Property: Overview

$108 bil assets under management
330 mil square feet
564 premier office, retail & industrial properties
53,000 multifamily units under management
   

 


Brookfield Property Group is Brookfield’s most significant investment platform, made up of our sector-specific portfolios in the office, retail, multifamily, industrial and hotel sectors. With over $100 billion of real estate assets under management and interests in approximately 330 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 $24 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 255 talented and experienced operational, asset management and investment professionals, supported by over 15,200 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’s office portfolio is comprised of 164 office properties totaling approximately 94 million square feet of commercial space. 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 Brookfield Place in Manhattan, Brookfield Place in Toronto, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney and Brookfield Place in Perth.

Retail
Brookfield owns and manages interests in 164 retail assets, predominantly in the U.S. and Brazil. These properties encompass approximately 153 million square feet of retail space, primarily concentrated in the high-quality, U.S. based malls of General Growth Properties, Inc (“GGP”). GGP is the second largest mall owner in the U.S. Brookfield has a 32% fully-diluted interest in GGP and a 39% interest in Rouse Properties, Inc ("Rouse"), a US-based mall company that specializes in the re-development and re-vitalization of Class-B shopping malls. Rouse has a portfolio of 34 malls encompassing over 23 million square feet.

In addition, Brookfield is a significant owner of shopping centers in Brazil. These properties are concentrated in premier locations in urban centres, 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.

Industrial
In partnership with institutional investors, we recently made three major industrial acquisitions that have created a leading international industrial property platform. In North America, we acquired Verde Realty Operating Partnership, L.P. in December 2012 and in October 2013, we closed on the acquisition of Industrial Developments International from the U.S. subsidiary of Kajima Coorporation. In Europe, we acquired EZW Gazeley Limited from Economic Zones World, part of Dubai World, in June 2013. Combined, our industrial portfolio comprised of approximately 68 million square feet of operating assets.

Multifamily
Fairfield Residential (“Fairfield”) forms the basis of Brookfield’s multifamily platform in North America. Brookfield owns approximately 65% of Farifield.

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 2013, Fairfield was ranked by the National Multi Housing Council (“NMHC”) as the 18th largest apartment manager in the U.S., and currently has over 53,000 apartments under management. Brookfield owns over 25,500 multifamily units through its private funds.



For more information on Brookfield's residential development & construction projects around the globe, please visit our Selected Investments section.