Brookfield Property Partners (NASDAQ: BPY, TSX: BPY.UN) (âBPYâ) is a diversified global real estate company that owns, operates and develops one of the largest portfolios of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage, student housing and manufactured housing assets. Its investment objective is to generate attractive long-term returns on equity of 12%â15% based on stable cash flows, asset appreciation and annual distribution growth of 5%â8%.
We seek to accomplish this objective by acquiring high quality assets in resilient and dynamic markets and pursuing diversification across both geographic areas and real estate sectors, and continually recycling capital from stabilized assets at or near peak values into higher-yielding strategies. BPYâs portfolio features some of the worldâs best-known commercial properties.
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