EXHIBIT 10.20  SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED OPERATING AGREEMENT OF GGPLP L.L.C.  THIS SIXTH AMENDMENT (the Amendment) is made and entered into this 12th day of November, 2004, by and among the undersigned parties.  W I T N E S S E T H:  WHEREAS, a Delaware limited liability company known as GGPLP L.L.C. (the Company) exists pursuant to the Delaware Limited Liability Company Act and that certain Second Amended and Restated Operating Agreement dated April 17, 2002, as amended (the Restated Agreement), among GGP Limited Partnership, a Delaware limited partnership (the Operating Partnership), GGP American Properties Inc., a Delaware corporation, Caledonian Holding Company, Inc., a Delaware corporation, General Growth Properties, Inc., a Delaware corporation (GGPI), and the other parties thereto;  WHEREAS, the Company made a distribution to the Operating Partnership of all of its membership interest in GGP Mezzanine One L.L.C., a Delaware limited liability company, and, in connection therewith, the Operating Partnerships Common Units (as defined in the Restated Agreement) were reduced; and  WHEREAS, the parties hereto, being all of the holders of Common Units of the Company, desire to amend the Restated Agreement to reflect the reduction in the Operating Partnerships Common Units described above.  NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows:  1.  CAPITALIZED TERMS. Capitalized terms used but not defined herein shall have the definitions assigned to such terms in the Restated Agreement, as amended hereby.  2.  NEW SCHEDULE A. Schedule A to the Restated Agreement, identifying the Members and the number and type of Units owned by them, is hereby deleted in its entirety and the Schedule A in the form attached hereto is hereby inserted in its place and stead.  3.  OTHER PROVISIONS UNAFFECTED. Except as expressly amended hereby, the Restated Agreement shall remain in full force and effect in accordance with its terms.  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the day and year first above written.  MANAGING
  MEMBER:GGP
  LIMITED PARTNERSHIP, a Delawarelimited
  partnershipBy:
  GENERAL
  GROWTH PROPERTIES, INC.,a
  Delaware corporation, its general partnerBy:
  /s/
  Bernard FreibaumBernard
  Freibaum, Executive VicePresidentCERTAIN
  OTHER MEMBERS:CALEDONIAN
  HOLDING COMPANY, INC., aDelaware
  corporationBy:
  /s/ Bernard FreibaumBernard
  Freibaum, Vice PresidentGGP AMERICAN PROPERTIES INC., aDelaware corporationBy:
  /s/
  Bernard FreibaumBernard Freibaum, Vice President


SCHEDULE A  MEMBERS  Member
  
  Common Units
  
  Preferred UnitsGGP Limited Partnership
  
  825,273
  
  0Caledonian Holding Company, Inc.
  
  29,600
  
  0GGP American Properties Inc.
  
  58,500
  
  0GSEP 2000 Realty Corp.
  
  0
  
  700,000 Series A Preferred UnitsGSEP 2002 Realty Corp.
  
  0
  
  240,000 Series B Preferred UnitsDA Retail Investments, LLC
  
  0
  
  20,000 Series C Preferred Units  A-1