Property: Overview

 


               

Brookfield Property Group is Brookfield’s most significant investment platform, made up of office, retail, multifamily, industrial, hospitality, triple net lease and self-storage portfolios. With approximately $146 billion of real estate assets under management and interests in over 400 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 $35 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 approximately 280 talented and experienced operational, asset management and investment professionals, supported by over 14,000 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.

CORE OFFICE
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, the UK, and Germany through a series of public and private vehicles. Brookfield Office Properties forms the basis of Brookfield’s core office platform.

Brookfield’s core office portfolio is comprised of 150 office properties totaling approximately 101 million square feet of commercial space. These properties are primarily located in the downtown centres gateway markets including New York, London, Toronto, Los Angeles, Sydney and Berlin. Some of our landmark properties include Brookfield Place New York, Brookfield Place Toronto, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney and Brookfield Place Perth.

CORE RETAIL
Brookfield owns and manages interests in 128 premier retail assets in the U.S. These properties encompass approximately 125 million square feet of 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 34% fully-diluted interest in GGP. 

OPPORTUNISTIC
Opportunistic Office and Retail
Through its private funds, Brookfield also owns interest in 108 office properties comprising 23.4 million square feet in the U.S., UK, Brazil and India. In addition, Brookfield holds a 33% 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 35 malls encompassing 23.8 million square feet.

Brookfield's opportunistic retail investments also include shopping centres in Brazil and a mixed premier portfolio in Shanghai's central business district.

Industrial
In partnership with institutional investors, Brookfield owns interests in approximately 53.5 million square feet of premier logistics assets under management with prime land sites to develop an additional 45 million square feet of distribution facilities near major markets and transport routes in North America, Europe, and China, making it one of the largest global players in the industrial and logistics sector.

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 approximately 50,000 units under management. Brookfield owns interests in approximately 35,000 multifamily units through its private funds.

Hospitality
Brookfield recently acquired Thayer Lodging Group (“Thayer”), a highly-regarded private hotel investor/operator and asset management firm. Thayer targets to acquire full-service hotels in high-barrier-to-entry markets at significant discounts to replacement cost and actively manages the assets, undertaking extensive capital improvements where necessary, and increasing NAV through value-add strategies and implementing operational improvements to drive cash-flow growth.  

Brookfield currently has a portfolio of 28 hospitality properties with over 18,400 rooms, including the Atlantis Hotel in the Bahamas and the Hard Rock Hotel & Casino in Las Vegas. During the third quarter of 2015, Brookfield acquired Center Parcs UK, which operates five short break destinations across the UK.

Triple Net Lease
Brookfield acquired Capital Automotive Real Estate Services Inc. ("CARS") in the fourth quarter of 2014. The acquisition added over 300 properties that are leased to automotive dealerships under triple net lease arrangements across the United States and Canada to Brookfield's real estate portfolio.

Self-Storage
In 2016, Brookfield established a self-storage platform through the acquisition of Simply Self Storage. This portfolio now consists of over 150 properties with approximately 97,000 self-storage units throughout the United States.

Student Housing
In 2016, Brookfield also acquired a portfolio of 13 student housing properties with approximately 5,700 beds in the United Kingdom.


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