Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 261

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 261
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(1) BPY holds all managing general partner units of the Operating Partnership and therefore has the power to direct the relevant activities and affairs of the Operating Partnership. The managing general partner units represent 36 36

(2) The partnership holds its economic interest in these assets primarily through limited partnership interests in Brookfield-sponsored real estate funds. By their nature, limited partnership interests do not have any voting rights. The partnership has entered into voting agreements to provide the partnership with the ability to contractually direct the relevant activities of the investees

(3) The partnership acquired its economic interest during the year ended December 31, 2024.

(4) The partnership’s economic interest have been deconsolidated as part of the Deconsolidation of BSREP IV. See Note 31, Related Parties for further information.

- F-24 -

The table below shows details of non-wholly owned subsidiaries of the partnership that have material non-controlling interests:

                                      Jurisdiction of formation      Proportion of economic                         Non-controlling interests: Interests of others in operating subsidiaries and properties                                             
                                                                     interests held by non-                                                                                                                                                             
                                                                     controlling interests                                                                                                                                                              
  (US$ Millions)                                                     Dec. 31, 2024               Dec. 31, 2023      Dec. 31, 2024                                                                                            Dec. 31, 2023              
  Corporate Holding Entities (1)      Bermuda/Canada                 —                           —                  $                                                                                             4,907      $                   6,494  
  BPO (2)                             Canada                         —                           —                                                                                                                4,047                          3,070  
  U. S. Retail (3)                    United States                  —                           —                                                                                                                2,012                          1,287  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  U. S. Manufactured Housing (4)      United States                  77                          76                 838                                                                                                                          1,161  
  U. S. Multifamily (5)               United States                  73                          —                  579                                                                                                      —                          
  Korea Mixed-use (4)                 South Korea                    78                          78                 577                                                                                                                          1,056  
  UK and Ireland Short Stay (4)       United Kingdom                 73                          73                 414                                                                                                      569                        
  U. S. Hospitality (6