Brookfield Property Partners L.P.

Our company was established on January 3, 2013, as a Bermuda exempted limited partnership. Its head and registered office is 73 Front Street, 5th Floor, Hamilton HM 12, Bermuda. The company was established by Brookfield Corporation as its primary vehicle for real estate investments across all strategies. Prior to the Privatization, its LP Units were listed on the Nasdaq and the TSX under the symbols "BPY" and "BPY.UN", respectively. Its Preferred Units are listed on the Nasdaq under the symbols "BPYPP", "BPYPO", and "BPYPN". On April 15, 2013, Brookfield Corporation spun off its commercial property operations to the partnership through a special dividend of partnership units to holders of Brookfield Corporation's Class A and B limited voting shares. Each shareholder received one partnership unit for approximately every 17.42 shares, with Brookfield Corporation retaining partnership units, Redemption-Exchange Units, and a 1% general partner interest in the Property Partnership through Property Special LP. The company's general partner is an indirect wholly-owned subsidiary of Brookfield Corporation, and subsidiaries of Brookfield Asset Management provide management services. On August 28, 2018, the company acquired all outstanding common stock of GGP Inc., excluding the 34% interest previously held by the partnership and its affiliates. In connection with this acquisition, BPYU was formed, which, prior to the Privatization, issued public securities designed to offer economic equivalence to an investment in the partnership as a U.S. REIT stock.