SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
GENERAL GROWTH PROPERTIES, INC.
(Name of Issuer)
Common Stock, $0.10 Par Value
(Title and class of securities)
370021 10 7
(CUSIP Number)
Check the appropriate box to designate the role pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
575697.1
<PAGE>
CUSIP NO. 370021-10-7 Page 2 of 11
(1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos.
of Above Persons
Hexalon Real Estate, Inc.
TIN # 58-1297864
________________________________________________________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
________________________________________________________________________________
(3) SEC Use Only
________________________________________________________________________________
(4) Citizenship or Place of Organization
United States
________________________________________________________________________________
Number of Shares (5) Sole Voting Power 0
Beneficially Owned
by Each Reporting (6) Shared Voting Power 3,098,400*
Person With
(7) Sole Dispositive Power 0
(8) Shared Dispositive Power 3,098,400*
________________________________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,098,400 shares*
________________________________________________________________________________
(10) Check if Aggregate Amount in Row (9) Excludes Certain Shares |_|
________________________________________________________________________________
(11) Percent of Class Represented by Amount in Row 9
7.9%
________________________________________________________________________________
(12) Type of Reporting Person
CO
575697.1
-2-
<PAGE>
CUSIP NO. 370021-10-7 Page 3 of 11
* Includes 2,158,013 shares and 940,387 shares of common stock, par value
$.10 per share (the "Common Stock") of General Growth Properties, Inc.
(the "Company") issuable upon conversion of certain limited partnership
interests in GGP Limited Partnership (the "Operating Partnership")held
by HRE Altamonte, Inc. ("HRE Altamonte") and HRE Nashland, Inc. ("HRE
Nashland"), respectively. HRE Altamonte and HRE Nashland are
wholly-owned subsidiaries of Hexalon Real Estate, Inc.
("Hexalon").
575697.1
-3-
<PAGE>
CUSIP NO. 370021-10-7 Page 4 of 11
(1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos.
of Above Persons
HRE Altamonte, Inc.
TIN # 58-1997451
________________________________________________________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
________________________________________________________________________________
(3) SEC Use Only
________________________________________________________________________________
(4) Citizenship or Place of Organization
United States
________________________________________________________________________________
Number of Shares (5) Sole Voting Power 2,158,013*
Beneficially Owned
by Each Reporting (6) Shared Voting Power 0
Person With
(7) Sole Dispositive Power 2,158,013*
(8) Shared Dispositive Power 0
________________________________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,158,013 shares*
________________________________________________________________________________
(10) Check if Aggregate Amount in Row (9) Excludes Certain Shares |_|
________________________________________________________________________________
(11) Percent of Class Represented by Amount in Row 9
5.7%
________________________________________________________________________________
(12) Type of Reporting Person
CO
575697.1
-4-
<PAGE>
CUSIP NO. 370021-10-7 Page 5 of 11
* Includes 2,158,013 shares of common stock, par value $.10 per share
(the "Common Stock") of General Growth Properties, Inc. (the "Company")
issuable upon conversion of certain limited partnership interests in
GGP Limited Partnership (the "Operating Partnership").
575697.1
-5-
<PAGE>
CUSIP NO. 370021-10-7 Page 6 of 11
(1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos.
of Above Persons
HRE Nashland, Inc.
TIN # 58-1997453
________________________________________________________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |_|
________________________________________________________________________________
(3) SEC Use Only
________________________________________________________________________________
(4) Citizenship or Place of Organization
United States
________________________________________________________________________________
Number of Shares (5) Sole Voting Power 940,387*
Beneficially Owned
by Each Reporting (6) Shared Voting Power 0
Person With
(7) Sole Dispositive Power 940,387*
(8) Shared Dispositive Power 0
________________________________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
940,387 shares*
________________________________________________________________________________
(10) Check if Aggregate Amount in Row (9) Excludes Certain Shares |_|
________________________________________________________________________________
(11) Percent of Class Represented by Amount in Row 9
2.6%
________________________________________________________________________________
(12) Type of Reporting Person
CO
575697.1
-6-
<PAGE>
CUSIP NO. 370021-10-7 Page 7 of 11
* Includes 940,387 shares of common stock, par value $.10 per share (the
"Common Stock") of General Growth Properties, Inc. (the "Company")
issuable upon conversion of certain limited partnership interests in
GGP Limited Partnership (the "Operating Partnership").
575697.1
-7-
<PAGE>
CUSIP NO. 370021-10-7 Page 8 of 11
Item 1(a) Name of Issuer:
General Growth Properties, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
55 West Monroe Street, Suite 3100
Chicago, Illinois 60603
Item 2(a). Name of Person Filing:
See Item (1) of cover pages
Item 2(b). Address of Principal Business Office, or if none, residence:
950 East Paces Ferry Road
Suite 2275
Atlanta, GA 30326-1119
Item 2(c). Citizenship:
See Item (4) of cover pages
Item 2(d). Title of Class of Securities:
Common Stock, $0.10 par value
Item 2(e). CUSIP Number:
370021 10 7
Item 3. Nature of person filing:
If this statement is filed pursuant to
ss.240.13d-1(c), check this box [X].
Item 4. Ownership:
(a) Amount Beneficially Owned:
See Item (9) of cover pages
(b) Percent of Class:
See Item (11) of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See Item (5) of cover pages
575697.1
-8-
<PAGE>
CUSIP NO. 370021-10-7 Page 9 of 11
(ii) Shared power to vote or to direct the vote:
See item (6) of cover pages
(iii) sole power to dispose or to direct the
disposition of
See Item (7) of cover pages
(iv) shared power to dispose or to direct the
disposition of:
See Item (8) of cover pages
Item 5. Ownership of Five Percent or Less of Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following.|_|
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Company:
Not applicable
Item 8. Identification and Classification of Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
575697.1
-9-
<PAGE>
CUSIP NO. 370021-10-7 Page 10 of 11
Signatures:
After reasonable inquiry, the undersigned hereby certifies that to the
best of his knowledge and belief the information set forth in this statement is
true, complete and correct.
HEXALON REAL ESTATE, INC.
By: /s/ Dale R. Gilomen
-------------------------------------------
Dale R. Gilomen, its Vice President
HRE ALTAMONTE, INC.
By: /s/ Dale R. Gilomen
-------------------------------------------
Dale R. Gilomen, its Vice President
HRE NASHLAND, INC.
By: /s/ Dale R. Gilomen
-------------------------------------------
Dale R. Gilomen, its Vice President
575697.1
-10-
CUSIP NO. 370021-10-7 Page 11 of 11
EXHIBIT 99.1
The undersigned each hereby certifies and agrees that the above
Schedule 13G concerning securities issued by General Growth Properties, Inc. is
being filed on behalf of each of the undersigned.
HEXALON REAL ESTATE, INC.
By: /s/ Dale R. Gilomen August 5, 1998
------------------------------------------- --------------
Dale R. Gilomen, its Vice President Date
HRE ALTAMONTE, INC.
By: /s/ Dale R. Gilomen August 5, 1998
------------------------------------------- --------------
Dale R. Gilomen, its Vice President Date
HRE NASHLAND, INC.
By: /s/ Dale R. Gilomen August 5, 1998
------------------------------------------- --------------
Dale R. Gilomen, its Vice President Date
575697.1
