Brookfield Property Partners

Overview

Brookfield Property Partners is a global commercial real estate company specializing in the ownership, operation, and investment of premier office and retail properties. With a diversified portfolio, the company holds interests in over 300 office and retail properties encompassing approximately 250 million square feet. Additionally, Brookfield Property Partners has investments in multifamily, industrial, hospitality, self-storage, student housing, and manufactured housing assets. The company's properties are located in major markets across North America, Europe, Australia, and Brazil. As of July 26, 2021, Brookfield Property Partners operates as a subsidiary of Brookfield Asset Management Inc., a leading global alternative asset manager with over $540 billion in assets under management. The company's portfolio includes iconic properties in gateway cities such as New York, London, Toronto, Los Angeles, Sydney, and Berlin. Brookfield Property Partners aims to generate total returns of 18-20% from its diversified portfolio. The company's core office portfolio comprises about 150 premier office properties in gateway cities, with an occupancy rate of 92% and an average lease term of more than 8 years. The core retail portfolio includes about 128 first-class retail properties throughout the U.S., with an occupancy rate of 95.1%. Brookfield Property Partners owns 25% of the top 400 malls in the U.S., which tend to outperform, and the changing retail landscape has created opportunities for the company to improve the productivity in these malls through redevelopments and inserting new technology to enhance the retail and dining experience. The company's business is organized into four operating platforms: office, retail, multifamily & industrial, and opportunistic investments. Brookfield Property Partners is listed on the New York and Toronto stock exchanges. Further information is available on the company's website.

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