Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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. Date of Event Requiring Statement (Month/Day/Year)
01/12/2012
3. Issuer Name and Ticker or Trading Symbol
Rouse Properties, Inc. [RSE]
(Last)
(First)
(Middle)
BCE PLACE 181 BAY ST, STE 300 PO BOX 762
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

TORONTO ONTARIO, A6 M5J2T3
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, Par Value $0.01 (per share) 2,946,661
I
See Footnotes (1) (10) (11) (12)
Common Stock, Par Value $0.01 (per share) 2,012,058
I
See Footnotes (2) (10) (11)
Common Stock, Par Value $0.01 (per share) 2,307,948
I
See Footnotes (3) (10) (11)
Common Stock, Par Value $0.01 (per share) 265,725
I
See Footnotes (4) (10) (11)
Common Stock, Par Value $0.01 (per share) 530,636
I
See Footnotes (5) (10) (11)
Common Stock, Par Value $0.01 (per share) 177,774
I
See Footnotes (6) (10) (11)
Common Stock, Par Value $0.01 (per share) 178,393
I
See Footnotes (7) (10) (11)
Common Stock, Par Value $0.01 (per share) 600,173
I
See Footnotes (8) (10)
Common Stock, Par Value $0.01 (per share) 4,323,616
I
See Footnote (9)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BROOKFIELD ASSET MANAGEMENT INC.
BCE PLACE 181 BAY ST
STE 300 PO BOX 762
TORONTO ONTARIO, A6 M5J2T3
    X    
Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    
Brookfield Private Funds Holdings Inc.
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    
Brookfield Retail Split LP
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 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 REP GP Inc.
THREE WORLD FINANCIAL CENTER
200 VESEY STREET, 11TH FLOOR
NEW YORK, NY 10281
    X    
Brookfield Holdings Canada
181 BAY STREET
BROOKFIELD PLACE, SUITE 300
TORONTO, A6 M5J2T3
    X    
Partners Ltd
181 BAY STREET
BROOKFIELD PLACE, SUITE 300
TORONTO, A6 M5J2T3
    X    

Signatures

Joseph Freedman, Senior Managing Partner of Brookfield Asset Management Inc. 01/23/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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.
 
Remarks:
Exhibit List:
Exhibit 99.1 - Explanation of Responses
Exhibit 99.2 - Joint Filer Information
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.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.