Filing Details

Accession Number:
0001193125-20-308530
Form Type:
13D Filing
Publication Date:
2020-12-02 17:26:29
Filed By:
Brookfield Asset Management Inc.
Company:
Brookfield Property Partners L.p. (NYSE:BPY)
Filing Date:
2020-12-02
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
BROOKFIELD ASSET MANAGEMENT INC 0 600,997,978 0 600,997,978 600,997,978 67.5%
PARTNERS LIMITED 36,452 604,611,424 36,452 604,611,424 604,647,876 67.9%
PARTNERS VALUE INVESTMENTS 3,613,446 0 3,613,446 0 3,613,446 0.8%
BROOKFIELD PROPERTY GROUP HOLDINGS SUB 0 40,048,497 0 40,048,497 40,048,497 8.7%
BROOKFIELD PROPERTY GROUP 0 3,036,315 0 3,036,315 3,036,315 0.7%
BPY I 0 53,702,050 0 53,702,050 53,702,050 11.0%
BPG HOLDINGS GROUP (US) HOLDINGS INC 0 7,331,926 0 7,331,926 7,331,926 1.7%
BPG HOLDINGS I 0 60,000,000 0 60,000,000 60,000,000 12.1%
BPG HOLDINGS II 0 15,781,724 0 15,781,724 15,781,724 3.5%
BPG HOLDINGS III 0 51,419,088 0 51,419,088 51,419,088 10.6%
BPG HOLDINGS IV 0 60,319,088 0 60,319,088 60,319,088 12.2%
BPGH NEW HLP HOLDINGS 0 18,715,912 0 18,715,912 18,715,912 4.1%
BPG HOLDINGS ALBERTA 0 50,000,000 0 50,000,000 50,000,000 10.3%
BPG INVESTMENT HOLDINGS 0 8,387,345 0 8,387,345 8,387,345 1.9%
BPG FINANCE INVESTOR 0 71,000,000 0 71,000,000 71,000,000 14.0%
BPGUSH 0 9,000,000 0 9,000,000 9,000,000 2.0%
BPY ( 0 720,064 0 720,064 720,064 0.2%
BROOKFIELD GLOBAL PROPERTY ADVISOR LIMITED 0 75,000 0 75,000 75,000 0.02%
BPGH SUB INC 0 22,713,516 0 22,713,516 22,713,516 5.2%
BROOKFIELD US HOLDINGS INC 0 69,250,545 0 69,250,545 69,250,545 15.0%
BPGUSH NEW SUBCO 0 28,762,898 0 28,762,898 28,762,898 6.6%
BROOKFIELD REAL ESTATE PARTNERS (A) SIB 0 9,519,641 0 9,519,641 9,519,641 2.2%
BROOKFIELD REAL ESTATE PARTNERS (Q) SIB 0 13,376,929 0 13,376,929 13,376,929 3.1%
BROOKFIELD REAL ESTATE PARTNERS (K) SIB HOLDINGS 0 7,837,440 0 7,837,440 7,837,440 1.8%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 14)

 

 

Brookfield Property Partners L.P.

(Name of Issuer)

Limited Partnership Units

(Title of Class of Securities)

G16249107

(CUSIP Number)

Justin B. Beber

Brookfield Asset Management Inc.

Brookfield Place, Suite 300

181 Bay Street, P.O. Box 762

Toronto, Ontario M5J 2T3

Tel: (416) 956-5182

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 20, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

 

 

 

 


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BROOKFIELD ASSET MANAGEMENT INC.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

OO

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

 

    7  

  

Sole Voting Power

 

0

      8   

Shared Voting Power

 

600,997,978*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

600,997,978*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

600,997,978*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

67.5%**

14  

Type of Reporting Person

 

    CO             

 

*

This amount includes 451,365,017 redemption-exchange units of Brookfield Property L.P. and 3,036,315 shares of Class A Stock of Brookfield Property REIT Inc. See Item 5.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020, (2) 451,365,017 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person and (3) 3,036,315 shares of Class A Stock of Brookfield Property REIT Inc. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

PARTNERS LIMITED

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

OO

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

CANADA

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

36,452

      8   

Shared Voting Power

 

604,611,424*

      9   

Sole Dispositive Power

 

36,452

    10   

Shared Dispositive Power

 

604,611,424*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

604,647,876*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

67.9%**

14  

Type of Reporting Person

 

    CO             

 

*

This amount includes 451,365,017 redemption-exchange units of Brookfield Property L.P. and 3,036,315 shares of Class A Stock of Brookfield Property REIT Inc. See Item 5.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020, (2) 451,365,017 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person and (3) 3,036,315 shares of Class A Stock of Brookfield Property REIT Inc. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

PARTNERS VALUE INVESTMENTS LP

2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

3,613,446*

      8   

Shared Voting Power

 

0

      9   

Sole Dispositive Power

 

3,613,446*

    10   

Shared Dispositive Power

 

0

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,613,446*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

0.8%**

14  

Type of Reporting Person

 

    PN             

 

*

Partners Value Investments LP has sole voting and dispositive power through its 100% owned subsidiary, Partners Value Investments Inc.

**

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BROOKFIELD PROPERTY GROUP HOLDINGS SUB LP

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

40,048,497*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

40,048,497*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

40,048,497*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

8.7%**

14  

Type of Reporting Person

 

    CO             

 

*

This amount includes 26,100,760 redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 26,100,760 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BROOKFIELD PROPERTY GROUP LLC

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

DELAWARE

Number of  
Shares  
Beneficially
Owned by  
Each  
Reporting  
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

3,036,315*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

3,036,315*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,036,315*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

0.7%**

14  

Type of Reporting Person

 

    OO             

 

*

Represents shares of Class A Stock of Brookfield Property REIT Inc.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 3,036,315 shares of Class A Stock of Brookfield Property REIT Inc. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BPY I L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

MANITOBA

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

53,702,050*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

53,702,050*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

53,702,050*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

11.0%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 53,702,050 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BPG HOLDINGS GROUP (US) HOLDINGS INC.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

7,331,926*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

7,331,926*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

7,331,926*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

1.7%**

14  

Type of Reporting Person

 

    CO             

 

*

This amount includes 1,906,781 redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 1,906,781 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BPG HOLDINGS I L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

60,000,000*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

60,000,000*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

60,000,000*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

12.1%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 60,000,000 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPG HOLDINGS II L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

 

    7  

  

Sole Voting Power

 

0

      8   

Shared Voting Power

 

15,781,724*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

15,781,724*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

15,781,724*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

3.5%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 15,781,724 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPG HOLDINGS III L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

 

    7  

  

Sole Voting Power

 

0

      8   

Shared Voting Power

 

51,419,088*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

51,419,088*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

51,419,088*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

10.6%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 51,419,088 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPG HOLDINGS IV L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

 

    7  

  

Sole Voting Power

 

0

      8   

Shared Voting Power

 

60,319,088*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

60,319,088*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

60,319,088*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

12.2%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 60,319,088 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPGH NEW HLP HOLDINGS LP

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

 

    7  

  

Sole Voting Power

 

0

      8   

Shared Voting Power

 

18,715,912*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

18,715,912*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

18,715,912*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

4.1%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 18,715,912 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPG HOLDINGS ALBERTA L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

 

    7  

  

Sole Voting Power

 

0

      8   

Shared Voting Power

 

50,000,000*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

50,000,000*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

50,000,000*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

10.3%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 50,000,000 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPG INVESTMENT HOLDINGS L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

 

    7  

  

Sole Voting Power

 

0

      8   

Shared Voting Power

 

8,387,345*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

8,387,345*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

8,387,345*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

1.9%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 8,387,345 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPG FINANCE INVESTOR L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

71,000,000*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

71,000,000*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

71,000,000*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

14.0%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 71,000,000 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPGUSH L.P. (ONTARIO)

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

9,000,000*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

9,000,000*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

9,000,000*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

2.0%**

14  

Type of Reporting Person

 

    PN             

 

*

Represents redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 9,000,000 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPY (2013) CORP.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

      7    

Sole Voting Power

 

0

      8   

Shared Voting Power

 

720,064

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

720,064

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

720,064

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

0.2%*

14  

Type of Reporting Person

 

    CO             

 

*

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BROOKFIELD GLOBAL PROPERTY ADVISOR LIMITED

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ENGLAND AND WALES

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

75,000

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

75,000

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

75,000

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

0.02%*

14  

Type of Reporting Person

 

    PN             

 

*

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1   

Names of Reporting Persons

 

BPGH SUB INC.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting  
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

22,713,516

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

22,713,516

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

22,713,516

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

5.2%*

14  

Type of Reporting Person

 

    CO             

 

*

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BROOKFIELD US HOLDINGS INC.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

69,250,545*

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

69,250,545*

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

69,250,545*

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

15.0%*

14  

Type of Reporting Person

 

    CO             

 

*

This amount includes 25,032,269 redemption-exchange units of Brookfield Property L.P.

**

Based on a total of (1) 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020 and (2) 25,032,269 redemption-exchange units of Brookfield Property L.P. owned by the Reporting Person.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BPGUSH NEW SUBCO LP

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

WC

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

ONTARIO

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

28,762,898

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

28,762,898

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

28,762,898

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

6.6%*

14  

Type of Reporting Person

 

    PN             

 

*

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BROOKFIELD REAL ESTATE PARTNERS (A) SIB L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)    ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

DELAWARE

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

9,519,641

        9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

9,519,641

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

9,519,641

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

2.2%*

14  

Type of Reporting Person

 

    PN             

 

*

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BROOKFIELD REAL ESTATE PARTNERS (Q) SIB L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

N/A

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

DELAWARE

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

13,376,929

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

13,376,929

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,376,929

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

3.1%*

14  

Type of Reporting Person

 

    PN             

 

*

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020.


CUSIP No. G16249107    SCHEDULE 13D   

 

  1    

Names of Reporting Persons

 

BROOKFIELD REAL ESTATE PARTNERS (K) SIB HOLDINGS L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)    ☐        (b)  ☒

 

  3  

SEC Use Only

 

  4  

Source of Funds

 

WC

  5  

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  6  

Citizenship or Place of Organization

 

CAYMAN ISLANDS

Number of  
Shares  
Beneficially  
Owned by  
Each  
Reporting   
Person  

With  

      7     

Sole Voting Power

 

0

      8   

Shared Voting Power

 

7,837,440

      9   

Sole Dispositive Power

 

0

    10   

Shared Dispositive Power

 

7,837,440

11  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

7,837,440

12  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13  

Percent of Class Represented by Amount in Row (11)

 

1.8%*

14  

Type of Reporting Person

 

    PN             

 

*

Based on a total of 435,774,610 limited partnership units of the Issuer issued and outstanding as of November 30, 2020.

 


EXPLANATORY NOTE

This Amendment No. 14 to Schedule 13D (this Amendment No. 14) is being filed to report the acquisition by Brookfield Asset Management Inc. (BAM) and its affiliates of an aggregate of 22,836,392 limited partnership units (the Units) of Brookfield Property Partners L.P. (the Issuer or BPY) in accordance with the terms of the Equity Commitment Agreement, dated July 2, 2020 (the Equity Commitment), between BAM, the Issuer and Brookfield Property L.P. (Property LP).

Information reported and defined terms used in the original Schedule 13D, as amended (this Schedule 13D), remain in effect except to the extent that they are amended or superseded by information or defined terms contained in this Amendment No. 14. This Amendment No. 14 also reflects certain inter-company transactions among the Reporting Persons.

2. Identity and Background.

Schedules I to IV hereto set forth an updated list of all the directors and executive officers (to be included as Scheduled Persons), and their respective principal occupations, addresses, and citizenships, of BAM, Partners Limited (Partners), Brookfield Global Property Advisor Limited (BG PAL) and Brookfield US Holdings Inc. (BUSHI), respectively.

3. Source and Amendment of Funds or Other Consideration.

Item 3 of this Schedule 13D is hereby supplemented to include the following information:

On October 30, 2020, Brookfield Property Group LLC (BPG LLC) transferred 3,082,942 Units and 1,939,360 Units to Brookfield Real Estate Partners (A) SIB L.P. (A SIB LP) and BPGUSH New Subco LP (BPGUSH Subco), respectively.

From September 29, 2020 until November 6, 2020, the Issuer took up and purchased for cancellation in open market transactions on the Toronto Stock Exchange and the Nasdaq Stock Market an aggregate of 20,222,827 Units at average prices ranging from $11.86 to $15.00 per Unit in accordance terms of the Issuers previously announced normal course issuer bid (NCIB). From September 29, 2020 until October 12, 2020, Brookfield Property REIT Inc. (BPYU), a subsidiary of the Issuer, took up and purchased for cancellation in open market transactions on the Nasdaq Stock Market an aggregate of 2,613,565 shares of Class A Stock of BPYU (BPYU Shares) at average prices ranging from $11.94 to $14.86 per share. Following the take up of the aforementioned Units and BPYU Shares, on November 19, 2020 and November 20, 2020, the Issuer issued 2,290,731 Units to Brookfield Real Estate Partners (K) SIB Holdings L.P. (K SIB LP) and 20,545,661 Units to BPGUSH Subco, respectively, for aggregate consideration of approximately $307.8 million (average of $13.48 per Unit), each in accordance with the terms of the Equity Commitment. The source of funds used by K SIB LP and BPGUSH Subco to purchase these Units was working capital of K SIB LP and BPGUSH Subco, respectively.

4. Purpose of the Transaction.

Item 4 of this Schedule 13D is hereby supplemented to include the information set forth in Item 3 above and Item 6 below.

5. Interest in Securities of the Issuer.

Items 5(a)-(c) of this Schedule 13D are hereby amended and restated in their entirety as follows:

(a)-(b) As of November 30, 2020, Partners Value Investments LP (PVI LP), which has sole voting and dispositive power through its 100% owned subsidiary Partners Value Investments Inc., may be deemed to be the beneficial owner of 3,613,446 Units and such Units represent 0.8% of the issued and outstanding Units. BAM may be deemed to be the beneficial owner of 146,596,646 Units and Partners may be deemed to be the beneficial owner of 150,246,544 Units (including the Units directly owned by Partners and beneficially owned by BAM and PVI LP),


and such Units constitute approximately 33.6% % and 34.5%, respectively, of the issued and outstanding Units. The Units deemed to be beneficially owned by BAM include 5,425,145 Units beneficially owned by BPG Holdings Group (US) Holdings Inc. (BPGHG(US)), 720,064 Units beneficially owned by BPY (2013) Corp., 75,000 Units beneficially owned by BG PAL, 44,218,276 Units beneficially owned by BUSHI, 22,713,516 Units beneficially owned by BPGH Sub Inc. (BPGH Sub), 13,947,737 Units owned by Brookfield Property Group Holdings Sub LP (Sub LP), 9,519,641 Units owned by A SIB LP, 13,376,929 Units owned by Brookfield Real Estate Partners (Q) SIB L.P. (Q SIB LP), 7,837,440 Units owned by K SIB LP and 28,762,898 Units owned by BPGUSH Subco. BAM also holds, through BPG LLC, 3,036,315 shares of BPYU Class A Stock. Holders of BPYU Class A Stock have the right to exchange each share of BPYU Class A Stock for one Unit, or the cash equivalent of one Unit, at the election of BPY. The BPYU Class A Stock owned by BPG LLC represent approximately 0.7% of the Units assuming that all of the shares of BPYU Class A Stock held by BPG LLC were exchanged for Units in accordance with the terms of the BPYU certificate of incorporation.

In addition, BAM holds, through BPY I L.P., BPY II L.P., BPGHG(US), BPGH Sub, BPG Holdings I L.P., BPG Holdings II L.P., BPG Holdings III L.P., BPG Holdings IV L.P., BPG Holdings Alberta L.P., BPG Investment Holdings L.P., BPG Finance Investor L.P., BPGUSH L.P. (Ontario), BUSHI, Sub LP and BPGH New HLP Holdings LP, an aggregate of 451,365,017 redemption-exchange units of Property LP. Such redemption-exchange units held indirectly by BAM represent 100% of the redemption-exchange units of Property LP and approximately 50.9% of the Units assuming that all of the redemption-exchange units of Property LP were exchanged for Units pursuant to the redemption-exchange mechanism.

Assuming that (i) all of the redemption-exchange units of Property LP were exchanged for Units pursuant to the redemption-exchange mechanism, and (ii) all of the shares of BPYU Class A Stock held by BPG LLC were exchanged for Units in accordance with the terms of the BPYU certificate of incorporation, as of November 30, 2020, BAM may be deemed to be the beneficial owner of 600,997,978 Units and Partners may be deemed to be the beneficial owner of 604,647,876 Units, and such Units would constitute approximately 67.5% and 67.9%, respectively, of the issued and outstanding Units.

PVI LP, which has sole voting and dispositive power through its 100% owned subsidiary Partners Value Investments Inc., may be deemed to have the sole power to vote or direct the Units beneficially owned by it. The Units deemed to be beneficially owned by Partners include the Units directly held by Partners and Units deemed to be beneficially owned by BAM and PVI LP. Partners may be deemed to have shared power with BAM and PVI LP to vote or direct the vote of the Units beneficially owned by it or to dispose of such Units.

On May 13, 2020, BAM Voting Trust (the Trust) entered into an agreement with Partners to purchase all of BAMs issued and outstanding Class B Limited Voting Shares (the BAM Class B Shares). Closing of this transaction is subject to customary consents and regulatory approvals being obtained, following which the BAM Class B Shares will be transferred from Partners to the Trust. Upon completion of this transaction, Partners will cease to be deemed a beneficial owner of the Units beneficially owned by BAM.

(c) Other than the transactions described in this Amendment No. 14 and this Schedule 13D, there have been no transactions by the Reporting Persons in the Units during the past 60 days.

6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of this Schedule 13D is hereby supplemented to include the information set forth in Item 3 above and the following:

As of December 2, 2020, the amount remaining under the Equity Commitment is approximately $35.7 million.


SIGNATURE

After reasonable inquiry and to the best of each undersigneds knowledge and belief, the undersigned certifies as to itself that the information set forth in this statement is true, complete and correct.

Dated: December 2, 2020

 

BROOKFIELD ASSET MANAGEMENT INC.
By:   /s/ Jessica Diab
  Name:   Jessica Diab
  Title:   Vice President
PARTNERS LIMITED
By:   /s/ Brian Lawson
  Name:   Brian Lawson
  Title:   President
PARTNERS VALUE INVESTMENTS LP, by its general partner, PVI MANAGEMENT INC.
By:   /s/ Leslie Yuen
  Name:   Leslie Yuen
  Title:   Director of Finance
BROOKFIELD PROPERTY GROUP HOLDINGS SUB LP, by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPY I L.P., by its general partner, BPY GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPG HOLDINGS GROUP (US) HOLDINGS INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPG HOLDINGS I L.P., by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPG HOLDINGS II L.P., by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPG HOLDINGS III L.P., by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President

BPG HOLDINGS IV L.P., by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPG HOLDINGS ALBERTA L.P., by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPG INVESTMENT HOLDINGS L.P., by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPG FINANCE INVESTOR L.P., by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPGUSH L.P. (ONTARIO), by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPGH NEW HLP HOLDINGS LP, by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPGUSH NEW SUBCO LP, by its general partner, BPG HOLDINGS GROUP (US) GP INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BPY (2013) CORP.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President

BROOKFIELD GLOBAL PROPERTY ADVISOR LIMITED
By:   /s/ Philippa Elder
  Name:   Philippa Elder
  Title:   Director and Secretary
BPGH SUB INC.
By:   /s/ Christopher Wong
  Name:   Christopher Wong
  Title:   Vice President
BROOKFIELD US HOLDINGS INC.
By:   /s/ Katayoon Sarpash
  Name:   Katayoon Sarpash
  Title:   Vice President and Secretary
BROOKFIELD REAL ESTATE PARTNERS (A) SIB L.P., by its general partner, BROOKFIELD REAL ESTATE PARTNERS (A) SIB GP LIMITED
By:   /s/ Jane Sheere
  Name:   Jane Sheere
  Title:   Secretary
BROOKFIELD REAL ESTATE PARTNERS (Q) SIB L.P., by its general partner, BROOKFIELD REAL ESTATE PARTNERS (Q) SIB GP LIMITED
By:   /s/ Jane Sheere
  Name:   Jane Sheere
  Title:   Secretary
BROOKFIELD REAL ESTATE PARTNERS (K) SIB HOLDINGS L.P., by its general partner, BROOKFIELD REAL ESTATE PARTNERS (K) GP LIMITED
By:   /s/ Jane Sheere
  Name:   Jane Sheere
  Title:   Secretary
BROOKFIELD PROPERTY GROUP LLC
By:   /s/ P. Scott Selig
  Name:   P. Scott Selig
  Title:   Vice President

SCHEDULE I

BROOKFIELD ASSET MANAGEMENT INC.

 

Name and Position of Officer or Director    Principal Business Address    Principal Occupation or Employment    Citizenship
  

 

  

 

  

 

M. Elyse Allan, Director    181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Corporate Director    Canada and U.S.A.
Justin B. Beber, Managing Partner, Head of Corporate Strategy and Chief Legal Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Head of Corporate Strategy and Chief Legal Officer, BAM    Canada

Jeffrey M. Blidner,

Vice Chair and Director

   181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Vice Chair, BAM    Canada
Angela F. Braly, Director   

832 Alverna Drive,

Indianapolis, Indiana 46260, U.S.A.

   Corporate Director    U.S.A.
Jack L. Cockwell, Director    51 Yonge Street, Suite 400, Toronto, Ontario, M5E 1J1, Canada    Chair of Brookfield Partners Foundation    Canada
Marcel R. Coutu, Director   

c/o Suite 1210, 225 6th Ave. S.W.

Calgary, Alberta, T2P 1N2, Canada

   Corporate Director    Canada

Maureen Kempston Darkes,

Director

   10 Avoca Avenue, Unit 1904, Toronto, Ontario M4T 2B7, Canada    Corporate Director    Canada
Janice Fukakusa, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Corporate Director    Canada
Murilo Ferreira, Director   

Rua General Venãncio Flores, 50 Cob. 01, Leblon, Rio de Janeiro

RJ 22441-090

   Former Chief Executive Officer, Vale SA    Brazil
J. Bruce Flatt, Director, Managing Partner and Chief Executive Officer    One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Managing Partner and Chief Executive Officer, BAM    Canada
Nicholas H. Goodman, Managing Partner and Chief Financial Officer    181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Managing Partner and Chief Financial Officer, BAM    United Kingdom
Brian W. Kingston, Managing Partner, Chief Executive Officer Real Estate    250 Vesey Street, 15th Floor, New York, NY 10281-1023, U.S.A.    Managing Partner, Chief Executive Officer Real Estate, BAM    Canada
Brian D. Lawson, Vice Chair and Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair, BAM    Canada

Cyrus Madon, Managing Partner,

Chief Executive Officer Private Equity

   181 Bay Street, Suite300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer of Private Equity, BAM    Canada
Howard S. Marks, Director    c/o Oaktree Capital Management L.P., 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071, U.S.A.    Co-Chairman, Oaktree Capital Management    U.S.A.
Frank J. McKenna, Director   

TDCT Tower, 161 Bay Street, 35th Floor, Toronto, Ontario

M5J 2T2, Canada

   Chair of BAM and Deputy Chair of TD Bank Group, Wholesale    Canada
Rafael Miranda, Director    C/Santiago de Compostela 100 28035 Madrid, Spain    Corporate Director    Spain

Craig Noble, Managing Partner,

Chief Executive Officer Alternative Investments

  

181 Bay Street, Suite 300

Toronto, Ontario

M5J 2T3, Canada

   Managing Partner, Chief Executive Officer Alternative Investments, BAM    Canada

Lord Augustine Thomas ODonnell,

Director

  

Frontier Economics, 71 High Holborn, London U.K.

WC1V 6DA

   Chairman of Frontier Economics Limited    United Kingdom
Lori Pearson, Managing Partner and Chief Operating Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner and Chief Operating Officer, BAM    Canada

Samuel J.B. Pollock,

Managing Partner, Chief Executive Officer Infrastructure

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Infrastructure, BAM    Canada
Seek Ngee Huat Seek, Director    501 Orchard Road, #08 01 Wheelock Place, Singapore 238880    Chairman, Global Logistic Properties    Singapore
Sachin G. Shah, Managing Partner, Chief Investment Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Investment Officer, BAM    Canada
Diana L. Taylor, Director    c/o Bloomberg, Philanthropies, 25 East 78th Street, New York, N.Y. 10075    Corporate Director    U.S.A. and Canada
Connor Teskey, Managing Partner and Chief Executive Officer Renewable Power    One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Managing Partner and Chief Executive Officer Renewable Power, BAM    Canada

SCHEDULE II

PARTNERS LIMITED

 

Name and Position of

Officer or Director

  

Principal

Business Address

  

Principal Occupation

or Employment

  

Citizenship

Jack L. Cockwell, Director and Chairman of the Board    51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada    Chairman of Brookfield Partners Foundation    Canada
Brian W. Kingston, Director    250 Vesey Street, 15th Floor, New York, NY 10281-1023 U.S.A.    Managing Partner, Chief Executive Real Estate, BAM    Canada
Brian D. Lawson, Director and President    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair, BAM    Canada
Cyrus Madon, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Private Equity, BAM    Canada
Timothy R. Price, Director    51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada    Corporate Director    Canada
Samuel J.B. Pollock, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Infrastructure, BAM    Canada
Sachin G. Shah, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Investment Officer, BAM    Canada
Lisa Chu, Treasurer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Senior Vice President Finance, BAM    Canada
Lorretta Corso, Secretary    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Administrator, Corporate Secretary, BAM    Canada
Tim Wang, Assistant Secretary    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Manager, Capital Markets and Treasury, BAM    Canada

SCHEDULE III

BROOKFIELD GLOBAL PROPERTY ADVISOR LIMITED

 

Name and Position of
Officer or Director

  

Principal Business
Address

  

Principal Occupation or
Employment

  

Citizenship

J. Bruce Flatt, Director, President and Chief Executive Officer    181 Bay Street, Suite 300
Toronto, ON M5J 2T3
   Managing Partner and Chief Executive Officer, BAM    Canada
Philippa Elder, Director    99 Bishopsgate, Second Floor
London, EC2M 3XD, U.K.
   Senior Vice President, BAM    United Kingdom
Ralf Niklas Rank, Director and Chief Investment Officer    99 Bishopsgate, Second Floor
London, EC2M 3XD, U.K.
   Chief Investment Officer of BG PAL    Canada and Germany
Connor David Teskey,
Director
   99 Bishopsgate, Second Floor
London, EC2M 3XD, U.K.
   Managing Partner and Chief Executive Officer Renewable Power, BAM    Canada
Zachary Bryan Vaughan,
Director
   One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Managing Partner and Head of Europe, BAM    Canada
Brian W. Kingston,
Vice President
   250 Vesey Street, 15th Floor, New York, NY 10281- 1023 U.S.A.    Managing Partner, BAM    Canada

SCHEDULE IV

BROOKFIELD US HOLDINGS INC.

 

Name and Position of

Officer or Director

  

Principal Business

Address

  

Principal Occupation or

Employment

  

Citizenship

Thomas Corbett,
Director
   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Director, Finance, BAM    Canada
Karly Dyck,
Director
   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Senior Vice President, Capital Markets & Treasury, BAM    Canada
Aleks Novakovic,
Director
   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Tax, BAM    Canada
Katayoon Sarpash,
Director, Vice-President and Secretary
   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Senior Vice President, Legal & Regulatory of BAM    Canada
Cam Ha, President    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice President, Tax, BAM    Canada
Bowen Li, Vice President    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Manager, Finance, BAM    Canada
Tim Wang, Vice President    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Manager, Capital Markets and Treasury, BAM    Canada