| Brookfield Asset Management Inc.0

Brookfield in Your CommunityDecember 2011

| Brookfield Asset Management Inc.1

Shopping Centers: General Growth Properties, United States

Brookfield’s investment1 in General Growth Properties (“GGP”) is the cornerstone of our Shopping Center platform.

GGP is the second largest mall owner in the U.S. with 166 regional malls and 158 m. sq. ft., including several national shopping destination assets

– Half of GGP’s portfolio is located in the 50 most populated U.S. markets, with 37 malls in the top U.S. metro areas

– More than 1.8 billion consumers visit a GGP mall every year

(1) Brookfield has a ~40% interest in GGP.

Region No. of Properties Total Area

(000s sq. ft.)

Northeast 28 26,168

Southeast 38 37,446

Midwest 34 32,348

Southwest 20 21,549

West 47 40,691

UNITED STATES 158,222Jordon Creek Town Center

West Des Moines, Iowa

| Brookfield Asset Management Inc.2

Shopping Malls in Northeast Region

Brookfield is the second largest mall operator in America

Steeplegate MallConcord, NH

Bridgewater CommonsBridgewater, NJ

Paramus ParkParamus, NJ

WillowbrookWayne, NJ

Staten Island MallStaten Island, NY

Neshaminy MallBensalem, PA

Park City CenterLancaster, PA

Woodbridge CenterWoodbridge, NJ

The Shoppes at Buckland HillsManchester, CT

Brass Mill CenterWaterbury, CT

Christiana MallNewark, DE

Natick MallNatick, MA

| Brookfield Asset Management Inc.3

Shopping Malls in the South Region

Brookfield is the second largest mall operator in America

Lynnhaven MallVirginia Beach, VA

Harborplace & The GalleryBaltimore, MD

Mondawmin MallBaltimore, MD

The Village of Cross KeysBaltimore, MD

The Mall in ColumbiaColumbia, MD

White Marsh MallBaltimore, MD

Tysons GalleriaMcLean, VA

The Streets at SouthpointDurham, NC

Four Seasons Town CentreGreensboro, NC

Columbiana CentreColumbia, SC

North Point MallAlpharetta, GA

Cumberland MallAtlanta, GA

| Brookfield Asset Management Inc.4

Shopping Malls in the South Region

Brookfield is the second largest mall operator in America

The Oaks MallGainesville, FL

Regency Square MallJacksonville, FL

Lakeland SquareLakeland, FL

Coastland CenterNaples, FL

West Oaks MallOcoee, FL

Pembroke Lakes MallPembroke Pines, FL

Governor's SquareTallahassee, FL

Altamonte MallAltamonte Springs, FL

Village of Merrick ParkCoral Gables, FL

The Shoppes at River CrossingMacon, GA

Southlake MallMorrow, GA

Oglethorpe MallSavannah, GA

Perimeter MallAtlanta, GA

Augusta MallAugusta, GA

Peachtree MallColumbus, GA

| Brookfield Asset Management Inc.5

Shopping Malls in the South Region

Brookfield is the second largest mall operator in America

Collin Creek MallPlano, TX

First Colony MallSugar Land, TX

North Star MallSan Antonio, TX

Sikes SenterWichita Falls, TX

The Shops at La CanteraSan Antonio, TX

The Woodlands MallThe Woodlands, TX

Town East MallMesquite, TX

Baybrook MallFriendswood, TX

Willowbrook MallHouston, TX

Deerbrook MallHumble, TX

Hulen MallFort Worth, TX

Stonebriar CentreFrisco, TX

The Parks at ArlingtonArlington, TX

Vista Ridge MallLewisville, TX

| Brookfield Asset Management Inc.6

Shopping Malls in the Midwest Region

Brookfield is the second largest mall operator in America

Market Place Shopping CenterChampaign, IL

Northbrook CourtNorthbrook, IL

Oakbrook CenterOak Brook, IL

Water Tower PlaceChicago, IL

Glenbrook SquareFort Wayne, IN

River FallsClarksville, IN

Westroads MallOmaha, NE

Columbia MallColumbia, MO

Plaza FrontenacSt. Louis, MO

Saint Louis GalleriaSt. Louis, MO

Oak View MallOmaha, NE

Southland CenterTaylor, MI

Spring Hill MallWest Dundee, IL

Birchwood MallFort Gratiot, MI

Lakeside MallSterling Heights, MI

Lansing MallLansing, MI

RiverTown CrossingsGrandville, MI

The CrossroadsPortage, MI

| Brookfield Asset Management Inc.7

Shopping Malls in the West Region

Brookfield is the second largest mall operator in America

Valley PlazaBakersfield, CA

Northridge Fashion CenterNorthridge, CA

Glendale GalleriaGlendale, CA

Otay Ranch Town CenterChula Vista, CA

Chula Vista CenterChula Vista, CA

Galleria at TylerRiverside, CA

Fallbrook CenterWest Hills, CA

West Valley MallTracy, CA

EastridgeSan Jose, CA

Stonestown GalleriaSan Francisco, CA

Ala Moana CenterHonolulu, HI

Prince Kuhio PlazaHilo, HI

Southwest PlazaLittleton, CO

Foothills Mall Fort Collins, CO

Park MeadowsLone Tree, CO

| Brookfield Asset Management Inc.8

Shopping Malls in the West Region

Brookfield is the second largest mall operator in America

Gateway MallSpringfield, OR

Pioneer PlacePortland, OR

Salem CenterSalem, OR

Bellis FairBellingham, WA

SouthShore MallAberdeen, WA

Three Rivers MallKelso, WA

AlderwoodLynnwood, WA

Spokane Valley MallSpokane Valley, WA

NorthTown MallSpokane, WA

Fashion PlaceMurray, UT

Newgate MallOgden, UT

Provo Towne CentreProvo, UT

Red Cliffs MallSt. George, UT

Clackamas Town CenterHappy Valley, OR

Rogue Valley MallMedford, OR

Fashion ShowLas Vegas, NV

Meadows MallLas Vegas, NV

The Boulevard MallLas Vegas, NV

The Grand Canal ShoppesLas Vegas, NV

The Shoppes at The PalazzoLas Vegas, NV

| Brookfield Asset Management Inc.9

Residential Development

Our residential platform focuses on land development and home and condominium operations in select global markets.

In the US, we are a leading developer of Master planned communities in four states.

United States Brazil

• Master-planned communities and homebuilder

• California, Washington DC area, Colorado, Texas

• 52,100 lots owned/optioned

Canada Australia

• Master-planned communities and homebuilder

• Calgary, Edmonton, Toronto

• 56,200 lots owned

• Condominiums

• 64 million sq. ft. of development

• Master-planned communities and apartments

• 11,000 lots and apartments

| Brookfield Asset Management Inc.10

Brookfield Homes – Developments in the South Region

The Preserve at Goose CreekAshburn, VA

Little River PreserveChantilly, VA

SaranacGainesville, VA

Waterford Manor at Catoctin CreekLeesburg, VA

Blanco VistaAustin, TX

| Brookfield Asset Management Inc.11

Brookfield Homes – New Developments in the West Region

The Garden House at Colony Park AnaheimAnaheim, CA

The Town House at Colony Park AnaheimAnaheim, CA

Botanika at RosedaleAzusa, CA

Rockrose at The FoothillsCarlsbad, CA

Sago at The FoothillsCarlsbad, CA

Cordova at Winding WalkChula Vista, CA

Trellis at Winding WalkChula Vista, CA

Cottages at ParklaneDixon, CA

Greenwich at ParklaneDixon, CA

Newbury at ParklaneDixon, CA

Mariposa at Jordan RanchDublin, CA

Windwood at Jordan RanchDublin, CA

| Brookfield Asset Management Inc.12

Brookfield Homes – New Developments in the West Region

Montecito at WoodburyIrvine, CA

Belcourt at EdenglenOntario, CA

Edenglen in OntarioOntario, CA

GreenDoor at EdenglenOntario, CA

Cypress at University ParkRohnert Park, CA

Magnolia at University ParkRohnert Park, CA

Mulberry at University ParkRohnert Park, CA

University ParkRohnert Park, CA

WestburySan Jose, CA

MahoganySan Marcos, CA

BrooksideSanta Clara County, CA

Serenity at Stonebridge EstatesScripps Ranch, CA

The Coconut PlantationKo'Olina Oahu, HI

| Brookfield Asset Management Inc.13

Brookfield Homes – Existing Developments in the West Region

WoodlandsAliso Viejo, CA

LaVinia CrestAltadena, CA

LaVinia OaksAltadena, CA

AnacapaAnaheim, CA

Cantada LaneAnaheim, CA

Cantada SquareAnaheim, CA

Harmony at Colony ParkAnaheim, CA

Legacy at Colony ParkAnaheim, CA

PicadillyAnaheim, CA

Landmark at The RidgeBrisbane, CA

Viewpoint at The RidgeBrisbane, CA

Mulberry CasitaChino, CA

Mulberry CottageChino, CA

Verdi at VellanoChino Hills, CA

Vantage Luxury TownhomesDiamond Bar, CA

Vantage Terrace HomesDiamond Bar, CA

EstanciaDos Vientos Ranch, CA

VirazonDos Vientos Ranch, CA

AshburyHuntington Beach, CA

ClaremoreHuntington Beach, CA

Arden SquareIrvine, CA

CarlyleIrvine, CA

CitrusIrvine, CA

GlenneyreIrvine, CA

Monterey at Woodbury EastIrvine, CA

Paloma at Portola SpringsIrvine, CA

TREOIrvine, CA

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Brookfield Homes – Existing Developments in the West Region

SarasotaLadera Ranch, CA

WyethLadera Ranch, CA

CienegaLong Beach, CA

Coronado in Long BeachLong Beach, CA

StradaNewport Beach, CA

AubergineNewport Coast, CA

CassisNewport Coast, CA

TesoroNewport Coast, CA

The StrandNewport Coast, CA

ZianiNewport Coast, CA

Gatehouse at EdenglenOntario, CA

Portico at EdenglenOntario, CA

The Cottages at EdenglenOntario, CA

Capri CourtPlaya Vista, CA

Careyes at TalegaSan Clemente, CA

Farralon RidgeSan Clemente, CA

San LucarSan Clemente, CA

Campton at WindemereSan Ramon, CA

Emory at WindemereSan Ramon, CA

Hawthorne at WindemereSan Ramon, CA

Santorini at WindemereSan Ramon, CA

Saville at WindemereSan Ramon, CA

EmersonTustin Ranch, CA

BackBayValencia, CA

ShuttersValencia, CA

The MastersValencia, CA

Tallyn’s ReachDenver, CO

Brighton CrossingDenver, CO

SolterraDenver, CO

| Brookfield Asset Management Inc.15

Multifamily Platform: United States

Our multifamily platform has recently been expanded by our acquisition of a majority interest(1) in Fairfield Residential (“Fairfield”).

Fairfield is one of the largest vertically-integrated multifamily service providers in the U.S.

Fairfield provides a range of services including acquisitions, development, construction, renovation, property management and asset management

– Ranked 17th largest apartment manager in the U.S.(2) with 47,650 apartments under management, primarily in major coastal U.S. markets

– Built over 300 multifamily properties totaling over 95,000 apartments with total cost in excess of $10 billion

(1) Brookfield owns 65% of Fairfield Residential.(2) Ranking as at January 2011 by the National Multi Housing Council (“NMHC”).

| Brookfield Asset Management Inc.16

Residential Development

Our residential platform focuses on land development and home and condominium operations in select global markets.

In the US, we are a leading developer of Master planned communities in four states.

United States Brazil

• Master-planned communities and homebuilder

• California, Washington DC area, Colorado, Texas

• 52,100 lots owned/optioned

Canada Australia

• Master-planned communities and homebuilder

• Calgary, Edmonton, Toronto

• 56,200 lots owned

• Condominiums

• 64 million sq. ft. of development

• Master-planned communities and apartments

• 11,000 lots and apartments

| Brookfield Asset Management Inc.17

Multifamily Platform: United States

Our multifamily platform has recently been expanded by our acquisition of a majority interest(1) in Fairfield Residential (“Fairfield”).

Fairfield is one of the largest vertically-integrated multifamily service providers in the U.S.

Fairfield provides a range of services including acquisitions, development, construction, renovation, property management and asset management

– Ranked 17th largest apartment manager in the U.S.(2) with 47,650 apartments under management, primarily in major coastal U.S. markets

– Built over 300 multifamily properties totaling over 95,000 apartments with total cost in excess of $10 billion

(1) Brookfield owns 65% of Fairfield Residential.(2) Ranking as at January 2011 by the National Multi Housing Council (“NMHC”).

| Brookfield Asset Management Inc.18

Fairfield Residential – Ownership in the Northeast Region

The Hawthorne at Gillette Ridge

Bloomfield, CT

BroadmoorHamden, CT

Middletown BrookeMiddletown, CT

Middletown RidgeMiddletown, CT

ArdenwoodApartment HomesNorth Haven, CT

597 WestportNorwalk, CT

Cornerstone at BedfordStamford, CT

FoxwoodNewark, DE

Station 250 Dedham, MA

Ashford Crossing Shrewsbury, MA

Addison at Andover Park

South Lawrence, MA

Carson Tower South Boston, MA

River Pointe at Den Rock Lawrence, MA

| Brookfield Asset Management Inc.19

Fairfield Residential – Ownership in the Northeast Region

The FairwaysDerry, NH

Colonial VillageManchester, NH

Countryside VillageManchester, NH

The HighlandsManchester, NH

Greenview VillageManchester, NH

Hilltop Ridge at Washington ParkManchester, NH

Regency PlaceManchester, NH

Ramblewood VillageMt. Laurel, NJ

| Brookfield Asset Management Inc.20

Fairfield Residential – Ownership in the South Region

Hampton HollowSilver Spring, MD

Highland SquareSilver Spring, MD

Alcazar ApartmentsWashington, DC

Mayflower Seaside Apartments

Virginia Beach, VA

The Preserve at Caton's CrossingWoodbridge, VA

BerkdaleHerdon, VA

Bailey's CrossingAlexandria, VA

ParklaneGaithersburg, MD

Kendall RidgeColumbia, MD

The BarringtonSilver Spring, MD

The CameronSilver Spring, MD

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Fairfield Residential – Ownership in the South Region

Vista at the ParkCary, NC

North Pointe CommonsDurham, NC

The Exchange at AthensAthens, GA

BellinghamMarietta, GA

Autumn WoodsCarrboro, NC

Pavilion CrossingsCharlotte, NC Windsor Falls

Raleigh, NC

The Point at PerimeterDunwoody, GA

The Apartments at Radbourne Lake

Charlotte, NC

Olde RaleighRaleigh, NC 2924 Clairmont

Atlanta, GA

The Exchange at StatesboroStatesboro, GA

Oak PointeCharlotte, NC

Regatta at Lake LynnRaleigh, NC

Virginia HighlandsAtlanta, GA

Laurels at Morgan FallsSandy Springs, GA

| Brookfield Asset Management Inc.22

Fairfield Residential – Ownership in the South Region

Banyan BayJacksonville, FL

Emerald Bay Club ApartmentsBoca Raton, FL

Fishermans LandingCoconut Creek, FL

BayberryWest Palm Beach, FL

Vista Grande at Tampa PalmsTampa, FL

San TropezPembroke Pines, FL

Amara at MetrowestOrlando, FL

Deerwood VillageOcala, FL

The AshlarMiramar, FL

Villa TuscanyOrlando, FL

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Fairfield Residential – Ownership in the South Region

15777 QuorumAddison, TX

HeatherstoneDallas, TX

Estates & Terraces at SouthPark Meadows

Austin, TX

Dana PointDallas, TX

University Towers AustinAustin, TX

The VersaillesDallas, TX

The VistaDallas, TX

925 Main StreetGrapevine, TX

The CortonaFairview, TX

MilanHouston, TX

Legends at Chase OaksPlano, TX

Lakeland EstatesStafford, TX

The Point at DeerfieldPlano, TX

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Fairfield Residential – Ownership in the West Region

LuceraMesa, AZ

LunaireGoodyear, AZ

BelaraPhoenix, AZ

SerafinaGoodyear, AZ

Palms at Augusta RanchMesa, AZ

The TraditionsMesa, AZ

VillettaMesa, AZ

Grigio Tempe Town LakeTempe, AZ

SummertreeScottsdale, AZ

VersanteTempe, AZ

Wyngate at Sycamore FarmsSurprise, AZ

Walden GlenBuena Park, CA

BristolDixon, CA

Alta VistaEscondido, CA

EllingtonDavis, CA

Avery ParkFairfield, CA

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Fairfield Residential – Ownership in the West Region

BenningtonFairfield, CA

Pravada at Grossmont TrolleyLa Mesa, CA

Alterra at Grossmont TrolleyLa Mesa, CA

MontelenaHayward, CA

WyndoverNovato, CA

CantabriaMenifee, CA

Emerald TerraceLos Angeles, CA

RidgestoneLake Elsinore, CA

BaycliffRichmond, CA

BelmontPittsburg, CA

SummerlynPoway, CA

Sienna VistaSacramento, CA

TuscaroSacramento, CA

WatercrestSacramento, CA

Canyon RimSan Diego, CA

The StrattonSan Diego, CA

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Fairfield Residential – Ownership in the West Region

WestbrookSan Diego, CA

TurnleafSan Jose, CA Rancho Corrales

Simi Valley, CA

Westchester ParkTustin, CA

AvenelSan Jose, CA

MuirlandsSan Ramon, CA

Rockwood at the CascadesSylmar, CA

DakotaWinchester, CA

ThornbridgeSan Jose, CA

The Plaza at the ArboretumSanta Monica, CA

MilanoTorrance, CA Carabella at Warner Center

Woodland Hills, CA

TrestlesSan Jose, CA

MaribelleSanta Rosa, CA

WaterstoneTracy, CA

CarillonWoodland Hills, CA

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Fairfield Residential – Ownership in the West Region

ArabellaDenver, CO

Hampden HeightsDenver, CO

Deer Crest Apartment Homes Bloomfield, CO

6515 Union Apartments Denver, CO

Legend OaksDenver, CO

Talavera Denver, CO

BallantyneEnglewood, CO

Legacy HeightsFederal Heights, CO

Strathmore ParkLafayette, CO

PresidioDenver, CO

Red RocksLakewood, CO

TimberleafLakewood, CO

Promenade at Hunter's GlenThornton, CO

Westbury Westminster, CO

RidgemoorLakewood, CO

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Fairfield Residential – Ownership in the West Region

LoretoLas Vegas, NV

MosaicLas Vegas, NV

Mountain GateLas Vegas, NV

Mountain TrailsLas Vegas, NV

Liberty Square at ProvidenceLas Vegas, NV

AvantiLas Vegas, NV

Villa SerenaHenderson, NV

The WellingtonLas Vegas, NV

PalacioLas Vegas, NV

North CreekEverett, WA

Glen Park at West CampusFederal Way, WA

Maple GlenMountlake Terrace, WA

SanctuaryRenton, WA

The ReserveRenton, WA

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Resorts

| Brookfield Asset Management Inc.30

Commercial Office Markets

Our office portfolio is concentrated in some of the world’s most stable and sophisticated property markets,

with a particular focus in the U.S. In addition we have over 24 million sq. ft. of office development globally.

7.2 msf

8.8 msf Services & Other

11.5 msf

22.5 msf

Energy

Financial Services

Government Centers

CANADA29 Office Buildings

21 million sq ft

Toronto

Calgary

Ottawa

Vancouver

UNITED STATES62 Office Buildings

50 million sq ft

New York

Washington, D.C.

Houston

Los Angeles

Denver

Boston

Minneapolis

Total area in square feet

UNITED KINGDOM

10 Office Building

7 million sq ft

London

AUSTRALIA24 Office Buildings

10 million sq ftSydney

BrisbanePerth

MelbourneCanberra

7.2m Washington, DC

5.7m Los Angeles

1.8m Denver

20.2m New York

2.3m Boston

3.1m Minneapolis

9.7m Houston

Note: excludes office properties held in private funds

| Brookfield Asset Management Inc.31

Office Buildings in the Northeast Region

Brookfield is among the largest Commercial landlords in the world

New York, NY — Midtown New York, NY — Lower Manhattan

Boston, MA

| Brookfield Asset Management Inc.32

Office Buildings in the South Region (Washington DC)

Brookfield is among the largest Commercial landlords in the world

| Brookfield Asset Management Inc.33

Office Buildings in the South Region (Houston, TX)

Brookfield is among the largest Commercial landlords in the world

| Brookfield Asset Management Inc.34

Office Buildings in the West

Brookfield is among the largest Commercial landlords in the world

Los Angeles, CA

Long Beach, CA

Marina Del Ray, CA

Denver, CO

| Brookfield Asset Management Inc.35

Brookfield Residential Property Services: Global Footprint

BROOKFIELD RESIDENTIAL PROPERTY SERVICES

•2,500 employees

•Offices in 9 countries

*at December 6, 2011

Brookfield international operations have been growing at greater than 30% per year.

| Brookfield Asset Management Inc.36

Brookfield – Focused Global Reach

100 offices or locations | 500 investment professionals | 18,000 operating employees

North America$112 billion AUM

South America$15 billion AUM

UK, Western Europe & Middle East

$5 billion AUMAsia & Australasia

$14 billion AUM

| Brookfield Asset Management Inc.37

Investing and Succeeding in The Residential Real Estate Sector

2009 2010 20112008

Acquired La Capitale Real Estate Network (now Via Capitale)Quebec-based real estate franchise system

Acquired GMAC Home ServicesPurchase includes GMAC Global Relocation Services and GMAC Real Estate, a U.S.-based franchise system

Royal LePage Relocation Services and GMAC Global Relocations Services merged to create Brookfield Global Relocation Services

Acquired Real LivingU.S.-based franchise system

Conversion of GMAC Real Estate network to Real Living and launch of new Real Living Platform

Opened Offices in Mumbai and Bangalore,

India

Opened Office in Brisbane, Australia

Opened Office in Sao Paulo, Brazil

Acquired Prudential Real Estate and Relocation

Renewed Government of Canada Relocation contract for 5 – 7 years4th consecutive competitive win

Despite turmoil in the industry, Brookfield continues to invest and grow.

| Brookfield Asset Management Inc.38

• 14,000 agents

• Over 600 locations across Canada

• Approx. 10,000 agents

• More than 400 offices across the U.S. and Portugal

• Approx. 1,500 agents

• More than 65 locations across Quebec

• 54,000 agents

• Over 1,600 locations across North America and Mexico

The 3rd largest real estate franchisor in North America with close to 80,000 agents and 2,800 locations.

Brookfield RPS - Residential Real Estate Footprint

Real Estate Franchising: Expanded Capabilities & Geographic Footprint