BPYPN - Brookfield Property Partners: Iconic Assets At Iconic Discount
100 Bishopsgate, London, EC2, United Kingdom
Canary Wharf, London E14 5AB, United Kingdom
1 Manhattan West, 401 9th Ave, New York, NY 10001, United States
Background
Panic selling has caused massive outflows from the real estate sector as offices and stores around the world shutter due to the COVID-19 pandemic. A number of REITs and REOCs have tumbled to levels that present compelling opportunities to acquire quality assets at compelling valuations. We believe Brookfield Property Partners (BPY) is one of them.
Year to date, BPY has fallen by almost 55% from $18-20/unit in