SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

SCHEDULE 13D 

 

Under the Securities Exchange Act of 1934 (Amendment No. 11)

 

 

 

Rouse Properties, Inc.
(Name of Issuer)

 

COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)

 

779287101
(CUSIP Number)

 

 

 

Murray Goldfarb

Michelle Campbell
Brookfield Asset Management, Inc.
Brookfield Place
250 Vesey Street, 15th Floor

New York, New York 10281-1023

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

Copy to:

 

Michael J. Aiello, Esq.
Matthew J. Gilroy, Esq.
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
(212) 310−8000

 

 

 

February 25, 2016
(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. 779287101   Page  2  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Asset Management Inc.

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

¨

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  3  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Partners Limited

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  4  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Holdings Canada Inc.

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

3,226,388*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

3,226,388*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

3,226,388*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.6%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  5  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Asset Management Private Institutional Capital Adviser US, LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

3,226,388*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

3,226,388*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

3,226,388*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.6%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  6  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield US Holdings Inc.

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

3,226,388*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

3,226,388*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

3,226,388*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.6%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  7  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield US Corporation

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

3,226,388*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

3,226,388*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

3,226,388*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.6%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  8  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Retail Holdings VII LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

2,946,661*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

2,946,661*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

2,946,661*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.1%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  9  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Retail Holdings II Sub II LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY 

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

10,060*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

10,060*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

10,060*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.02%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  10  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Retail Holdings III Sub II LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY 

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

11,539*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

11,539*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

11,539*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.02%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  11  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Retail Holdings IV-A Sub II LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY 

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

151,726*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

151,726*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

151,726*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.3%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  12  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Retail Holdings IV-B Sub II LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

2,653*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

2,653*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

2,653*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.01%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  13  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Retail Holdings IV-C Sub II LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

51,774*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

51,774*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

51,774*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.09%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  14  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Retail Holdings IV-D Sub II LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) £

(b) R

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

51,975*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

51,975*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

51,975*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.09%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  15  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

New Brookfield Retail Holdings R 2 LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY 

 

 

4

SOURCE OF FUNDS

 

WC

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

14,995,702*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

14,995,702*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

14,995,702*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

25.8%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  16  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Property Partners Limited

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Bermuda

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  17  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Property Partners LP

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Bermuda

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  18  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield Property L.P.

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Bermuda

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  19  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield BPY Holdings Inc.

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  20  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

BPY Canada Subholdings 1 ULC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  21  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

BPY Canada Subholdings 3 ULC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  22  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

BPY Canada Subholdings 4 ULC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  23  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

BPY Canada Subholdings 2 ULC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Canada

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

CO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  24  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield BPY Retail Holdings I LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  25  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

Brookfield BPY Retail Holdings II LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY 

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

19,387,625*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

19,387,625*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

19,387,625*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

33.4%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* See Item 5.

 

 

 

 

CUSIP No. 779287101   Page  26  of 34 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSONS

 

BPY Retail III LLC

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) þ

 

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

AF

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7

SOLE VOTING POWER

 

0

 

8

SHARED VOTING POWER

 

3,226,388*

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

3,226,388*

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

3,226,388*

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

o

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.6%*

 

14

TYPE OF REPORTING PERSON

 

OO

 

* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed to beneficially own the 19,387,625 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 33.4% of the shares of Common Stock. See Item 5.

 

 

 

 

EXPLANATORY NOTE

 

Pursuant to Rule 13d-2 promulgated under the Act, this Schedule 13D/A (this “Amendment No. 11”) amends the Schedule 13D filed on January 23, 2012 (the “Original Schedule 13D”) and amended on March 12, 2012 (“Amendment No. 1”), March 20, 2012 (“Amendment No. 2”), January 3, 2013 (“Amendment No. 3”), April 16, 2013 (“Amendment No. 4”), August 9, 2013 (“Amendment No. 5”), November 5, 2013 (“Amendment No. 6”), January 8, 2014 (“Amendment No. 7”), January 15, 2014 (“Amendment No. 8”), March 13, 2014 (“Amendment No. 9”) and January 19, 2016 (“Amendment No. 10”) (the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8, Amendment No. 9, Amendment No. 10 and this Amendment No. 11 are collectively referred to herein as the “Schedule 13D”). This Amendment No. 11 relates to the common stock, par value $0.01 per share (“Common Stock”), of Rouse Properties, Inc., a Delaware corporation (the “Company”).

 

Item 4.Purpose of the Transaction.

 

Item 4 of the Schedule 13D is hereby amended to include the following:

 

The disclosure set forth below in Item 6 is hereby incorporated by reference.

 

Item 5.Interest in Securities of the Issuer.

 

Item 5(a)-(c) of the Schedule 13D is hereby amended in its entirety as follows:

 

(a)-(b) As of the close of business on February 25, 2016, the Investment Vehicles directly held and beneficially owned the shares of Common Stock indicated on the following table. Each of the Investment Vehicles shares voting and investment power as indicated in the paragraphs below the table. All calculations of percentages of beneficial ownership in this Item 5 and elsewhere in this Schedule 13D are based on the 58,022,217 shares of Common Stock reported by the Company as outstanding as of September 30, 2015 as reported in its Form 10-Q filed with the Securities and Exchange Commission on November 2, 2015.

 

Investment Vehicle  Common Stock   Beneficial Ownership 
BRH VII   2,946,661    5.1%
BRH II Sub   10,060    0.02%
BRH III Sub   11,539    0.02%
BRH IV-A Sub   151,726    0.3%
BRH IV-B Sub   2,653    0.01%
BRH IV-C Sub   51,774    0.09%
BRH IV-D Sub   51,975    0.09%

 

As managing member or general partner, as applicable, of each of the Investment Vehicles, BAMPIC US may be deemed to beneficially own all shares of Common Stock owned by each of the Investment Vehicles, consisting of 3,226,388 shares of Common Stock, representing 5.6% of the Common Stock. As direct and indirect controlling persons of BAMPIC US, each of BUSHI, BUSC, BHC and Brookfield may be deemed to share with BAMPIC US beneficial ownership of such shares of Common Stock.

 

BPY III is the controlling non-managing member of each Investment Vehicle. BPY III may be deemed to share voting and investment power with respect to the 3,226,388 shares of Common Stock owned by the Investment Vehicles, representing approximately 5.6% of the shares of the Common Stock. As direct and indirect controlling persons of BPY III, each of BPY Holdings II, BPY Holdings I, CanHoldco, CanHoldco 2, CanHoldco 3, CanHoldco 4, CanHoldco 1, Holding LP, BPY, BP Partners Limited, Partners Limited and Brookfield may be deemed to share with BPY III beneficial ownership of such shares of Common Stock and Warrants.

 

27 

 

 

As of the close of business on February 25, 2016, BRH R 2 directly held 14,995,702 shares of Common Stock, representing approximately 25.8% of the shares of Common Stock. As direct and indirect controlling persons of BRH R 2, each of BPY Holdings II, BPY Holdings I, CanHoldco, CanHoldco 2, CanHoldco 3, CanHoldco 4, CanHoldco 1, Holding LP, BPY, BP Partners Limited, Partners Limited and Brookfield may be deemed to share with BRH R 2 beneficial ownership of such shares of Common Stock.

 

As of the close of business on February 25, 2016, BPY Retail Holdings II LLC directly held 1,165,535 shares of Common Stock, representing 2.0% of the Common Stock. As direct and indirect controlling persons of BPY Retail Holdings II LLC, each of BPY Holdings I, CanHoldco, CanHoldco 2, CanHoldco 3, CanHoldco 4, CanHoldco 1, Holding LP, BPY, BP Partners Limited, Partners Limited and Brookfield may be deemed to share with BPY Retail Holdings II LLC beneficial ownership of such shares of Common Stock.

 

None of the Reporting Persons has sole voting or investment power with respect to any shares of Common Stock.

 

By virtue of the various agreements and arrangements among the Reporting Persons described in this Schedule 13D, the Reporting Persons may be deemed to constitute a “group” within the meaning of Section 13(d)(3) under the Act and Rule 13d-5(b)(1) thereunder and each member of the “group” may be deemed to beneficially own all shares of Common Stock held by all members of the “group.” Accordingly, each of the Reporting Persons may be deemed to beneficially own 19,387,625 shares of Common Stock, constituting beneficial ownership of 33.4% of the shares of the Common Stock. Each of the Investment Vehicles and other Reporting Persons directly holding shares of Common Stock expressly disclaims, to the extent permitted by applicable law, beneficial ownership of any shares of Common Stock held by each of the other Investment Vehicles and Reporting Persons.

 

(c) Except as otherwise described in Item 4 of this Amendment No. 11, none of the Reporting Persons, nor, to their knowledge, any of the Scheduled Persons, has effected any transaction in Common Stock since the filing of Amendment No. 10.

 

Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to the Securities of the Issuer

 

On February 25, 2016, each of BSREP II Retail Pooling LLC, a Delaware limited liability Company (“Parent”), BSREP V Retail Holdings Corp., a Delaware corporation (“Acquisition Sub”), and, solely for the purposes stated therein, the Guarantors listed therein, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Rouse Properties, Inc., a Delaware corporation (the “Company”). A copy of the Merger Agreement is attached hereto as Exhibit 99.1.

 

The Merger Agreement provides for, among other things, the acquisition of the Company by Parent through a series of transactions consisting of: (i) after satisfaction or waiver of all closing conditions, an exchange (the “Exchange”) by each of BRH VII, BRH R 2, BPY Retail Holdings II LLC, BRH III Sub, BRH II Sub, BRH IV-A Sub, BRH IV-B Sub, BRH IV-C Sub, BRH IV-D Sub (the “Exchange Parties”) of the outstanding shares of Company’s common stock, par value $0.01 per share (the “Company Common Stock”), that they hold for new shares of Series I Preferred Stock of the Company (“Series I Preferred Stock”); (ii) on the next business day, if applicable certain transactions (“Requested Transactions”) that Parent may request between signing and closing, including a sale of all or substantially all the partnership interests and/or assets of Rouse Properties LP (the “Operating Partnership”) and a payment of an extraordinary cash dividend (in an amount to be determined by Parent in its discretion) to the holders of Company Common Stock (the “Closing Dividend”); and (iii) on the second business day after the Exchange, the merger of Acquisition Sub with and into the Company, with the Company surviving the merger as the Surviving Corporation (the “Merger”).

 

28 

 

 

Through the Closing Dividend and the Merger, each holder of Company Common Stock, other than the Exchange Parties, will receive $18.25 in cash per share, without interest thereon, at the closing of the transactions contemplated by the Merger Agreement (the “Transactions”). In connection with closing, each option to purchase Company Common Stock that remains outstanding as of immediately prior to the effective time of the Merger will become vested (if then unvested) in full and cancelled, and each holder thereof will be entitled to receive in respect of such option an amount in cash (without interest) equal to the number of shares of Company Common Stock subject to such option multiplied by the difference between $18.25 and per share exercise price of such option. Also in connection with the closing, each share of Company Common Stock that is subject to vesting or forfeiture conditions (“Company Restricted Stock”) that remains outstanding immediately prior to the effective time of the Merger will be cancelled, and each holder thereof will be entitled to receive $18.25 in cash per share of Company Restricted Stock, without interest thereon.

 

On February 25, 2016, in connection with the transactions contemplated by the Merger Agreement, the Exchange Parties entered into a Voting Agreement (the “Voting Agreement”) with the Company, pursuant to which, among other things, each of the Exchange Parties agrees to vote all of the shares of Company common stock that it owns (i) in favor of the approval and adoption of the Merger Agreement, (ii) in favor of the approval of the Transactions and any other matter that is required to facilitate the Transactions and (iii) against certain actions that would compete or conflict with, or have an adverse effect on the consummation of the Transactions. A copy of the Voting Agreement is attached hereto as Exhibit 99.2.

 

On February 25, 2016, in connection with the transactions contemplated by the Merger Agreement, the Exchange Parties entered into an Exchange Agreement (the “Exchange Agreement”) with the Company, pursuant to which, among other things, each of the Exchange Parties agreed to, prior to the effective time of the Merger and subject to the satisfaction of certain conditions set forth in the Merger Agreement and the Exchange Agreement, consummate the Exchange. A copy of the Exchange Agreement is attached hereto as Exhibit 99.3.

 

On February 25, 2016, in connection with the transactions contemplated by the Merger Agreement, Brookfield entered into a Letter Agreement (the “Letter Agreement”) with the Company, pursuant to which, among other things, the Brookfield agreed, to the extent legally required, to file (along with certain of its affiliates) a Rule 13E-3 transaction statement on Schedule 13E-3 with the Securities and Exchange Commission. A copy of the Letter Agreement is attached hereto as Exhibit 99.4.

 

29 

 

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated:  February 26, 2016 BROOKFIELD ASSET MANAGEMENT INC.
   
  By: /s/ A.J. Silber
    Name:  A.J. Silber
    Title:  Vice President, Legal Affairs
   
  By: /s/ Aleks Novakovic
    Name:   Aleks Novakovic
    Title:   Managing Partner
   
Dated:  February 26, 2016 PARTNERS LIMITED
   
  By: /s/ Brian D. Lawson
    Name:  Brian D. Lawson
    Title:  Director
     
  By: /s/ Derek Gorgi
    Name: Derek Gorgi
    Title: Assistant Secretary
   
Dated:  February 26, 2016 BROOKFIELD ASSET MANAGEMENT PRIVATE INSTITUTIONAL CAPITAL ADVISER US, LLC
   
  By: /s/ David J. Stalter
    Name:  David J. Stalter
    Title:  Director
     
  By: /s/ Mark Srulowitz
    Name:  Mark Srulowitz
    Title:  Secretary
   
Dated:  February 26, 2016 BROOKFIELD HOLDINGS CANADA INC.
   
  By: /s/ A.J. Silber
    Name:  A.J. Silber
    Title:  Vice President
     
  By: /s/ Aleks Novakovic
    Name:  Aleks Novakovic
    Title:  Vice President
   
Dated:  February 26, 2016 BROOKFIELD PROPERTY PARTNERS LIMITED
   
  By: /s/ Jane Sheere
    Name:  Jane Sheere
    Title:  Secretary

 

 

 

 

Dated: February 26, 2016 BROOKFIELD PROPERTY PARTNERS L.P.
   
  By: Brookfield Property Partners Limited, its general partner
     
  By: /s/Jane Sheere
    Name: Jane Sheere
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD PROPERTY L.P.
   
  By: Brookfield Property Partners LP, its managing general partner
     
  By: Brookfield Property Partners Limited, its general partner
     
  By: /s/ Jane Sheere
    Name: Jane Sheere
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD BPY HOLDINGS INC.
   
  By: /s/ Michelle L. Campbell
    Name: Michelle L. Campbell
    Title: Vice President and Secretary
   
Dated: February 26, 2016 BPY CANADA SUBHOLDINGS 1 ULC
   
  By: /s/ Michelle L. Campbell
    Name: Michelle L. Campbell
    Title: Vice President and Secretary
   
Dated: February 26, 2016 BPY CANADA SUBHOLDINGS 3 ULC
   
  By: /s/ Michelle L. Campbell
    Name: Michelle L. Campbell
    Title: Vice President and Secretary
   
Dated: February 26, 2016 BPY CANADA SUBHOLDINGS 4 ULC
   
  By: /s/ Michelle L. Campbell
    Name: Michelle L. Campbell
    Title: Vice President and Secretary
   
Dated: February 26, 2016 BPY CANADA SUBHOLDINGS 2 ULC
   
  By: /s/ Michelle L. Campbell
    Name: Michelle L. Campbell
    Title: Vice President and Secretary
   
Dated: February 26, 2016 BROOKFIELD BPY RETAIL HOLDINGS I LLC
   
  By: /s/ Jane Sheere
    Name: Jane Sheere
    Title: Secretary

 

 

 

 

Dated: February 26, 2016 BROOKFIELD BPY RETAIL HOLDINGS II LLC
   
  By: /s/ Jane Sheere
    Name: Jane Sheere
    Title: Secretary
   
Dated: February 26, 2016 BPY RETAIL III LLC
   
  By: /s/ Jane Sheere
    Name: Jane Sheere
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD RETAIL HOLDINGS VII LLC
   
  By: Brookfield Asset Management Private Institutional Capital Adviser US, LLC 
     
  By: /s/ David J. Stalter
    Name: David J. Stalter
    Title: Director
     
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: Secretary
   
Dated: February 26, 2016 NEW BROOKFIELD RETAIL HOLDINGS R 2 LLC
   
  By: /s/ Jane Sheere
    Name: Jane Sheere
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD RETAIL HOLDINGS II SUB II LLC
   
  By: Brookfield Asset Management Private Institutional Capital Adviser US, LLC
   
  By: /s/ David J. Stalter
    Name: David J. Stalter
    Title: Director
     
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD RETAIL HOLDINGS III SUB II LLC
   
  By: Brookfield Asset Management Private Institutional Capital Adviser US, LLC
     
  By: /s/ David J. Stalter
    Name: David J. Stalter
    Title: Director
     
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: Secretary

 

 

 

 

Dated: February 26, 2016 BROOKFIELD RETAIL HOLDINGS IV-A SUB II LLC
   
  By: Brookfield Asset Management Private Institutional Capital Adviser US, LLC
     
  By: /s/ David J. Stalter
    Name: David J. Stalter
    Title: Director
     
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD RETAIL HOLDINGS IV-B SUB II LLC
   
  By: Brookfield Asset Management Private Institutional Capital Adviser US, LLC
     
  By: /s/ David J. Stalter
    Name: David J. Stalter
    Title: Director
     
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD RETAIL HOLDINGS IV-C SUB II LLC
   
  By: Brookfield Asset Management Private Institutional Capital Adviser US, LLC
     
  By: /s/ David J. Stalter
    Name: David J. Stalter
    Title: Director
     
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD RETAIL HOLDINGS IV-D SUB II LLC
   
  By: Brookfield Asset Management Private Institutional Capital Adviser US, LLC
     
  By: /s/ David J. Stalter
    Name: David J. Stalter
    Title: Director
     
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: Secretary
   
Dated: February 26, 2016 BROOKFIELD US HOLDINGS INC.
   
  By: /s/ A. J. Silber
    Name: A. J. Silber
    Title: Director
     
  By: /s/ Allen Yi
    Name: Allen Yi
    Title: Vice President and Secretary

 

Dated: February 26, 2016 BROOKFIELD US CORPORATION
   
  By: /s/ Mark Srulowitz
    Name: Mark Srulowitz
    Title: President

 

 

 

 

Exhibit Index

 

99.1 Agreement and Plan of Merger, dated as of February 25, 2016
   
99.2 Voting Agreement, dated as of February 25, 2016
   
99.3 Exchange Agreement, dated as of February 25, 2016
   
99.4 Letter Agreement, dated as of February 25, 2016