Brookfield Office Properties Inc T.BPO.PR.C

Primary Symbol: T.BPO.PR.A Alternate Symbol(s): BRPPF | BOPPF | T.BPO.PR.N | BKAAF | T.BPO.PR.P | BRKFF | T.BPO.PR.R | BROAF | T.BPO.PR.T | T.BPS.PR.U | T.BPO.PR.W | BRPYF | T.BPO.PR.Y | T.BPO.PR.X | T.BPO.PR.E | BKEEF | T.BPO.PR.G | BROPF | BKOFF | T.BPO.PR.I

Brookfield Office Properties Inc. is a global office property company. The Company owns, manages, and develops premier assets in the resilient markets. The Company's signature properties define the skylines of dynamic cities around the globe, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, London, Berlin, Sydney and Perth. From Brookfield Places in New York City, Toronto and Perth to Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, its distinguished portfolio attracts financial, energy, government and professional service organizations which have high credit ratings and maintain long-term leases.

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Brookfield Office Properties Inc > Bill Ackman

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Post by Carenaon Aug 20, 2024 11:43am

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Post# 36188000

Bill Ackman

Hi there,

Nice to see Bill Ackman has taken a position in BN (6.8 million shares).

I am definitely respectful of what he has done but I do also recall the days Brookfield and Ackman were at odds over I think the restructuring of General Growth Properties (GGP) out of bankruptcy after the financial crisis.

I saw this in a Seeking Alpha article and it also said Ackman bought in at around the all time highs. I have to think this is all about owning hard assets and with the inflation we have had in recent years, replacement cost of hard assets has skyrocketed. If I have it right, this is the moment Bruce Flatt has been waiting for. Ultimately, this is good news for our BPO prefs.

Have a great day,
Carena

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