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Rouse Properties Inc

Rouse Properties, Inc. was a public company that was listed on the New York Stock Exchange (NYSE) under the ticker symbol "RPAI." Rouse Properties was a real estate investment trust (REIT) that focused on owning and managing shopping centers and retail properties across the United States.

The company was formed in 1996 as a spin-off from the Rouse Company, which was a well-known developer and manager of shopping centers. Rouse Properties initially focused on acquiring and redeveloping enclosed malls and strip centers, with a focus on repositioning and rebranding underperforming assets to increase their value.

In 2016, Rouse Properties was acquired by the Brookfield Asset Management, a global alternative asset manager, in a deal worth around $2.8 billion. The acquisition was part of Brookfield's strategy to expand its real estate portfolio and increase its presence in the retail sector.

At the time of its acquisition, Rouse Properties' portfolio consisted of 35 shopping centers and retail properties across the United States, with a total of approximately 24 million square feet of leasable area. Some of its most notable properties included The Somerset Collection in Troy, Michigan, FlatIron Crossing in Broomfield, Colorado, and Fountain View Village in Houston, Texas.

Rouse Properties had a strong track record of delivering consistent returns to its shareholders through its disciplined approach to acquisitions, property renovations, and asset management. The company's focus on repositioning and rebranding underperforming assets allowed it to create value for its tenants, customers, and shareholders.

Overall, Rouse Properties was a respected player in the retail real estate industry, known for its expertise in property management, leasing, and redevelopment. The company's acquisition by Brookfield Asset Management reflected the company's success in creating value for its stakeholders and its potential for future growth.