- $103 bil assets under management
- 345 premier office & retail properties
- 300 mil square feet
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Brookfield Property Group is Brookfield’s most significant investment platform, made up of our sector-specific operating platforms in the office, retail, multi-family, industrial and hotel asset classes. With approximately $103 billion of property assets under management and interests in over 300 million square feet of commercial space globally, we are one of the world’s largest and most sophisticated owners, operators and investors in property.
Brookfield has built its property platforms through the integration of formative portfolio acquisitions and single asset transactions over many decades. Our collaborative and disciplined approach to investing has been successful throughout ever-changing market cycles. Having invested over $19 billion of equity capital into real estate transactions since 1987, we have a significant track record of delivering strong, risk-adjusted returns to our investors in our many listed company and private partnership vehicles.
Brookfield Property Group is comprised of a deep pool of over 240 talented and experienced operational, asset management and investment professionals, supported by over 18,000 operational staff located in over 30 locations around the world. We are proud of our demonstrated operational expertise and our in-house property management, leasing, brokerage, development and construction capabilities adding value to our properties and de-risking assets.
Office Properties
Brookfield is a global leader in the ownership and management of high-quality office portfolios, owning, developing and managing premier office properties in the U.S., Canada, Australia and the UK, through a series of public and private vehicles.
Brookfield Office Properties (“BPO”), is our flagship publically listed global pure-play office company, and comprises the majority of our office portfolio and operational platform. Brookfield Asset Management Inc. owns 50% of BPO. In addition, Brookfield owns office assets around the world directly, and through our private funds.
Brookfield’s office portfolio is comprised of 134 office properties totaling approximately 90 million square feet of commercial space, and 26 office development sites with a total development pipeline of approximately 28 million square feet. These properties are primarily located in the downtown centres of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, Sydney, Melbourne and Perth. Some of our landmark properties include the World Financial Center in Manhattan, Brookfield Place in Toronto, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney and City Square in Perth.
Retail
Brookfield owns and manages interests in 182 retail assets, predominantly in the U.S. and Brazil. These properties encompass approximately 160 million square feet of retail space, primarily concentrated in the high-quality, U.S. based malls of
General Growth Properties, Inc (“GGP”). GGP's U.S. mall portfolio includes 70 Class A malls generating tenant sales of $635 per square foot. Brookfield and its investment partners control approximately 41% of GGP and 54% of
Rouse Properties, Inc ("RSE"), a US-based mall company that specializes in the re-development and re-vitalization of Class-B shopping malls. Rouse has a portfolio of 32 malls encompassing approximately 22 million square feet.
In addition,
Brookfield’s Brazil Retail Fund is a significant owner of shopping centres in Brazil. These properties are concentrated in premier locations in urban centers, and hold a dominant position in their respective trade areas. The portfolio includes fortress assets such as the Rio Sul Shopping Center in Rio de Janeiro and Shopping Pátio Paulista and Shopping Pátio Higienópolis in São Paulo.
Multifamily
Fairfield Residential (“Fairfield”) forms the basis of Brookfield’s multifamily platform in North America. Brookfield owns approximately 65% of Fairfield.
Fairfield is one of the largest vertically-integrated multifamily companies in the U.S. and provides a range of services including acquisitions, development, construction, renovation, property management and asset management. As of January 2012, Fairfield was ranked by the National Multi Housing Council (“NMHC”) as the 16th largest apartment manager in the U.S., with over 50,000 apartments under management. In addition, Brookfield owns approximately 15,600 multifamily units through its private funds.
Industrial
Brookfield has a partnership arrangement with Hillwood Industrial Partners for the acquisition of industrial properties in the U.S. Headquartered in Dallas, Texas, Hillwood has a fully-integrated, national platform where it currently owns or manages 30 million sq ft of industrial warehouse property and controls the second largest land bank in the U.S., totaling over 7,825 acres with 100 million sq ft of development potential.
In addition, Brookfield owns an 80% interest in an 18 million square foot industrial portfolio in the southern U.S. and Mexico with a $900 million enterprise value.
For more information on Brookfield's residential development & construction projects around the globe, please visit our Private Equity & Development section.