MALL, INC.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  WEST OAKS MALL TRUST                                                     DELAWARE
===================================================================================================



GGP/Homart II, L.L.C. has a controlling interest in the following entities:
- --------------------------------------------------------------------------




===================================================================================================

                                                                           STATE OF
ENTITY                                                             INCORPORATION/FORMATION
- ---------------------------------------------------------------------------------------------------
                                                               
  ALDERWOOD MALL L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  ALTAMONTE MALL VENTURE                                                   FLORIDA
- ---------------------------------------------------------------------------------------------------
  ALTAMONTE SPRINGS MALL L.L.C.                                            DELAWARE
- ---------------------------------------------------------------------------------------------------
  ALTAMONTE SPRINGS MALL, L.P.                                             DELAWARE
- ---------------------------------------------------------------------------------------------------
  ALTAMONTE SPRINGS MALL II, L.P.                                          DELAWARE
- ---------------------------------------------------------------------------------------------------
  CAROLINA PLACE L.L.C.                                                    DELAWARE
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH PROPERTIES-NATICK                                         DELAWARE
  LIMITED PARTNERSHIP
- ---------------------------------------------------------------------------------------------------
  GENERAL GROWTH PROPERTIES-NATICK II,                                     DELAWARE
  INC.
- ---------------------------------------------------------------------------------------------------
  GGP - NATICK TRUST                                                    MASSACHUSETTS
- ---------------------------------------------------------------------------------------------------
  MONTCLAIR PLAZA L.L.C.                                                   DELAWARE
- ---------------------------------------------------------------------------------------------------
  NORTHBROOK COURT L.L.C.                                                  DELAWARE
- ---------------------------------------------------------------------------------------------------
  NORTHBROOK COURT I L.L.C.                                                DELAWARE
- ---------------------------------------------------------------------------------------------------
  NORTHBROOK COURT II L.L.C.                                               DELAWARE
- ---------------------------------------------------------------------------------------------------
  STONEBRIAR MALL LIMITED PARTNERSHIP                                      DELAWARE
- ---------------------------------------------------------------------------------------------------
  STONEBRIAR MALL (GP) L.L.C.                                              DELAWARE
- ---------------------------------------------------------------------------------------------------
  WESTCOAST ESTATES                                                       CALIFORNIA
===================================================================================================