Brookfield Properties Retail Group

Brookfield Asset Management Reaches Agreement with Brookfield Property Partners to Acquire 100% of BPY Units

Retrieved on: 
Thursday, April 1, 2021
Companies, Brookfield Properties Retail Group, Brookfield Property Partners, Brookfield Asset Management, Brookfield

BROOKFIELD NEWS, April 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (BPY) (NASDAQ: BPY; TSX: BPY.UN) announced today that they have reached agreement for Brookfield to acquire all of the limited partnership units of BPY (BPY units) at a value of $18.17 per BPY unit1 (the Enhanced Offer), to be completed by way of an Ontario court-approved plan of arrangement (Arrangement).

Key Points: 
  • BROOKFIELD NEWS, April 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (BPY) (NASDAQ: BPY; TSX: BPY.UN) announced today that they have reached agreement for Brookfield to acquire all of the limited partnership units of BPY (BPY units) at a value of $18.17 per BPY unit1 (the Enhanced Offer), to be completed by way of an Ontario court-approved plan of arrangement (Arrangement).
  • This represents total consideration of $6.5 billion payable to the unitholders of BPY other than Brookfield and its affiliates (public unitholders).
  • Brookfield Asset Management Inc. is a leading global alternative asset manager with US$600 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit.
  • Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A respectively.

Brookfield Property REIT Inc. Completes 2020 Annual Filings

Retrieved on: 
Monday, March 1, 2021
Companies, Real estate, Brookfield Properties Retail Group, Brookfield Property Partners, Real estate investment trust, Brookfield, Connecticut, Brookfield Properties, Brookfield Asset Management

BROOKFIELD NEWS, March 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that it has filed its 2020 annual report on Form 10-K, including its audited financial statements for the year ended December 31, 2020, with the SEC on EDGAR.

Key Points: 
  • BROOKFIELD NEWS, March 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that it has filed its 2020 annual report on Form 10-K, including its audited financial statements for the year ended December 31, 2020, with the SEC on EDGAR.
  • This document is also available on the website at https://bpy.brookfield.com/bpyu and a hard copy will be provided to shareholders and other interested parties free-of-charge upon request.
  • About Brookfield Property REIT Inc.
    Brookfield Property REIT Inc. (BPYU) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (BPY) one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, logistics, hospitality, triple net lease, manufactured housing and student housing assets.

Brookfield Property Partners Completes 2020 Annual Filings

Retrieved on: 
Monday, March 1, 2021
Companies, Real estate, Economy of Toronto, Brookfield Asset Management, Brookfield Properties Retail Group, Brookfield Property Partners, Brookfield, Connecticut, Real estate investment trust, Brookfield, Brookfield Properties, Companies listed on the Toronto Stock Exchange

BROOKFIELD NEWS, March 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) announced today that it has filed its 2020 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2020, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR.

Key Points: 
  • BROOKFIELD NEWS, March 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) announced today that it has filed its 2020 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2020, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR.
  • Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with approximately $600 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange.

UNITE HERE: Brookfield Asset Management’s Offer to Buyout Brookfield Property Partners Is Less Than What Brookfield Has Said the Assets Are Worth

Retrieved on: 
Thursday, February 11, 2021
Commercial Building & Real Estate, Construction & Property, Lodging, Finance, Travel, Banking, Professional services, REIT, Companies, Brookfield Properties Retail Group, Brookfield Property Partners, Economy of New York City, New York City, BPY, Brookfield Asset Management, New York Stock Exchange, Brookfield, Illinois, Brookfield

UNITE HERE, the hospitality union, has released a report questioning the price of Brookfield Asset Managements [NYSE: BAM] offer to buy out public investors of Brookfield Property Partners [NASDAQ: BPY] at $16.50 per unit.

Key Points: 
  • UNITE HERE, the hospitality union, has released a report questioning the price of Brookfield Asset Managements [NYSE: BAM] offer to buy out public investors of Brookfield Property Partners [NASDAQ: BPY] at $16.50 per unit.
  • The report analyzes pre- and post-pandemic statements by BPY and BAM consistently arguing that BPY is undervalued in the public markets and concludes that those statements point to a price between $19.50-$21.00 per unit.
  • The report presents these and other Brookfield-related quotes and substantiation for the following key points.
  • BAM has amassed $75 billion of capital and dry powder to invest in distressed assets and the post-pandemic economy.

Brookfield Property REIT Inc. Declares Quarterly Dividends

Retrieved on: 
Tuesday, February 2, 2021
Companies, Brookfield Properties Retail Group, Brookfield Property Partners, Real estate, New York City, Real estate investment trust, Dividend, Brookfield, Connecticut, NASDAQ, Brookfield Asset Management

BROOKFIELD NEWS, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share on its Class A Stock payable on March 31, 2021 to shareholders of record at the close of business on February 26, 2021.

Key Points: 
  • BROOKFIELD NEWS, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today that its Board of Directors has declared a quarterly dividend of $0.3325 per share on its Class A Stock payable on March 31, 2021 to shareholders of record at the close of business on February 26, 2021.
  • The Board of Directors has also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock (NASDAQ: BPYUP) of $0.39844 per share payable on April 1, 2021, to stockholders of record on March 15, 2021.
  • About Brookfield Property REIT Inc.
    Brookfield Property REIT Inc. (BPYU) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (BPY) one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, logistics, hospitality, self-storage, student housing and manufactured housing assets.

Seritage Growth Properties Provides 2020 Update

Retrieved on: 
Tuesday, January 26, 2021
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Real estate investment trust, Brookfield Properties Retail Group

Totals as of December 31, 2020 exclude Smaller Market assets.

Key Points: 
  • Totals as of December 31, 2020 exclude Smaller Market assets.
  • As of December 31, 2020, $31 million has now been incurred and $6 million of annual rental income has commenced.
  • As the Company previously disclosed on December 10, 2020, Benjamin W. Schall, the Chief Executive Officer, President and Trustee of Seritage Growth Properties, notified the Company of his resignation from the Company and the Board of Trustees to pursue another opportunity.
  • Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 158 wholly-owned properties and 25 unconsolidated properties totaling approximately 28.5 million square feet of space across 41 states and Puerto Rico.

Brookfield Property REIT Inc. Announces Tax Reporting Information for 2020 Distributions on Shares of Brookfield Property REIT Inc.

Retrieved on: 
Tuesday, January 19, 2021
Brookfield Properties Retail Group, Brookfield Property Partners, Real estate, Companies, Real estate investment trust, Brookfield, Connecticut, Taxability, Brookfield, Illinois, Brookfield, Massachusetts, Brookfield Asset Management

Registered holders of Brookfield Property REIT Inc. should contact American Stock Transfer & Trust Company, LLC at (800) 937-5449 for further information while beneficial owners should contact their broker with any questions pertaining to their tax forms.

Key Points: 
  • Registered holders of Brookfield Property REIT Inc. should contact American Stock Transfer & Trust Company, LLC at (800) 937-5449 for further information while beneficial owners should contact their broker with any questions pertaining to their tax forms.
  • Taxability of the 2020 distributions is not necessarily indicative of future distributions.
  • Brookfield Property REIT Inc. (BPYU) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (BPY) one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners owns and operatesiconic properties in the worlds major markets, and our global portfolio includes office, retail, multifamily, logistics,hospitality, self-storage, triple net lease, manufactured housing and student housing.

Brookfield Property Partners to Hold Conference Call & Webcast of Fourth Quarter and Full-Year 2020 Financial Results Tuesday, February 2, 2021 at 11:00 AM (ET)

Retrieved on: 
Tuesday, January 12, 2021
Companies, Real estate, Economy of Toronto, Brookfield Properties Retail Group, Brookfield Property Partners, Brookfield Asset Management, Brookfield, Real estate investment trust, Companies listed on the Toronto Stock Exchange, Brookfield Properties

BROOKFIELD NEWS, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its fourth quarter and full-year 2020 financial results will be released before the market open on Tuesday, February 2, 2021.

Key Points: 
  • BROOKFIELD NEWS, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its fourth quarter and full-year 2020 financial results will be released before the market open on Tuesday, February 2, 2021.
  • Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management, a leading global alternative asset manager with over $575 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq stock market and the Toronto stock exchange.

Brookfield Property Partners Acknowledges Brookfield Asset Management’s Privatization Proposal and Establishes a Committee of Independent Directors

Retrieved on: 
Monday, January 4, 2021
Companies, Real estate, Economy of Toronto, Brookfield Properties Retail Group, Brookfield Property Partners, Brookfield Asset Management, Brookfield Properties, Real estate investment trust, Brookfield, Connecticut, Brookfield, Companies listed on the Toronto Stock Exchange

The board of directors of the general partner of BPY has established a committee of independent directors to review and consider the proposal.

Key Points: 
  • The board of directors of the general partner of BPY has established a committee of independent directors to review and consider the proposal.
  • Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with approximately $575 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange.

Brookfield Property Partners Acknowledges Brookfield Asset Management’s Privatization Proposal and Establishes a Committee of Independent Directors

Retrieved on: 
Monday, January 4, 2021
Companies, Real estate, Brookfield Asset Management, Brookfield Properties Retail Group, Brookfield Property Partners, Economy of New York City, Real estate investment trust, NASDAQ, Brookfield Properties, Companies listed on the Toronto Stock Exchange

The board of directors of the general partner of BPY has established a committee of independent directors to review and consider the proposal.

Key Points: 
  • The board of directors of the general partner of BPY has established a committee of independent directors to review and consider the proposal.
  • BPY unitholders and BPYU shareholders do not need to take any action with respect to the proposal at this time.
  • Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange.