Brookfield Property Partners

Brookfield Property Partners Completes 2023 Annual Filings

Retrieved on:

Friday, March 1, 2024

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BROOKFIELD NEWS, March 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners announced today that it has filed its 2023 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2023, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR+.

Key Points:

BROOKFIELD NEWS, March 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners announced today that it has filed its 2023 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2023, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR+.
These documents are also available at bpy.brookfield.com .
Brookfield Property Partners is one of the world’s premier real estate companies.
Brookfield Property Partners is a subsidiary of Brookfield Corporation (NYSE: BN, TSX: BN).

Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Retrieved on:

Wednesday, February 21, 2024

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BROOKFIELD NEWS, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on or before March 31, 2024, to holders of record at the close of business on March 1, 2024.

Key Points:

BROOKFIELD NEWS, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on or before March 31, 2024, to holders of record at the close of business on March 1, 2024.
Brookfield Property Partners is one of the world’s premier real estate companies.
We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing and self-storage.
Brookfield Property Partners is a subsidiary of Brookfield Corporation (NYSE: BN, TSX: BN).

Brookfield Office Properties Provides Update On Conversion Option For Its Class AAA Series T Preference Shares

Retrieved on:

Tuesday, December 19, 2023

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BROOKFIELD NEWS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Brookfield Office Properties Inc. (“Brookfield”), a subsidiary of Brookfield Property Partners L.P., today announced that after having taken into account all election notices received by the December 18, 2023 deadline for the conversion of the Class AAA Preference Shares, Series T (the “Series T Shares”) (TSX: BPO.PR.T) into Class AAA Preference Shares, Series U (the “Series U Shares”), the holders of Series T Shares are not entitled to convert their Series T Shares into Series U Shares. There were 312,514 Series T Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series U Shares.

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Not for distribution to U.S. newswire services nor for dissemination to the United States.
All amounts in Canadian dollars.
BROOKFIELD NEWS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Brookfield Office Properties Inc. (“Brookfield”), a subsidiary of Brookfield Property Partners L.P., today announced that after having taken into account all election notices received by the December 18, 2023 deadline for the conversion of the Class AAA Preference Shares, Series T (the “Series T Shares”) (TSX: BPO.PR.T) into Class AAA Preference Shares, Series U (the “Series U Shares”), the holders of Series T Shares are not entitled to convert their Series T Shares into Series U Shares.
There were 312,514 Series T Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series U Shares.

Brookfield Office Properties Announces Reset Dividend Rates and Conversion Privileges on Its Class AAA Series T Preference Shares

Retrieved on:

Friday, December 1, 2023

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BROOKFIELD NEWS, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners L.P., today announced the reset dividend rate on its Class AAA Preference Shares, Series T (“Series T Shares”) (TSX: BPO.PR.T).

Key Points:

BROOKFIELD NEWS, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners L.P., today announced the reset dividend rate on its Class AAA Preference Shares, Series T (“Series T Shares”) (TSX: BPO.PR.T).
Holders of Series T Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on December 18, 2023, to convert all or part of their Series T Shares, on a one-for-one basis, into Class AAA Preference Shares, Series U (the “Series U Shares”), effective December 31, 2023.
Holders of Series T Shares are not required to elect to convert all or any part of their Series T Shares into Series U Shares.
As provided in the share conditions of the Series T Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series T Shares outstanding after December 31, 2023, all remaining Series T Shares will be automatically converted into Series U Shares on a one-for-one basis effective December 31, 2023; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series U Shares outstanding after December 31, 2023, no Series T Shares will be permitted to be converted into Series U Shares.

Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Retrieved on:

Monday, November 13, 2023

Master limited partnership, NYSE, Brookfield (corporation), TSX, Brookfield Property Partners, NEWS

BROOKFIELD NEWS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on or before December 31, 2023, to holders of record at the close of business on December 1, 2023.

Key Points:

BROOKFIELD NEWS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on or before December 31, 2023, to holders of record at the close of business on December 1, 2023.
Brookfield Property Partners is one of the world’s premier real estate companies.
We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing and self-storage.
Brookfield Property Partners is a subsidiary of Brookfield Corporation (NYSE: BN, TSX: BN).

Billboard Near Insurance Regulator Warns Against Brookfield’s Potential Takeover of American Equity Life Insurance, Citing UNITE HERE Report

Retrieved on:

Wednesday, October 11, 2023

UNITE HERE launched a billboard today warning customers of American Equity Investment Life Insurance Company (NYSE:AEL), that it may be purchased by the Bermuda-based affiliate of Brookfield (NYSE:BN).

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UNITE HERE launched a billboard today warning customers of American Equity Investment Life Insurance Company (NYSE:AEL), that it may be purchased by the Bermuda-based affiliate of Brookfield (NYSE:BN).
The billboard is located less than a mile from the Iowa Insurance Division, the state agency that would need to approve any sale of Des Moines-based American Equity.
View the full release here: https://www.businesswire.com/news/home/20231011402266/en/
“Are you ready for Brookfield’s ‘office real estate apocalypse’?” the billboard asks.
The financial health of Brookfield’s commercial real estate holdings may be of interest to Iowa regulators and American Equity policyholders because of events following Brookfield’s acquisition of another life insurance company, American National (NASDAQ:ANAT).

UNITE HERE launches website compiling evidence of Brookfield’s defaulted and distressed commercial real estate for stakeholders, regulators and the public

Retrieved on:

Thursday, August 24, 2023

The financial health of Brookfield’s commercial real estate holdings may be of particular interest to current or potential policyholders of American National Insurance Group, the Texas-based insurer acquired by Brookfield in 2022.

Key Points:

The financial health of Brookfield’s commercial real estate holdings may be of particular interest to current or potential policyholders of American National Insurance Group, the Texas-based insurer acquired by Brookfield in 2022.
UNITE HERE’s research has uncovered over $1 billion in debt instruments that appear to be related to Brookfield’s real estate holdings on American National’s 2022 sworn Annual Statement.
“In the absence of guidance from regulators, we believe current and future policyholders should have as many of the facts as possible.
American National has at least $1 billion of Brookfield-related real estate debt on its investment books backing its customers’ policies.

Brookfield Property Partners Declares Quarterly Dividends on Listed Preferred Units

Retrieved on:

Friday, August 11, 2023

NEWS, TSX, Brookfield (corporation), Master limited partnership, NYSE, Brookfield Property Partners

BROOKFIELD NEWS, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on September 29, 2023, to holders of record at the close of business on September 1, 2023.

Key Points:

BROOKFIELD NEWS, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Brookfield Property Partners (“BPY” or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership’s Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX: BPYP.PR.A) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on September 29, 2023, to holders of record at the close of business on September 1, 2023.
Brookfield Property Partners is one of the world’s premier real estate companies.
We own and operate iconic properties in the world’s major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, single-family rentals, manufactured housing, student housing and self-storage.
Brookfield Property Partners is a subsidiary of Brookfield Corporation (NYSE: BN, TSX: BN).

UNITE HERE Alerts American National Insurance Agents to Dramatic Shift in Company’s Investment Strategy Since Acquisition by Brookfield Reinsurance

Retrieved on:

Thursday, July 27, 2023

UNITE HERE wrote to over 1,100 agents of American National Insurance Group on July 24, 2023, warning them that their company’s takeover by Bermuda-domiciled Brookfield Reinsurance (NYSE: BNRE) has brought about a shift in investment strategy for the assets backing the insurance products they sell, and urging them to contact their state insurance regulators for information.

Key Points:

UNITE HERE wrote to over 1,100 agents of American National Insurance Group on July 24, 2023, warning them that their company’s takeover by Bermuda-domiciled Brookfield Reinsurance (NYSE: BNRE) has brought about a shift in investment strategy for the assets backing the insurance products they sell, and urging them to contact their state insurance regulators for information.
Many of these investments were purchased from other Brookfield affiliates.
The letter asserts that related-party transactions normally require disclosure, but most of these investments were listed as “unaffiliated” in American National’s sworn annual statement.
“Current and future American National policyholders may not know that their insurance company has undergone such a dramatic shift in its investment strategy, or that their policies are now backed by investments in the ‘inherently risky’ private credit industry or the ‘office real estate apocalypse,’” the letter argues.

RealTrends + Tom Ferry The Thousand List Recognizes 48 eXp Realty Agents and Teams in 2023

Retrieved on:

Friday, June 9, 2023

MO, Brookfield Property Partners, International, PA, International Team, SC, Kushner Real Estate Group, CO, Grey, MN, LA, OK, Association of Independent Commercial Producers, Real estate, Sales, Renting, Fireworks, Retail

BELLINGHAM, Wash., June 09, 2023 (GLOBE NEWSWIRE) -- eXp Realty ®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced 48 eXp Realty agents and teams were named to the 2023 RealTrends + Tom Ferry’s The Thousand list , an annual, national program that ranks the top 500 agents and top 500 teams by transaction sides and sales volume.

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BELLINGHAM, Wash., June 09, 2023 (GLOBE NEWSWIRE) -- eXp Realty ®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced 48 eXp Realty agents and teams were named to the 2023 RealTrends + Tom Ferry’s The Thousand list , an annual, national program that ranks the top 500 agents and top 500 teams by transaction sides and sales volume.
“This is a tremendous honor to see eXp Realty agents and teams rank so highly among the top producers in the United States,” said Glenn Sanford, founder and CEO of eXp Realty.
“I am deeply proud of our 48 agents and teams recognized this year for their achievements.
Following are how eXp Realty agents ranked in the 2023 RealTrends + Tom Ferry’s The Thousand:
No.