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. > Mall Giants Bought J.C. Penney For a Bargain

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Comment by Matamataon Sep 13, 2020 2:26am

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Post# 31549399

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 bankruptcy court Wednesday afternoon.

The transaction still needs to be approved by a judge in bankruptcy court, and competing bids could be evaluated in a court-supervised auction. Lawyers expect the transaction to be completed in October.

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