Brookfield Property Partners L.P. T.BPY.UN

Primary Symbol: BPY

Real Estate

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 includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as the office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and the corporate sector. It generates a majority of revenue from the LP Investments segment.

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Brookfield Property Partners L.P. > JC Penny

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Comment by TickBombon Sep 14, 2020 3:06pm

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Post# 31553985

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. These entities will be owned by J.C. Penney's first-lien lenders, which will rent the locations to the operating company owned by Simon and Brookfield.

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