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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Fri., Sep. 25, 9:31 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. has three segments: Core Office, which consists of interests in office properties located in New York, Los Angeles, Washington, D.C., United States, London, United Kingdom, Sydney, Australia, Toronto, Canada and Berlin, Germany, as well as active office and multifamily developments; Core Retail, which consists of retail properties located throughout the United States; and LP Investments, which has interests in real estate sectors worldwide including office, retail, multifamily, logistics, hospitality, triple net lease, self-storage, and student housing.

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. has three segments: Core Office, which consists of interests in office properties located in New York, Los Angeles, Washington, D.C., United States, London, United Kingdom, Sydney, Australia, Toronto, Canada and Berlin, Germany, as well as active office and multifamily developments; Core Retail, which consists of retail properties located throughout the United States; and LP Investments, which has interests in real estate sectors worldwide including office, retail, multifamily, logistics, hospitality, triple net lease, self-storage, and student housing.

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: 
$18.85M
Total Market Capitalization: 
$2.78B
% of Market Cap. Held by ETFs: 
0.68%
Company Name: 
Brookfield Office Properties Inc
Website: 
www.brookfieldofficeproperties.com
Sector: 
Real Estate
 

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