General Growth Properties Completes Secondary Offering

Skadden represented Citigroup Global Markets Inc. in connection with a $536.6 million registered underwritten secondary offering of common stock of General Growth Properties, Inc., a Delaware corporation (GGP), announced on May 7. The selling stockholders were certain funds affiliated with The Blackstone Group. GGP is a leading real estate owner and operator of high quality regional malls in the United States and Brazil. Skadden previously represented the underwriters in GGP’s initial public offering following its emergence from bankruptcy and in GGP's recent preferred stock offering.