Brookfield Property Partners and Brookfield Property REIT Provide Estimated Tax Basis and Tax Characterization of Stock and Cash Distributed in GGP Acquisition

BROOKFIELD NEWS, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) and Brookfield Property REIT Inc. (NASDAQ: BPR) today made available the estimated tax basis and tax characterization applicable to the stock and cash distributed to GGP shareholders in connection with BPYs acquisition of GGP Inc. These details and other information regarding taxconsequences related to the transaction are now available on the Tax Information page of the companys website.

About Brookfield Property Partners and Brookfield Property REIT

Brookfield Property Partners L.P. is one of the worlds largest commercial real estate companies, with approximately $90 billion in total assets. We are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, logistics, hospitality, self-storage, student housing and manufactured housing assets. Brookfield Property Partners is listed on the Nasdaq stock market and the Toronto stock exchange. Further information is available at bpy.brookfield.com.

Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management, a leading global alternative asset manager with over $300 billion in assets under management.

Brookfield Property REIT Inc. is a subsidiary of Brookfield Property Partners. BPRs class A stock was created as a public security that is intended to offer economic equivalence to an investment in BPY in the form of aU.S.REIT stock. Further information is available at bpy.brookfield.com/bpr.

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Brookfield Contact:

Matthew Cherry
Senior Vice President, Investor Relations and Communications
Tel: (212) 417-7488
Email: [email protected]