Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BROOKFIELD ASSET MANAGEMENT INC.
   2. Issuer Name and Ticker or Trading Symbol
General Growth Properties, Inc. [GGP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Director by deputization ***
(Last)
(First)
(Middle)
BROOKFIELD PLACE, SUITE 300, 181 BAY ST, P.O. BOX 762		 3. Date of Earliest Transaction (Month/Day/Year)
12/31/2012
(Street)

TORONTO, A6 M5J2T3		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A-2 Warrants to Acquire Common Stock (1) $ 9.36 (1) 12/31/2012   P   18,432,855 (1)   11/09/2010 11/09/2017 Common Stock 18,432,855 (1) $ 14.75 18,432,855 (1) I See footnote (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BROOKFIELD ASSET MANAGEMENT INC.
BROOKFIELD PLACE, SUITE 300, 181 BAY ST
P.O. BOX 762
TORONTO, A6 M5J2T3		   X   X   Director by deputization ***
Partners Ltd
BROOKFIELD PLACE, SUITE 300, 181 BAY ST
P.O.BOX 762
TORONTO, A6 M5J2T3		   X   X   Director by deputization ***

Signatures

 /s/ Joseph Freedman, Brookfield Asset Management Inc., Senior Managing Partner   01/03/2013
**Signature of Reporting Person Date
 /s/ Brian D. Lawson, Partners Limited, Authorized Signatory   01/03/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each Warrant entitles the holder to purchase one share of Common Stock at a price, as of the date hereof, of approximately $9.36 per share, with both the number of shares of Common Stock issuable and the exercise price subject to adjustments as provided in the warrant agreement, dated as of November 9, 2010, by and among Mellon Investor Services LLC, as warrant agent, and the Issuer. The Warrants were acquired by BW Purchaser, LLC, a wholly-owned subsidiary of BAM, from Pershing Square, L.P., Pershing Square II, L.P. and Pershing Square International, Ltd.
(2) Common Stock and Warrants held directly by BW Purchaser, LLC. BAM, as the sole member of BW Purchaser, LLC has an indirect pecuniary interest in the Series A-2 Warrants held by BW Purchaser, LLC.
 
Remarks:
*** Cyrus Madon, a Senior Managing Partner of Brookfield Asset Management Inc., a corporation formed under the laws of the Province of Ontario ("BAM"), serves on the board of directors of the Issuer as a representative of each of BAM, Partners Limited and certain other entities. The Reporting Person is a "director by designation" solely for purposes of Section 16 of the Securities Exchange Act of 1934.

Exhibit List: (1) Exhibit 99.1 - Joint Filer Information

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