Brookfield Property Partners is a diversified global real estate company. It owns and develops a wide range of properties such as office space, retail, multifamily, industrial, hospitality, triple net lease, self-storage, and houses.
Office space and residential account for more than 80% of total invested capital (in 2018), followed by LP investments. Brookfield Property owns residential apartments in diverse, urban and suburban locations in over 20 U.S. states.
Most of its properties have above 90% occupancy. Brookfield Property has a good diversification across geographies as well as real estate sectors. The U.S. is its largest market accounting for 70% of AUM, followed by Canada, UK and Europe, Brazil, Asia, and Australia. The company has almost tripled its assets through strategic acquisitions in the last five years.
Most of its projects are in supply-constrained core markets having high entry barriers. Ownership of iconic properties in some of the world’s most dynamic markets is its strong competitive advantage. Brookfield is set to benefit from a growing urban population in the US.