TIM COLBY, Senior General Manager
Tim Colby joined General Growth in February 2005 as senior general manager for Chula Vista Center and Otay Ranch Town Center. Tim oversees Otay Ranch Town Center on a full-time basis now. His responsibilities include managing the day-to-day operations of the outdoor center, along with customer, merchant and community relations. With 20 years of regional shopping center experience, Colby has been involved in managing over 30 different centers in the eastern half of the country as a general manager and regional manager. He has been involved in the re-development of six shopping centers in the Mid-Atlantic and Northeast and the de-malling of two centers in New England. He is a member of the Chula Vista Chamber of Commerce. In addition, he holds the Certified Shopping Center Manager (CSM) and Certified Marketing Director (CMD) designations from the International Council of Shopping Centers (ICSC).

AUDREY HERZ-MARLOW, Senior Marketing Manager
Audrey joined General Growth Properties in June of this year as senior marketing manager for Otay Ranch Town Center. As senior marketing manager, she will oversee all aspects of community relations, public relations, advertising, special events and all marketing initiatives for the center. Before joining General Growth Properties, Herz-Marlow was senior marketing manager for Sycuan Resort & Casino in El Cajon, California. She is involved in numerous community activities for charitable organizations, including the MS Society, San Diego Symphony, Diabetes Society, American Cancer Society and the Boys and Girls Clubs. She is also a member of the Chula Vista Chamber of Commerce and the South County Economic Development Council. Herz-Marlow earned a Bachelor of Science in Marketing from San Diego State University.

STEVE ISAACSON, Senior Operations Manager
Steve brings 25 years of commercial facility management and systems operations to Otay Ranch Town Center. As the Senior Operations Manager, he will supervise all aspects of the physical operations including tenant construction, building engineering, preventative maintenance programs and vendor contracts in addition to working with tenants on facility needs. Before joining General Growth Properties this year, Steve most recently was the vice president of Facilities at USE Credit Union and Chief Engineer for Equity Office Properties. His professional qualifications and affiliations include the Building Owners and Managers Association designation of Systems Maintenance Administrator (SMA) and International Facility Management Association (IFMA) membership.

ABOUT OTAY RANCH TOWN CENTER
Otay Ranch Town Center will be the premier shopping destination in the San Diego market. It's a vibrant open-air setting for people-watching and whiling away hours with friends, children and pets. Fine retailers such as Coach, Anthropologie, Macy's, Ann Taylor and Build-A-Bear Workshop will be among 150 retail shops. Great dining will be offered at The Cheesecake Factory and P.F. Chang's China Bistro. The outdoor environment will be pedestrian-friendly, but with an urban street setting. Kids will delight at popper fountains and a Chalk Garden, while man's best friend will enjoy the 10,000 square foot Doggie Park. Otay Ranch Town Center will have four uniquely themed areas highlighting distinct California flavors: THE GARDEN COURT will be located on the west side of the center and will feature a popular mix of traditional retailers; in the CENTER COURT, shoppers can enjoy the heart of Otay Ranch Town Center with its fashionable retailers, food pavilion, party space, fountains, chalk garden and a fireplace; the ENTERTAINMENT COURT, located on the east side, will include a book store, first-class restaurants and a 12-screen AMC Theatre complex; and LIFESTYLE ROW, on the far west side of the center, will feature upscale lifestyle tenants.

ABOUT GENERAL GROWTH PROPERTIES
Otay Ranch Town Center is owned and managed by General Growth Properties, Inc., the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at http://www.generalgrowth.com/