Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BROOKFIELD ASSET MANAGEMENT INC.
  2. Issuer Name and Ticker or Trading Symbol
Rouse Properties, Inc. [RSE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 11TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2012
(Street)

NEW YORK, NY 10281
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $0.01 per share 03/26/2012   O   1,143,094 A $ 15 5,466,710 I See footnotes (1) (14)
Common Stock, Par Value $0.01 per share 03/26/2012   O   3,174,980 A $ 15 8,641,690 I See footnotes (2) (14)
Common Stock, Par Value $0.01 per share 03/26/2012   J(3)   6,354,012 A $ 15 14,995,702 I See footnotes (3) (14)
Common Stock, Par Value $0.01 per share 03/26/2012   O   1,809,064 A $ 15 1,809,064 I See footnotes (4) (15)
Common Stock, Par Value $0.01 per share 03/26/2012   O   756,470 A $ 15 2,565,534 I See footnotes (5) (15)
Common Stock, Par Value $0.01 per share               2,946,661 I See footnotes (6)
Common Stock, Par Value $0.01 per share               2,012,058 I See footnote (7)
Common Stock, Par Value $0.01 per share               2,307,948 I See footnote (8)
Common Stock, Par Value $0.01 per share               265,725 I See footnote (9)
Common Stock, Par Value $0.01 per share               530,635 I See footnote (10)
Common Stock, Par Value $0.01 per share               177,774 I See footnote (11)
Common Stock, Par Value $0.01 per share               178,393 I See footnote (12)
Common Stock, Par Value $0.01 per share               600,173 I See footnote (13)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Rights to Acquire Shares pursuant to Rights Offering $ 5.6264 03/26/2012   O     3,047,486 02/13/2012 03/16/2012 Common Stock 1,143,094 $ 0 0 I See footnotes (1) (14)
Obligation to Acquire Shares pursuant to Rights Offering $ 15 03/26/2012   O     1 03/16/2012 03/16/2012 Common Stock 3,174,980 $ 0 0 I See footnotes (2) (14)
Obligation to Acquire Shares pursuant to Standby Agreement $ 15 03/16/2012   J(3)     1 03/16/2012 03/16/2012 Common Stock 6,354,012 $ 0 0 I See footnotes (3) (14)
Rights to Acquire Shares pursuant to Rights Offering $ 5.6264 03/26/2012   O     4,822,963 02/13/2012 03/16/2012 Common Stock 1,809,064 $ 0 0 I See footnotes (4) (15)
Obligation to Acquire Shares pursuant to Rights Offering $ 15 03/26/2012   O     1 03/16/2012 03/16/2012 Common Stock 756,470 $ 0 0 I See footnotes (5) (15)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BROOKFIELD ASSET MANAGEMENT INC.
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    
Partners Ltd
181 BAY STREET
BROOKFIELD PLACE, SUITE 300
TORONTO, A6 M5J2T3
    X    
Brookfield Holdings Canada
181 BAY STREET
BROOKFIELD PLACE, SUITE 300
TORONTO, A6 M5J2T3
    X    
Brookfield US Holdings Inc.
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    
Brookfield US Corp
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    
Brookfield Retail Split II LLC
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    
Brookfield Retail Holdings VI LLC
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    

Signatures

 /s/ Joseph Freedman, Senior Managing Partner of Brookfield Asset Management Inc.   03/28/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Exhibit 99.1; Note 1.
(2) See Exhibit 99.1; Note 2.
(3) See Exhibit 99.1; Note 3.
(4) See Exhibit 99.1; Note 4.
(5) See Exhibit 99.1; Note 5.
(6) See Exhibit 99.1; Note 6.
(7) See Exhibit 99.1; Note 7.
(8) See Exhibit 99.1; Note 8.
(9) See Exhibit 99.1; Note 9.
(10) See Exhibit 99.1; Note 10.
(11) See Exhibit 99.1; Note 11.
(12) See Exhibit 99.1; Note 12.
(13) See Exhibit 99.1; Note 13.
(14) See Exhibit 99.1; Note 14.
(15) See Exhibit 99.1; Note 15.
 
Remarks:
Exhibit List:
(1) Exhibit 99.1 - Explanation of Responses
(2) Exhibit 99.2 - Joint Filer Information
(3) Exhibit 99.3 - Joint Filers' Signatures

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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