Brookfield Property Partners LP and two affiliates filed a short-form base shelf prospectus for the sale of up to US$1.50 billion of securities from time to time.
The filing covers the sale of limited partnership units, preferred limited partnership units, debt securities and class A preference shares for a period of 25 months.
Brookfield Asset Management Inc. may also offer and sell nonvoting limited partnership units under the prospectus.
Net proceeds from any offerings may be used for general business purposes, including but not limited to the repayment or refinancing of debt, purchases, capital expenses and working capital needs.
The diversified real estate operating and management company will not receive any proceeds from units offered and sold by Brookfield Asset Management.
