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Brookfield Property Partners issues $250M of series 2 preferred units

Brookfield Property Partners LP issued $250 million worth of series 2 class A cumulative redeemable perpetual preferred units.

The commercial real estate company said net proceeds from the offering are expected to be used for financing and refinancing recently completed and future eligible green projects.

The units have been approved for listing on the Nasdaq Stock Market under the symbol BPYPO.

Wells Fargo Securities LLC, BofA Securities Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC acted as joint book-running managers.