SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Future Fund Board of Guardians (Last) (First) (Middle) LEVEL 43, 120 COLLINS STREET (Street) MELBOURNE AUSTRALIA C3 VIC 300 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Rouse Properties, Inc. [ RSE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 03/08/2012
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, Par Value $0.01 per share	03/08/2012		J(1)		2,012,058	D(1)	$14.73(2)	0	I	See footnote(1)
Common Stock, Par Value $0.01 per share	03/08/2012		J(1)		2,012,058	A(1)	$14.73(2)	2,012,058	I	See footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Change only in form of pecuniary interest. On March 8, 2012, Brookfield Retail Holdings II LLC ("BRH II"), the investment vehicle through which the Reporting Person may be deemed to indirectly beneficially own shares of common stock of the Issuer (the "Shares"), contributed 2,012,058 Shares directly beneficially owned by BRH II to Brookfield Retail Holding R 1 Inc. ("Holdco"). In exchange for such contribution, BRH II acquired (i) 223.082 shares in Holdco representing a proportionate interest in Holdco equivalent to 2,012,058 of the Shares directly held by Holdco following the contribution and (ii) pursuant to a loan agreement, a note with Holdco in a principal amount of $12,492,592.00, which accrues interest at a rate of 8% per annum. As a result of the contribution of Shares in exchange for an issuance to BRH II of shares in Holdco, the Reporting Person's rights with respect to the Shares did not change.

2. Change only in form of pecuniary interest. Price represents closing market price of Shares on date of contribution.

Remarks:

	Future Fund Board of Guardians, By: /s/ Gordon McKellar	03/12/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.