Brookfield Properties

American Equity Announces Strategic Partnership With Brookfield Asset Management to Accelerate AEL 2.0 Value-Creation Strategy

Sunday, October 18, 2020 - 8:00pm

American Equity will receive access to Brookfield investments in targeted asset classes as part of the strategic partnership.

Key Points: 
  • American Equity will receive access to Brookfield investments in targeted asset classes as part of the strategic partnership.
  • As part of this strategic partnership, Brookfield will acquire a 19.9% ownership interest in the common shares of American Equity.
  • Brookfield will also receive one seat on American Equitys Board of Directors following the initial equity investment.
  • We look forward to supporting American Equity in advancing its AEL 2.0 strategy which is well-positioned to create value for all stakeholders.

Brookfield Property Partners to Hold Conference Call & Webcast of Third Quarter 2020 Financial Results Friday, November 6, 2020 at 11:00 AM (ET)

Friday, October 9, 2020 - 3:32pm

BROOKFIELD NEWS, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its third quarter 2020 financial results will be released before the market open on Friday, November 6, 2020.

Key Points: 
  • BROOKFIELD NEWS, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its third quarter 2020 financial results will be released before the market open on Friday, November 6, 2020.
  • 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 $86 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 $550 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq stock market and the Toronto stock exchange.

FCPT Announces Acquisition of a Wells Fargo Branch from Brookfield Properties for $1.8 Million

Wednesday, September 23, 2020 - 9:26pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Wells Fargo retail branch for $1.8 million from the Brookfield Properties transaction previously announced in October 2019.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Wells Fargo retail branch for $1.8 million from the Brookfield Properties transaction previously announced in October 2019.
  • The Brookfield Properties portfolio transaction was priced at a cap rate in range with previous FCPT transactions.
  • Inclusive of todays acquisition, FCPT has acquired a total of 16 properties for $27 million related to the Brookfield portfolio announced in October 2019.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

ICD Brookfield Place Selects Facilio to Deliver on a Connected & Sustainable Built Environment

Wednesday, September 23, 2020 - 1:31pm

NEW YORK, Sept. 23, 2020 /PRNewswire/ -- Facilio, a leading AI-driven property operations platform, announced today that it has been chosen by ICD Brookfield Place (ICDBP) to optimize building performance and deliver real-time operational intelligence.

Key Points: 
  • NEW YORK, Sept. 23, 2020 /PRNewswire/ -- Facilio, a leading AI-driven property operations platform, announced today that it has been chosen by ICD Brookfield Place (ICDBP) to optimize building performance and deliver real-time operational intelligence.
  • ICDBP, a joint venture between Investment Corporation of Dubai (ICD) and Brookfield Properties, is one of Dubai's premier lifestyle and business destinations.
  • As we look forward to launching the workplace of the future, we are proud to work with a partner like Facilio," said Rob Devereux, CEO of ICD Brookfield.
  • For more information about ICD Brookfield Place, please visit: www.icdbrookfieldplace.com
    Facilio's AI-driven property operations platform allows real estate owners to aggregate building data, optimize performance, and control portfolio operations - all from one place.

Center for Active Design Launches Fitwel Viral Response Module

Wednesday, September 16, 2020 - 3:08pm

NEW YORK, Sept. 16, 2020 /PRNewswire/ --Fitwel, the healthy building certification system operated by The Center for Active Design (CfAD), today announced the formal launch of its Viral Response module, with additional commitments for adoption from leading companies, including BentallGreenOak, Boston Properties, Brookfield Properties, DLC Europe, Hudson Pacific Properties, Kilroy Realty Corporation, Nuveen Real Estate, and The Tower Companies.

Key Points: 
  • NEW YORK, Sept. 16, 2020 /PRNewswire/ --Fitwel, the healthy building certification system operated by The Center for Active Design (CfAD), today announced the formal launch of its Viral Response module, with additional commitments for adoption from leading companies, including BentallGreenOak, Boston Properties, Brookfield Properties, DLC Europe, Hudson Pacific Properties, Kilroy Realty Corporation, Nuveen Real Estate, and The Tower Companies.
  • Unlike other products, Fitwel's Viral Response module requires that companies follow a set of baseline strategies actions that are necessary to mitigate the spread of infectious respiratory diseases such as COVID-19.
  • The Viral Response module was developed to set the industry standard in response to COVID-19, and it represents an evolution of Fitwel's efforts to promote health and wellness in the built environment."
  • The CDC remains the research and evaluation partner for Fitwel.The Center for Active Design, a global not-for-profit organization, was selected as the licensed operator of Fitwel, charged with expanding Fitwel to the global market.

Brookfield Residential Announces Renewal of $675 Million North American Unsecured Revolving Credit Facility

Tuesday, September 8, 2020 - 6:14pm

CALGARY, Alberta, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Brookfield Residential Properties Inc. and Brookfield Residential US LLC (collectively, Brookfield Residential or the Company) today announced that the Company finalized the amendment and extension of the unsecured revolving credit facility.

Key Points: 
  • CALGARY, Alberta, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Brookfield Residential Properties Inc. and Brookfield Residential US LLC (collectively, Brookfield Residential or the Company) today announced that the Company finalized the amendment and extension of the unsecured revolving credit facility.
  • The North American unsecured revolving credit facility remained at $675 million and was extended through September 2022 on substantially the same terms and conditions.
  • Brookfield Residential Properties Inc. is a leading land developer and homebuilder in North America.
  • We are the flagship North American residential property company of Brookfield Asset Management, a leading global alternative asset manager with over $550 billion of assets under management.

Brookfield Property Partners Announces Final Results of Substantial Issuer Bid

Wednesday, September 2, 2020 - 10:41pm

BROOKFIELD NEWS, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (BPY) (NASDAQ: BPY; TSX: BPY.UN) announced today the final results of its substantial issuer bid (the Offer) to purchase up to 74,166,670 BPY units from public unitholders for a fixed cash price of $12.00 per unit, which expired at 5:00pm (Eastern Time) on August 28, 2020.

Key Points: 
  • BROOKFIELD NEWS, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (BPY) (NASDAQ: BPY; TSX: BPY.UN) announced today the final results of its substantial issuer bid (the Offer) to purchase up to 74,166,670 BPY units from public unitholders for a fixed cash price of $12.00 per unit, which expired at 5:00pm (Eastern Time) on August 28, 2020.
  • 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 $86 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 $550 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange.

Brookfield Office Properties Announces Quarterly Dividend Rate On Its Series S Preference Shares

Tuesday, September 1, 2020 - 7:31pm

BROOKFIELD NEWS, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners L.P., today announced the quarterly dividend rate on its Class AAA Preference Shares, Series S (Series S Shares) (TSX: BPO.PR.S).

Key Points: 
  • BROOKFIELD NEWS, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners L.P., today announced the quarterly dividend rate on its Class AAA Preference Shares, Series S (Series S Shares) (TSX: BPO.PR.S).
  • The dividend is paid at an annual rate, calculated for each quarter, of 3.48% over the annual yield on three-month Government of Canada treasury bills.
  • The actual quarterly dividend rate in respect of the October 1, 2020 to December 31, 2020 dividend period for the Series S Shares will be 0.914960% (3.63% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.228740 per share, payable on December 31, 2020.
  • Brookfield Office Properties Inc. is a subsidiary of Brookfield Property Partners L.P., one of the worlds largest commercial real estate companies, with approximately $86 billion in total assets.

Brookfield Property Partners Reminds Unitholders of Substantial Issuer Bid Expiry

Monday, August 24, 2020 - 2:56pm

BROOKFIELD NEWS, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (BPY) (NASDAQ: BPY; TSX: BPY.UN) reminds unitholders that its previously announced substantial issuer bid (the Offer) to purchase up to$890 million of its limited partnership units (BPY units) for $12.00 per unit in cash will expire at 5:00 p.m. (Eastern time) on August 28, 2020.

Key Points: 
  • BROOKFIELD NEWS, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (BPY) (NASDAQ: BPY; TSX: BPY.UN) reminds unitholders that its previously announced substantial issuer bid (the Offer) to purchase up to$890 million of its limited partnership units (BPY units) for $12.00 per unit in cash will expire at 5:00 p.m. (Eastern time) on August 28, 2020.
  • 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 $86 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 $550 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange.

Brookfield Property REIT Inc. Announces Final Results of Tender Offer

Tuesday, August 18, 2020 - 10:45pm

BROOKFIELD NEWS, Aug. 18, 2020 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today the final results of its tender offer (the Offer) to purchase up to 9,166,667 shares of its ClassA Stock for cashat a price of $12.00 per share.

Key Points: 
  • BROOKFIELD NEWS, Aug. 18, 2020 (GLOBE NEWSWIRE) -- Brookfield Property REIT Inc. (NASDAQ: BPYU) announced today the final results of its tender offer (the Offer) to purchase up to 9,166,667 shares of its ClassA Stock for cashat a price of $12.00 per share.
  • About Brookfield Property REIT Inc.
    Brookfield Property REIT Inc. is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) one of the worlds premier real estate companies, with approximately $86 billion in total assets.
  • Brookfield Property REIT Inc. was created as a public security that is intended to offer economic equivalence to an investment in Brookfield Property Partners L.P. in the form of a U.S. REIT stock.
  • Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc. own and operate iconic properties in the worlds major markets, and its global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing.