{"id":1004502244,"date":"2021-01-05T04:52:14","date_gmt":"2021-01-05T12:52:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004502244"},"modified":"2021-05-10T02:04:35","modified_gmt":"2021-05-10T10:04:35","slug":"brookfield-property-partners-could-go-private-in-5-9b-bid","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/","title":{"rendered":"Brookfield Property Partners Could Go Private in $5.9B Bid"},"content":{"rendered":"<div id=\"attachment_1004364401\" style=\"width: 193px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/One-Manhattan-West-e1572481233409.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004364401\" data-attachment-id=\"1004364401\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brookfield-opens-manhattan-west-office-tower\/one-manhattan-west-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/One-Manhattan-West-e1609849086541.jpg\" data-orig-size=\"488,366\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D500&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1571829421&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;11&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"One Manhattan West\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Manhattan West. Image courtesy of Brookfield Properties Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/One-Manhattan-West-e1609849086541.jpg?w=488\" class=\"wp-image-1004364401 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/One-Manhattan-West.jpg\" alt=\"\" width=\"183\" height=\"300\"><\/a><p id=\"caption-attachment-1004364401\" class=\"wp-caption-text\">One Manhattan West. <em>Image courtesy of Brookfield Properties Partners<\/em><\/p><\/div>\n<p>Together with a group of investors, Brookfield Asset Management Inc. has announced it has made an offer to acquire the remaining shares of Brookfield Property Partners. The proposal comprises the purchase of the remaining units of the latter not already owned by Brookfield Asset Management Inc. for $5.9 billion, or $16.5 per outstanding unit.<\/p>\n<p>Brookfield Asset Management already owns roughly 60 percent of Brookfield Property Partners, which at Thursday\u2019s closing price was valued at $13.8 billion, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-04\/brookfield-offers-to-take-brookfield-property-partners-private\" target=\"_blank\" rel=\"noopener\"><em>Bloomberg<\/em><\/a> reported. Each Brookfield Property Partners unitholder can choose between receiving $16.5 per unit in cash, 0.4 Brookfield Class A shares or 0.66 of preferred units with a liquidation preference of $25.00 per unit. &nbsp;<\/p>\n<p>Brookfield Property Partners\u2019 portfolio consists of office, industrial, self storage, student housing, manufactured housing, multifamily, hospitality and triple net lease properties. This includes the 2 million-square-foot One Manhattan West and the roughly 2.5 million-square-foot Brookfield Place in Lower Manhattan\u2019s 225 Liberty St.<\/p>\n<p>In mid-December, Brookfield Asset Management entered into an agreement with Blackstone Property Partners Life Sciences <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-to-buy-3-4b-life-science-portfolio\/\">to sell a 2.3 million-square-foot lab office space portfolio<\/a>. The transaction is valued at around $3.4 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Asset Management intends to buy the remaining units of its real estate subsidiary. <\/p>\n","protected":false},"author":748,"featured_media":1004502364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,23891,21742],"tags":[33496,33091,33092],"class_list":["post-1004502244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-national","category-latest","tag-brookfield-asset-management","tag-brookfield-property-partners","tag-one-manhattan-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brookfield Property Partners Could Go Private in $5.9B Bid - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookfield Property Partners Could Go Private in $5.9B Bid\" \/>\n<meta property=\"og:description\" content=\"Brookfield Asset Management intends to buy the remaining units of its real estate subsidiary.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-05T12:52:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:04:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/One-Manhattan-West-crop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/\",\"name\":\"Brookfield Property Partners Could Go Private in $5.9B Bid - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/One-Manhattan-West-crop.jpg\",\"datePublished\":\"2021-01-05T12:52:14+00:00\",\"dateModified\":\"2021-05-10T10:04:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-property-partners-could-go-private-in-5-9b-bid\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/One-Manhattan-West-crop.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/One-Manhattan-West-crop.jpg\",\"width\":800,\"height\":620,\"caption\":\"One Manhattan West. 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