General Growth Properties, Inc. (312-960-5000) is acquiring JP Realty, Inc. for about $1.1 billion, including about $40 million in cash, the assumption of about $460 million of existing debt and $116 million of existing preferred operating units. JP Realty, Inc.’s portfolio includes 18 regional malls comprising about 10.3 million sq.ft. of GLA in eight states and 26 community centers with total GLA of 3.4 million sq.ft. The portfolio also includes about 1.3 million sq.ft. of industrial properties. General Growth Properties, Inc. owns interest in and/or manages 141 shopping centers in 39 states, comprising about 125 million sq.ft.