GGP Adds 3 New Directors

General Growth Properties, a Chicago-based real estate investment trust, has added three new members to its board of directors.Two of the new directors -- Bernard Freibaum, GGP's executive vice president and chief financial officer, and Frank S. Ptak -- were appointed by the board itself, the retail REIT said. Mr. Freibaum joined GGP in 1993 and has 20 years of experience in the real estate and professional services industries. Mr. Ptak is vice chairman of Illinois Tool Works and has also served as a senior auditor for Arthur Young & Co. In addition, John T. Riordan was elected to the board by shareholders at GGP's annual meeting in May, the REIT said. Mr. Riordan was most recently vice chairman of the International Council of Shopping Centers and chairman of the Center for Real Estate at the Massachusetts Institute of Technology. GGP can be found online at http://www.generalgrowth.com.