Something is always in the works at GGP. Whether it's for a redevelopment, renovation
or expansion, malls are evaluated and selected by employing a disciplined, risk-adjusted
strategy focused on mining value within the existing portfolio. A successful redevelopment,
renovation and/or expansion strategy will increase both traffic and sales at the
respective centers. Development projects span from small to large, many times including
new anchor tenants, entertainment additions and the signing of specialty retailers not
currently in place in the competitive environment. We're looking forward to sharing with
you our plans for development at various GGP retail properties.