General Growth announces Debra A. Cafaro named to board of directors

By Caroline Salls

Pittsburgh, March 29 - General Growth Properties, Inc. said Debra A. Cafaro has been named to its board of directors, according to a company news release.

Cafaro will also serve on the company's capital committee.

She is the chairman, president and chief executive officer of Ventas, Inc. and is the chairman of the National Association of Real Estate Investment Trusts.

Cafaro is also a director of Weyerhaeuser Co. and World Business Chicago and a member of the Real Estate Roundtable.

With Cafaro's appointment, General Growth now has nine directors.

General Growth, a Chicago-based real estate investment trust that owns regional shopping malls, master planned community developments and commercial office buildings, filed for bankruptcy on April 16, 2009 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 09-11977.

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