General Growth Properties Inc. announced Executive Vice President of Capital Markets Hugh Zwieg will leave the company at the end of 2012. Mr. Zwieg joined GGP in March of 2010. During Mr. Zwieg's tenure, GGP issued approximately $2.3 billion of equity upon its emergence from bankruptcy; effected the Howard Hughes Corporation spin-off; effected the Rouse Properties Inc. spin-off; refinanced approximately $12.1 billion of property level debt ($10.2 billion at share); lowered the average interest rate from 5.49% to 4.51%; generated approximately $2 billion of net proceeds; and laddered maturities.

Chief Financial Officer Michael Berman will assume responsibility for the Capital Markets group. Mr. Zwieg will remain with the company through the end of December to help transition.