King of Prussia Mall– Philadelphia, PA 2011 Annual Report  3 ABQ Uptown – Albuquerque, NM ACQUISITIONS In March of 2012, we invested $3.5 billion in two additional acquisition  transactions. We completed $1.8 billion of acquisitions in 2011. The most significant  transactions were:  An increase in ownership interest in King of Prussia from 12% to 96% – King of Prussia is one of the largest and most productive malls in the U.S.  Acquisition of 100% ownership in ABQ Uptown, a lifestyle center in  Albuquerque, New Mexico