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Bullboard - Stock Discussion Forum Brookfield Property Partners L.P. BPY

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment... see more

Bullboard (NDAQ:BPY)

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Comment by NPCexeon Sep 14, 2020 5:55pm

RE:RE:RE:RE:JC Penny

They better be getting a good price on them rents!
Comment by Oilspecson Sep 14, 2020 3:47pm

RE:RE:Buybacks Haven't Started Yet.

Definitely should push higher from here.  That is 1/6th of shares outstanding being canceled.  Just canceling the shares should support 18% increase in short/long term value.  $14.00 ...more  
Comment by TickBombon Sep 14, 2020 3:06pm

RE:RE:RE:JC Penny

Brookfield only bought the operations, not the real estate: The establishment of a real estate investment trust and a property holding company owning 161 J.C. Penney stores and distribution centers ...more  
Comment by dileas48son Sep 14, 2020 2:10pm

RE:Buybacks Haven't Started Yet.

and, just to clarify the PR was clear that any shares purchased under this plan will be immediately cancelled, as opposed to the special bid where those shares were not cancelled - the float will ...more  
Comment by gasholeon Sep 14, 2020 7:59am

RE:RE:JC Penny

Yes I agree. Thanks for the post. 
Comment by Lacas24on Sep 13, 2020 4:18pm

RE:RE:RE:RE:RE: Mall Giants Bought J.C. Penney For a Bargain

NVM my previous post. You might be right about the group structure including BAM as well.
Comment by Lacas24on Sep 13, 2020 4:11pm

RE:RE:RE:RE:RE: Mall Giants Bought J.C. Penney For a Bargain

Their corporate structure is convoluted but Brookfield Property Group and Property Partners LP are the same. It has 3 segments. Core office, core retail and LP Investment. This deal belongs to BPY not ...more  
Comment by Vette08on Sep 13, 2020 8:50am

RE:RE:RE:RE: Mall Giants Bought J.C. Penney For a Bargain

Lacas, Thanks and I just find it weird BPY (or Simon) issued a press release.  This would be a material transaction ($1.8B) for BPY who only has a market cap of $5B.    And I have ...more  
Comment by Lacas24on Sep 13, 2020 5:28am

RE:JC Penny

In many cases JCP owns the land and the building in the malls. Spg and Brookfield just got a control of that. They will punt the operation to Authentic Brands and they own the space from now on. They ...more  
Comment by Lacas24on Sep 13, 2020 5:23am

RE:RE:RE: Mall Giants Bought J.C. Penney For a Bargain

They means SPG and BPY. This is a Brookfeld Properties Group deal. Of course indirectly BAM is involved since they own 60% of BPY.
Comment by Matamataon Sep 13, 2020 2:26am

RE:RE:RE: Mall Giants Bought J.C. Penney For a Bargain

JCPenney's retail and operating assets are set to be acquired by a joint venture between mall owners Simon Property Group and Brookfield Property Partners, lawyers for the department store said in ...more  
Comment by thenewsnakeon Sep 12, 2020 8:02pm

RE:JC Penny

A cost-benefit analysis probably told them they better off scooping it up then having empty stores.  Plus clothing stores might get popular again when people go back to work and leave their ...more  
Post by Oilspecson Sep 12, 2020 11:31am

JC Penny

Does anyone know why they are pursuing JC Penny?  My understanding is that the space is theirs already?  Is it to keep an anchor tenant?  Thanks in advance
Comment by Vette08on Sep 12, 2020 8:05am

RE:RE: Mall Giants Bought J.C. Penney For a Bargain

Lacas, When you say "they" got a smoking deal, is it BPY or BAM or one its Funds?  I doubt BPY has 100% of the Brookfield position but not sure?  Everything I read just says ...more  
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