Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 263

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 263
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 and other contractual requirements.

NOTE 5. EQUITY ACCOUNTED INVESTMENTS

The partnership has investments in joint arrangements that are joint ventures, and also has investments in associates. Joint ventures hold individual commercial properties and portfolios of commercial properties and developments that the partnership owns together with co-owners where decisions relating to the relevant activities of the joint venture require the unanimous consent of the co-owners. Details of the partnership’s investments in joint ventures and associates, which have been accounted for in accordance with the equity method of accounting, are as follows:

                                                                                             Proportion of ownership                     
  (US$ Millions)                          Principal activity            Principal place                Dec. 31, 2024      Dec. 31, 2023  
  Joint ventures                                                                                                                         
  Stork Holdco LP                         Property holding company      United Kingdom                            50                 50  
  Midtown New York Mixed-use Complex      Property holding company      United States                             56                 56  
  U. S. Retail JV Pool A                  Property holding company      United States                             50                 50  
  Honolulu Shopping Center                Property holding company      United States                             50                 50  
  U. S. Retail JV Pool B                  Property holding company      United States                             51                 51  
  U. S. Retail JV Pool C                  Property holding company      United States                             50                 50  
  Bryant Park Office Tower                Property holding company      United States                             50                 50  
  Las Vegas Mall A                        Property holding company      United States                             50                 50  
  U. S. Retail JV Pool D                  Property holding company      United States                             48                 48  
  Las Vegas Mall B                        Property holding company      United States                             50                 50  
  Other (1)(2)                            Various                       Various                            15% - 60%          15% - 75%  
  Associates                                                                                                                             
  Other                                   Various                       Various                            31% - 50%          16% - 50%  

(1) Other joint ventures consists of approximately 50 600

(2) Other joint ventures also includes the partnership’s approximate 8 878

- F-27 -

The following table presents the change in the balance of the partnership’s equity accounted investments as of December 31, 2024 and 2023:

  (US$ Millions) Years ended Dec. 31,                                       2024                      2023              
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