 | This article contains promotional content. (January 2025) |
 | |
| Company type | Subsidiary[1] |
|---|---|
| ISIN | BMG162491499 BMG162491564 BMG162491648  |
| Industry | Commercial property |
| Founded | January 3, 2013[1] |
| Headquarters | Hamilton, Bermuda[1] |
Area served | United States, Canada, Australia, Europe, Brazil, and Asia[1] |
Key people | |
| Products | Commercial property |
| Revenue |  US$9.483 billion (2023)[1] |
 -US$1.849 billion (2023)[1] | |
| Total assets | US$131.577 billion (2023)[1] |
| Total equity | US$48.587 billion (2023)[1] |
Number of employees | 30,200, including affiliates[1] |
| Parent | Brookfield Corporation |
| Subsidiaries | Brookfield Properties (35.89% general partnership interest) |
| Website | bpy |
| Footnotes / references [1][2] | |
Brookfield Property Partners L.P., headquartered in Hamilton, Bermuda, owns office buildings and shopping centers / shopping malls as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property.[1]
The partnership is a wholly-owned subsidiary of Brookfield Corporation; however, it has outstanding publicly-traded preferred stock. The partnership owns a 35.89% general partnership interest in Brookfield Properties; while a 63.46% beneficial interest in Brookfield Properties is owned by Brookfield Corporation.[1]
The partnership was formed in January 2013. In April 2013, Brookfield Corporation completed the corporate spin-off of the partnership. In August 2018, the partnership acquired the interests in GGP Inc. that it did not already own. In July 2021, the partnership once again became a wholly-owned subsidiary of Brookfield Corporation.[1]
In 2023, approximately 65% of the partnership's revenues were generated in the United States, while 35% of revenues originated from Canada, Australia, the United Kingdom, Europe, Brazil and Asia.[1]