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 gasholeon Sep 14, 2020 7:59am

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Post# 31551380

RE:RE:JC Penny

Yes I agree. Thanks for the post.

Lacas24 wrote: 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 can redevelop it as they please. It is an incredible deal. Plain and simple. Compass Point analyst ran the numbers. JCP stores at avarage worth 16 million each. SPG and BPY just bought them for 600k each. Basically 50% discount to the land and the building is free.

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