Rouse Properties was a
real estate investment trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...
headquartered in
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
. The company owned 35 shopping malls in 22 states encompassing approximately 24.5 million square feet of retail space.
History
In 2011,
General Growth Properties
GGP Inc. (an initialism of General Growth Properties) was an American commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin, Matthew and Maurice Bucksbaum in Cedar Ra ...
announced that it would
spin off a portfolio of 30 shopping malls as a new company named Rouse Properties.
The name was taken from the
Rouse Company
The Rouse Company, founded by Hunter Moss and James W. Rouse in 1939, was a publicly held shopping mall and community developer from 1956 until 2004, when General Growth Properties (GGP) purchased the company.
Beginnings - Moss-Rouse Company
T ...
, which GGP had acquired in 2004.
The portfolio comprised most of GGP's Class B shopping centers (malls located in smaller cities, and second-tier malls in larger cities), allowing GGP to focus on its higher-performing properties. The spin-off was completed on January 12, 2012.
In February 2012, the company acquired
Grand Traverse Mall
Grand Traverse Mall is an enclosed shopping mall serving Traverse City, Michigan, located in Garfield Township. Opened in 1992, the mall features five anchor stores: JCPenney, Target, Dunham's Sports, TJ Maxx, and Macy's. It is managed by Brookfie ...
for $66 million.
In January 2013, the company acquired
The Mall at Turtle Creek
The Mall at Turtle Creek is an enclosed shopping mall in Jonesboro, Arkansas, that closed in 2020 due to tornado damage. Currently, the only stores in operation at the property are JCPenney, Dillard's and Target. All four bus routes of the Jon ...
in
Jonesboro, Arkansas
Jonesboro is a city located on Crowley's Ridge in the northeastern corner of the U.S. State of Arkansas. Jonesboro is one of two county seats of Craighead County. According to the 2020 Census, the city had a population of 78,576 and is the f ...
for $96 million.
In May 2014, the company began a $40 million renovation of
NewPark Mall
NewPark Mall is a super-regional mall in Newark, California. Opened in August 1980, it currently houses 119 stores. It serves the Tri-City area ( Fremont, Newark and Union City). The mall underwent extensive renovations that were completed in ear ...
in
Newark, California
Newark is a city in Alameda County, California, United States. It was incorporated as a city in September 1955. Newark is an enclave, surrounded by the city of Fremont. The three cities of Newark, Fremont, and Union City make up the Tri-City ...
.
In March 2015, the company defaulted a loan secured by
Vista Ridge Mall Formerly
Music City Mall, originally Vista Ridge Mall, is a shopping mall in Lewisville, Texas, United States, owned and managed by 1000 South Vermont LLC. Opened in 1989, it is located on the southwest corner of Round Grove Road and the portion o ...
in
Lewisville, Texas
Lewisville ( ) is a city in the U.S. state of Texas, predominantly within Denton County with a small part lying within Dallas County. As a suburban community within the Dallas–Fort Worth metroplex, the 2020 census tabulated a population of 111 ...
.
In November 2015, the company acquired
The Shoppes at Carlsbad
The Shoppes at Carlsbad is a shopping mall in Carlsbad, California. The mall was originally named Plaza Camino Real when it was built in 1969, but was rebranded several times when it was a Westfield Holdings property (1994-2015). Its anchor store ...
in
Carlsbad, California
Carlsbad is a coastal city in the North County region of San Diego County, California, United States. The city is south of downtown Los Angeles and north of downtown San Diego. As of the 2020 census, the population of the city was 114,746. ...
.
In 2016,
Brookfield Asset Management
Brookfield Asset Management Inc. is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct contr ...
, which owned 33 percent of Rouse Properties, made an unsolicited offer to purchase the rest of the company. A purchase agreement was eventually reached, valuing the company at $2.8 billion. Brookfield's acquisition of Rouse Properties was completed on July 6, 2016.
In 2018, Brookfield also acquired GGP. Ultimately the Rouse Properties brand was absorbed into
Brookfield Properties
Brookfield Properties is a North American subsidiary of commercial real estate company Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Asset Management. It is responsible for the pro ...
.
Properties
*
Animas Valley Mall
Animas Valley Mall is an enclosed regional center shopping mall in Farmington, New Mexico. Its anchors are Dillard's, JCPenney, Ross, and Animas Cinema 10.
The mall is the largest shopping center in the Four Corners region.
History
The mall ...
—
Farmington, New Mexico
Farmington is a city in San Juan County in the U.S. state of New Mexico. As of the 2020 census the city had a total population of 46,624 people. Farmington (and surrounding San Juan County) makes up one of the four Metropolitan Statistical Area ...
*
Bayshore Mall
Bayshore Mall is an indoor shopping mall in Eureka, California. It is named for its close proximity to Humboldt Bay. The large shopping facility is the only major mall located on the coast north of the San Francisco Bay Area, securing Eureka as ...
—
Eureka, California
Eureka (Wiyot: ''Jaroujiji'', Hupa: ''do'-wi-lotl-ding'', Karuk: ''uuth'') is the principal city and county seat of Humboldt County in the Redwood Empire region of California. The city is located on U.S. Route 101 on the shores of Humboldt ...
*
Bel Air Mall
The Shoppes at Bel Air, formerly Bel Air Mall, is a super-regional shopping mall, located in Mobile, Alabama, United States. The mall has a gross leasable area of . It is the oldest continuously operating enclosed super-regional mall in Alabama ...
—
Mobile, Alabama
Mobile ( , ) is a city and the county seat of Mobile County, Alabama, United States. The population within the city limits was 187,041 at the 2020 United States census, 2020 census, down from 195,111 at the 2010 United States census, 2010 cens ...
*
Birchwood Mall
Birchwood Mall is an enclosed shopping mall located in Fort Gratiot Township, outside the city of Port Huron, Michigan, United States. The Mall features more than 100 stores and a food court. The mall's anchor stores are CubeSmart, Dunham's Spor ...
—
Fort Gratiot Township, Michigan
*
Cache Valley Mall
Cache Valley Mall is a shopping mall located in Logan, Utah that opened in 1976. The mall has no anchors, with three vacant anchors last occupied by C-A-L Ranch, Herberger's and JCPenney. The mall is owned by Namdar Realty Group.
History
The ma ...
—
Logan, Utah
Logan is a city in Cache County, Utah, United States. The 2020 census recorded the population was 52,778. Logan is the county seat of Cache County and the principal city of the Logan metropolitan area, which includes Cache County and Franklin ...
*
Centre at Salisbury —
Salisbury, Maryland
Salisbury () is a city in and the county seat of Wicomico County, Maryland, Wicomico County, Maryland, United States, and the largest city in Eastern Shore of Maryland, the state's Eastern Shore region. The population was 33,050 at the 2020 United ...
*
Chesterfield Towne Center
Chesterfield Towne Center is an enclosed shopping mall located in the Richmond, Virginia metropolitan area in unincorporated Chesterfield County, Virginia. It opened in 1975 and features five anchor stores: At Home, JCPenney, Macy's, and a combi ...
—
Chesterfield, Virginia
Chesterfield is an unincorporated community that is the county seat of Chesterfield County, Virginia, United States. It was a census-designated place (CDP) at the 2020 census. It was not delineated as a CDP for the 2010 census. The Chesterfield ...
*
Chula Vista Center
Chula Vista Center is an outdoor shopping mall in Chula Vista, California. Opened in 1962, it features Burlington Coat Factory, JCPenney, and Macy's, with one vacant anchor last occupied by Sears. It is owned and managed by Brookfield Properties.
...
—
Chula Vista, California
Chula Vista (; ) is the second-largest city in the San Diego metropolitan area, the Largest cities in Southern California, seventh largest city in Southern California, the List of largest California cities by population, fifteenth largest city ...
* Fig Garden Village —
Fresno, California
Fresno () is a major city in the San Joaquin Valley of California, United States. It is the county seat of Fresno County and the largest city in the greater Central Valley region. It covers about and had a population of 542,107 in 2020, makin ...
*
Gateway Mall —
Springfield, Oregon
Springfield is a city in Lane County, Oregon, United States. Located in the Southern Willamette Valley, it is within the Eugene-Springfield Metropolitan Statistical Area. Separated from Eugene to the west, mainly by Interstate 5, Springfield ...
*
Grand Traverse Mall
Grand Traverse Mall is an enclosed shopping mall serving Traverse City, Michigan, located in Garfield Township. Opened in 1992, the mall features five anchor stores: JCPenney, Target, Dunham's Sports, TJ Maxx, and Macy's. It is managed by Brookfie ...
—
Traverse City, Michigan
Traverse City ( ) is a city in the U.S. state of Michigan. It is the county seat of Grand Traverse County, although a small portion extends into Leelanau County. It is the largest city in the 21-county Northern Michigan region. The population was ...
*
Greenville Mall —
Greenville, North Carolina
Greenville is the county seat of and the most populous city in Pitt County, North Carolina, Pitt County, North Carolina, United States; the principal city of the Greenville, North Carolina metropolitan area, Greenville metropolitan area; and th ...
*
Independence Mall —
Wilmington, North Carolina
Wilmington is a port city in and the county seat of New Hanover County in coastal southeastern North Carolina, United States.
With a population of 115,451 at the 2020 census, it is the eighth most populous city in the state. Wilmington is the ...
*
Lakeland Square Mall
Lakeland Square Mall is a shopping mall located on the northern side of Lakeland, Florida. It is one of two enclosed malls serving Polk County and the only shopping mall located off of I-4 between Tampa and Orlando. It is currently anchored by D ...
—
Lakeland, Florida
Lakeland is the most populous city in Polk County, Florida, part of the Tampa Bay Area, located along Interstate 4 east of Tampa. According to the 2020 U.S. Census Bureau release, the city had a population of 112,641. Lakeland is a principal c ...
*
Lansing Mall
Lansing Mall is an enclosed shopping mall located in Delta Charter Township, Michigan, United States, just outside Lansing, the state capital of Michigan. Opened in July 1969, the same year as its crosstown competitor Meridian Mall, Lansing Mall c ...
—
Lansing, Michigan
Lansing () is the capital of the U.S. state of Michigan. It is mostly in Ingham County, although portions of the city extend west into Eaton County and north into Clinton County. The 2020 census placed the city's population at 112,644, making ...
*
The Mall at Barnes Crossing —
Tupelo, Mississippi
Tupelo () is a city in and the county seat of Lee County, Mississippi, United States. With an estimated population of 38,300, Tupelo is the sixth-largest city in Mississippi and is considered a commercial, industrial, and cultural hub of North M ...
*
The Mall at Sierra Vista
The Mall at Sierra Vista is an indoor shopping center in Sierra Vista, Arizona, United States owned and managed by Kohan Retail Investment Group. It was constructed during the late 1990s. Sierra Vista was one of the fastest-growing communities i ...
—
Sierra Vista, Arizona
Sierra Vista is a city in Cochise County, Arizona, United States. According to the 2020 Census, the population of the city is 45,308, and is the 27th most populous city in Arizona. The city is part of the Sierra Vista-Douglas Metropolitan Are ...
*
The Mall at Turtle Creek
The Mall at Turtle Creek is an enclosed shopping mall in Jonesboro, Arkansas, that closed in 2020 due to tornado damage. Currently, the only stores in operation at the property are JCPenney, Dillard's and Target. All four bus routes of the Jon ...
—
Jonesboro, Arkansas
Jonesboro is a city located on Crowley's Ridge in the northeastern corner of the U.S. State of Arkansas. Jonesboro is one of two county seats of Craighead County. According to the 2020 Census, the city had a population of 78,576 and is the f ...
*
Mall St. Vincent —
Shreveport, Louisiana
Shreveport ( ) is a city in the U.S. state of Louisiana. It is the third most populous city in Louisiana after New Orleans and Baton Rouge, respectively. The Shreveport–Bossier City metropolitan area, with a population of 393,406 in 2020, is t ...
*
Monmouth Mall
Monmouth Mall is an enclosed split level shopping center in Eatontown, New Jersey located on the corner of the intersection of NJ 35, NJ 36, and Wyckoff Road ( Route 547). It is owned Kushner Companies and managed by Westminster Management. Th ...
—
Eatontown, New Jersey
Eatontown is a borough in Monmouth County, in the U.S. state of New Jersey. As of the 2010 Census, the borough's population was 12,709,[Redding, California
Redding is the economic and cultural capital of the Shasta Cascade region of Northern California and the county seat of Shasta County. Redding lies along the Sacramento River, north of Sacramento, and south of California's northern border wi ...]
*
NewPark Mall
NewPark Mall is a super-regional mall in Newark, California. Opened in August 1980, it currently houses 119 stores. It serves the Tri-City area ( Fremont, Newark and Union City). The mall underwent extensive renovations that were completed in ear ...
—
Newark, California
Newark is a city in Alameda County, California, United States. It was incorporated as a city in September 1955. Newark is an enclave, surrounded by the city of Fremont. The three cities of Newark, Fremont, and Union City make up the Tri-City ...
*
North Plains Mall —
Clovis, New Mexico
Clovis is a city in and the county seat of Curry County, New Mexico, Curry County, New Mexico. The city had a population of 37,775 as of the 2010 United States Census, 2010 census, and a 2019 estimated population of 38,319. Clovis is located in th ...
*
Pierre Bossier Mall —
Bossier City, Louisiana
Bossier City ( ) is a city in Bossier Parish in the northwestern region of the U.S. state of Louisiana in the United States. It is the second most populous city in the Shreveport–Bossier City metropolitan statistical area. In 2020, it had a ...
*
Sikes Senter —
Wichita Falls, Texas
Wichita Falls ( ) is a city in and the seat of government of Wichita County, Texas, United States. It is the principal city of the Wichita Falls Metropolitan Statistical Area, which encompasses all of Archer, Clay, and Wichita counties. Accordin ...
*
Silver Lake Mall
Silver Lake Mall is a shopping mall located located in Coeur d'Alene, Idaho. It is the largest indoor shopping center in North Idaho. Its anchor stores are Black Sheep Sporting Goods, Inspiro, Jo-Ann Fabrics, Macy's, and Planet Fitness.
Anchors
* ...
—
Coeur D'Alene, Idaho
Coeur d'Alene ( ; french: Cœur d'Alène, lit=Heart of an stitching awl, Awl ) is a city and the county seat of Kootenai County, Idaho, United States. It is the largest city in North Idaho and the principal city of the Coeur d'Alene Metropolita ...
*
Southland Mall —
Hayward, California
Hayward () is a city located in Alameda County, California in the East Bay subregion of the San Francisco Bay Area. With a population of 162,954 as of 2020, Hayward is the sixth largest city in the Bay Area and the third largest in Alameda Coun ...
*
The Shoppes at Carlsbad
The Shoppes at Carlsbad is a shopping mall in Carlsbad, California. The mall was originally named Plaza Camino Real when it was built in 1969, but was rebranded several times when it was a Westfield Holdings property (1994-2015). Its anchor store ...
—
Carlsbad, California
Carlsbad is a coastal city in the North County region of San Diego County, California, United States. The city is south of downtown Los Angeles and north of downtown San Diego. As of the 2020 census, the population of the city was 114,746. ...
* The Shops at Somerset Square —
Glastonbury, Connecticut
Glastonbury ( ) is a town in Hartford County, Connecticut, United States, formally founded in 1693 and first settled in 1636. It was named after Glastonbury in Somerset, England. Glastonbury is on the banks of the Connecticut River, southeast o ...
*
Southland Center —
Taylor, Michigan
Taylor is a city in Wayne County, Michigan, Wayne County in the U.S. state of Michigan. Its population was 63,409 at the 2020 United States census, 2020 census. Taylor is the fifth most-populated city in Wayne County and the 17th List of municipa ...
*
Spring Hill Mall
Spring Hill Mall is a shopping mall in West Dundee and Carpentersville, Illinois. The mall's anchor stores are Kohl's and Cinemark. There are 4 vacant anchor stores that were once Carson Pirie Scott, Sears, Macy's, and Barnes & Noble.
History
Sp ...
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West Dundee, Illinois
West Dundee is a village in Kane County, Illinois, United States. The population was 7,686 as of the 2020 US Census. It is considered a far northwest Chicago suburb.
West Dundee lies across the Fox River from East Dundee and Carpentersville.
...
*
Three Rivers Mall
Three Rivers Mall is an enclosed shopping mall located in Kelso, Washington that opened in 1987, on the site of a former golf course adjacent to Interstate 5. Previously owned by General Growth Properties, the mall was one of 30 malls that was sp ...
—
Kelso, Washington
Kelso is a city in the southwestern part of the U.S. state of Washington and is the county seat of Cowlitz County. At the 2020 census, the population was 12,720. Kelso is part of the Longview, Washington Metropolitan statistical area, which h ...
*
Valley Hills Mall
Valley Hills Mall is a two-story regional shopping mall located in Hickory, North Carolina. It is currently managed by JLL. It is anchored by Belk, Dillard's, and J. C. Penney.
History
The mall opened in 1978 as the second mall in Hickory, th ...
—
Hickory, North Carolina
Hickory is a city located primarily in Catawba County, with formal boundaries extending into Burke and Caldwell counties. The city lies in the U.S. state of North Carolina. At the time of the 2020 census, Hickory's population was 43,490. Hickor ...
*
Washington Park Mall —
Bartlesville, Oklahoma
Bartlesville is a city mostly in Washington County in the U.S. state of Oklahoma. The population was 37,290 at the 2020 census. Bartlesville is north of Tulsa and south of the Kansas border. It is the county seat of Washington County. The Can ...
*
West Valley Mall
West Valley Mall is a mall in Tracy, California that opened in 1995. It is owned and operated by Namdar Realty Group and is located directly off Highway 205. The mall is anchored by Target, Macy's, and a Cinemark Movie Theater.
The mall is loca ...
—
Tracy, California
Tracy is the second most populated city in San Joaquin County, California, San Joaquin County, California, United States. The population was 93,000 at the 2020 United States Census, 2020 census. Tracy is located inside a geographic triangle form ...
*
Westwood Mall —
Jackson, Michigan
Jackson is the only city and county seat of Jackson County in the U.S. state of Michigan. As of the 2010 census, the city population was 33,534, down from 36,316 at the 2000 census. Located along Interstate 94 and U.S. Route 127, it is approxi ...
*
White Mountain Mall
White Mountain Mall is a shopping mall located in Rock Springs, Wyoming owned and managed by Brookfield Properties. It is one of only three enclosed malls in the entire state of Wyoming. The mall, which opened in 1978, is located near Interstate ...
—
Rock Springs, Wyoming
Rock Springs is a city in Sweetwater County, Wyoming, United States. The population was 23,036 at the 2010 census, making it the fifth most populated city in the state of Wyoming, and the most populous city in Sweetwater County. Rock Springs is ...
References
{{reflist, 1
2011 establishments in New York (state)
2016 mergers and acquisitions
Companies established in 2011
Defunct real estate companies of the United States
Rouse family