General Growth Properties Inc incorporated on July 1, 2010. It is engaged in the operation, development and management of retail and other rental properties, regional malls. The Company's business is to be an owner and operator of retail properties that provide an environment and experience for its communities, retailers, employees, consumers and shareholders. The malls include: Ala Moana in Honolulu, Hawaii; Fashion Show in Las Vegas, Nevada; Natick Mall in Natick (Boston), Massachusetts; Tyson's Galleria in Tysons, Virginia; Park Meadows in Lone Tree (Denver), Colorado and Water Tower Place in Chicago, Illinois. It operates in a single reportable segment, which it terms Retail and Other, which consists of regional malls, retail centers, office and industrial buildings and mixed-use and other properties. Its portfolio of regional malls and other rental properties represents a collection of retail offerings that are targeted to a range of market sizes and consumer tastes. It faces competition from retailers at other malls, lifestyle and power centers, outlet malls and other discount shopping centers, discount shopping clubs, Internet sales, catalog companies, and telemarketing.
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