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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Mon., Feb. 17, 4:04 PM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #41. Brookfield Property Partners Brookfield Office Properties

Acquirer: Brookfield Property Partners (BPY)
Acquiree: Brookfield Office Properties (BPO)
Details: Brookfield Property Partners L.P. (NYSE: BPY) (TSX: BPY.UN) ("Brookfield Property Partners" or "BPY") today announced that it proposes to acquire Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) ("BPO") through a tender offer for "any or all" of the common shares of BPO that it does not currently own (the "Offer") for consideration value of $19.34 per common share of BPO. Each BPO shareholder can elect to receive consideration per BPO common share of either 1.0 limited partnership unit of Brookfield Property Partners or $19.34 in cash, subject in each case to pro-ration based on a maximum of 174 million BPY limited partnership units (67% of the total value of shares tendered to the Offer) and a maximum cash consideration of $1.7 billion (33% of the total value of shares tendered to the Offer). BPO shareholders who receive limited partnership units will be able to do so on a tax-deferred basis.

Brookfield Property Partners owns, operates, and invests in commercial and other income producing property on a global basis. Co. is a globally-diversified owner and operator of properties that typically generate stable and sustainable cash flows over the long term. Through investments in Brookfield-sponsored real estate opportunity funds created to earn attractive returns, Co. has an interest in various opportunistic real estate sectors around the globe including industrial, multifamily, hospitality and triple net lease. Co.'s business is organized in three operating platforms: office, retail and other segments.

Preferred: BPYPP



Open the BPY Page at The Online Investor »

Brookfield Property Partners owns, operates, and invests in commercial and other income producing property on a global basis. Co. is a globally-diversified owner and operator of properties that typically generate stable and sustainable cash flows over the long term. Through investments in Brookfield-sponsored real estate opportunity funds created to earn attractive returns, Co. has an interest in various opportunistic real estate sectors around the globe including industrial, multifamily, hospitality and triple net lease. Co.'s business is organized in three operating platforms: office, retail and other segments.

Preferred: BPYPP



Open the BPO Page at The Online Investor »

Company Name: 
Brookfield Property Partners LP
Stock buyback: 
BPY buyback
Website: 
www.brookfieldpropertypartners.com
Sector: 
Real Estate
Number of ETFs Holding BPY: 
1
Total Market Value Held by ETFs: 
$23.66M
Total Market Capitalization: 
$4.78B
% of Market Cap. Held by ETFs: 
0.50%
Company Name: 
Brookfield Office Properties Inc
Website: 
www.brookfieldofficeproperties.com
Sector: 
Real Estate
 

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