Brookfield Asset Management makes offer for rest of Brookfield Property Partners

Brookfield Asset Management and a group of investors have proposed buying the remaining interest in Brookfield Property Partners as part of a $5.9 billion transaction. Brookfield Asset Management, which holds one of the world’s largest portfolios of hotel, office, retail and other commercial properties, currently owns about 60% of Brookfield Property Partners and is offering to acquire outstanding units for $16.50 apiece.