bpy - supplemental 2020-q3/media/files/b/brookfield-bpy...one reston crescent 1 100.0 % 186 — 186...

Q3 2020 Core OperationsAdditional Information

A s a t S e p t e m b e r 3 0 , 2 0 2 0

B R O O K F I E L D P R O P E R T Y P A R T N E R S L . P .

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TABLE OF CONTENTS

PageCore Office Portfolio Listing 2 Core Office Top Tenants 8 Core Retail Portfolio Listing 9 Core Retail Top Tenants 12 Core Office Debt Listing 13 Core Retail Debt Listing 17

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PORTFOLIO LISTINGCore Office

Assets Under Management Proportionate

(Square Feet in 000's)Number of Properties Occupancy Office Retail Leasable

Parking &(1)Other Total Own % Office Retail Leasable

Parking &(1)Other Total

United States PropertiesMidtown New York300 Madison Avenue 1 100.0 % 1,104 30 1,134 14 1,148 100 % 1,104 30 1,134 14 1,148 333 W 34th Street 1 100.0 % 311 21 332 17 349 18 % 56 4 60 3 63 One Manhattan West(2) 1 93.8 % 2,079 3 2,082 — 2,082 41 % 853 1 854 — 854 Five Manhattan West(2) 1 97.9 % 1,567 163 1,730 10 1,740 41 % 637 66 703 4 707 The Lofts at Manhattan West(2) 1 89.5 % 186 4 190 12 202 41 % 75 2 77 5 82 Grace Building(2) 1 95.1 % 1,516 41 1,557 65 1,622 31 % 463 12 475 20 495

6 96.3 % 6,763 262 7,025 118 7,143 47 % 3,188 115 3,303 46 3,349 Downtown New YorkBrookfield Place 200 Liberty Street 1 92.0 % 1,607 52 1,659 80 1,739 73 % 1,166 38 1,204 58 1,262 225 Liberty Street 1 96.5 % 2,400 3 2,403 175 2,578 73 % 1,741 3 1,744 126 1,870 200 Vesey Street 1 99.9 % 1,257 2 1,259 2 1,261 73 % 912 2 914 1 915 250 Vesey Street 1 100.0 % 1,755 — 1,755 195 1,950 73 % 1,274 — 1,274 141 1,415 Brookfield Place Retail — 90.6 % — 301 301 27 328 73 % — 218 218 20 238 300 Vesey Street 1 98.3 % 548 11 559 — 559 73 % 398 8 406 — 406 One Liberty Plaza(2) 1 97.7 % 2,339 7 2,346 — 2,346 37 % 866 2 868 — 868 One New York Plaza(2) 1 96.8 % 2,510 71 2,581 65 2,646 11 % 273 8 281 7 288 Bleecker Street Retail 1 61.1 % — 14 14 9 23 73 % — 10 10 7 17

8 96.9 % 12,416 461 12,877 553 13,430 54 % 6,630 289 6,919 360 7,279 Washington, D.C.701 Ninth Street 1 100.0 % 364 — 364 145 509 100 % 364 — 364 145 509 Potomac Tower 1 93.8 % 242 — 242 148 390 100 % 242 — 242 148 390 601 South 12th Street 1 100.0 % 305 — 305 179 484 100 % 305 — 305 179 484 701 South 12th Street 1 100.0 % 249 — 249 178 427 100 % 249 — 249 178 427 3 Bethesda Metro Center 1 74.4 % 367 1 368 457 825 100 % 367 1 368 457 825 One Reston Crescent 1 100.0 % 186 — 186 272 458 100 % 186 — 186 272 458 Silver Spring Metro Plaza 3 83.1 % 652 45 697 184 881 84 % 550 38 588 154 742 Two Reston Crescent 1 45.1 % 183 2 185 233 418 100 % 183 2 185 233 418 650 Massachusetts Avenue(2) 1 70.8 % 301 25 326 93 419 40 % 120 10 130 37 167 77 K Street(2) 1 100.0 % 321 4 325 86 411 40 % 128 1 129 34 163 799 Ninth Street(2) 1 98.6 % 193 11 204 55 259 40 % 77 4 81 22 103 1200 K Street(2) 1 100.0 % 365 3 368 119 487 40 % 145 1 146 48 194 1400 K Street(2) 1 93.2 % 184 10 194 86 280 40 % 73 4 77 34 111 1250 Connecticut Avenue(2) 1 84.9 % 162 18 180 57 237 40 % 65 7 72 22 94 Bethesda Crescent(2) 4 88.2 % 264 23 287 148 435 40 % 105 9 114 59 173 Victor Building(2) 1 64.6 % 294 23 317 110 427 40 % 117 9 126 44 170 Reston Summit 2 93.4 % 289 2 291 — 291 100 % 289 2 291 — 291 655 New York Avenue(2) 1 91.5 % 671 91 762 205 967 25 % 168 22 190 52 242

24 88.1 % 5,592 258 5,850 2,755 8,605 69 % 3,733 110 3,843 2,118 5,961 (1) Parking square feet reflects the application of a consistent measurement methodology of 350 square feet per parking space(2) Represents jointly controlled entities

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Core OfficePORTFOLIO LISTING (CONT'D)





United States Properties continuedLos AngelesFigueroa at Wilshire 1 85.3 % 1,032 7 1,039 272 1,311 47 % 488 3 491 129 620 Bank of America Plaza 1 86.3 % 1,381 24 1,405 801 2,206 47 % 653 12 665 379 1,044 Ernst & Young Plaza 1 80.9 % 957 7 964 671 1,635 47 % 453 3 456 317 773 FIGat7th 1 88.0 % — 316 316 194 510 47 % — 150 150 91 241 Wells Fargo Center - North Tower 1 86.7 % 1,324 77 1,401 501 1,902 47 % 626 37 663 237 900 Wells Fargo Center - South Tower 1 61.8 % 1,122 3 1,125 596 1,721 47 % 531 1 532 282 814 The Gas Company Tower 1 84.0 % 1,331 14 1,345 878 2,223 47 % 630 6 636 416 1,052 777 Tower 1 76.9 % 1,025 — 1,025 370 1,395 47 % 485 — 485 175 660 Marina Towers(2) 2 94.4 % 356 16 372 388 760 42 % 150 7 157 164 321

10 81.6 % 8,528 464 8,992 4,671 13,663 47 % 4,016 219 4,235 2,190 6,425 HoustonTotal Plaza 1 92.3 % 822 11 833 61 894 100 % 822 11 833 61 894 Heritage Plaza 1 98.5 % 1,106 29 1,135 699 1,834 10 % 111 2 113 70 183 One Allen Center 1 85.1 % 904 59 963 43 1,006 84 % 762 49 811 37 848 Two Allen Center 1 57.1 % 979 7 986 59 1,045 84 % 825 6 831 50 881 Three Allen Center 1 82.8 % 1,172 1 1,173 89 1,262 84 % 988 1 989 75 1,064 1600 Smith Street 1 56.1 % 1,048 19 1,067 933 2,000 84 % 884 15 899 787 1,686

6 78.6 % 6,031 126 6,157 1,884 8,041 69 % 4,392 84 4,476 1,080 5,556 DenverRepublic Plaza(2) 1 86.7 % 1,276 62 1,338 511 1,849 50 % 638 31 669 255 924

1 86.7 % 1,276 62 1,338 511 1,849 50 % 638 31 669 255 924 San Francisco685 Market Street 1 91.2 % 187 12 199 6 205 50 % 93 7 100 2 102 One Post Street 1 83.8 % 406 18 424 — 424 25 % 102 4 106 — 106

2 86.2 % 593 30 623 6 629 33 % 195 11 206 2 208 Total United States Properties 57 89.3 % 41,199 1,663 42,862 10,498 53,360 56 % 22,792 859 23,651 6,051 29,702 (1) Parking square feet reflects the application of a consistent measurement methodology of 350 square feet per parking space(2) Represents jointly controlled entities

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PORTFOLIO LISTING (CONT'D)





Canada PropertiesTorontoBrookfield Place Bay Wellington Tower 1 97.4 % 1,296 43 1,339 68 1,407 100 % 1,296 43 1,339 68 1,407 Retail and Parking 1 90.8 % — 51 51 504 555 56 % — 28 28 283 311 22 Front Street 1 100.0 % 136 7 143 1 144 100 % 136 7 143 1 144 Exchange Tower 1 94.6 % 954 66 1,020 205 1,225 50 % 477 33 510 102 612 105 Adelaide Street West 1 88.7 % 177 6 183 31 214 100 % 177 6 183 31 214 Hudson's Bay Centre 1 94.6 % 535 215 750 175 925 100 % 535 215 750 175 925 First Canadian Place 1 98.9 % 2,377 225 2,602 212 2,814 25 % 594 56 650 54 704 Bay Adelaide - West Tower 1 99.3 % 1,157 13 1,170 166 1,336 50 % 578 7 585 83 668 Bay Adelaide - East Tower 1 100.0 % 1,014 21 1,035 149 1,184 50 % 507 11 518 74 592 Bay Adelaide Retail (Below Grade) — 100.0 % — 7 7 123 130 100 % — 7 7 123 130 2 Queen Street East 1 99.0 % 459 17 476 70 546 25 % 115 4 119 18 137

10 97.7 % 8,105 671 8,776 1,704 10,480 56 % 4,415 417 4,832 1,012 5,844 CalgaryBankers Hall 3 96.6 % 1,944 222 2,166 482 2,648 50 % 972 111 1,083 241 1,324 Bankers Court 1 99.8 % 257 6 263 70 333 50 % 128 4 132 34 166 Suncor Energy Centre 2 89.9 % 1,708 24 1,732 349 2,081 50 % 854 12 866 174 1,040 Brookfield Place Calgary East Tower 1 89.2 % 1,418 19 1,437 20 1,457 100 % 1,418 19 1,437 20 1,457 Fifth Avenue Place 2 80.5 % 1,526 54 1,580 294 1,874 50 % 763 27 790 147 937

9 90.1 % 6,853 325 7,178 1,215 8,393 59 % 4,135 173 4,308 616 4,924 OttawaPlace de Ville I 2 86.3 % 569 14 583 364 947 25 % 142 4 146 91 237 Place de Ville II 2 95.8 % 589 6 595 332 927 25 % 147 2 149 83 232 Other 1 100.0 % — 3 3 — 3 100 % — 3 3 — 3

5 91.1 % 1,158 23 1,181 696 1,877 25 % 289 9 298 174 472 Total Canadian Properties 24 94.1 % 16,116 1,019 17,135 3,615 20,750 54 % 8,839 599 9,438 1,802 11,240

Australia PropertiesSydney388 George Street 1 57.6 % 394 49 443 27 470 50 % 197 24 221 14 235

1 57.6 % 394 49 443 27 470 50 % 197 24 221 14 235 MelbourneSouthern Cross East Tower(2) 1 99.8 % 833 26 859 340 1,199 50 % 416 13 429 170 599 Southern Cross West Tower 1 99.9 % 482 17 499 15 514 50 % 241 9 250 7 257

2 99.8 % 1,315 43 1,358 355 1,713 50 % 657 22 679 177 856

Perth108 St Georges Terrace 1 86.5 % 402 11 413 40 453 50 % 201 5 206 20 226 Brookfield Place Tower 1 1 98.6 % 847 76 923 141 1,064 100 % 847 76 923 141 1,064 Brookfield Place Tower 2 1 100.0 % 359 — 359 40 399 100 % 359 — 359 40 399

3 96.0 % 1,608 87 1,695 221 1,916 88 % 1,407 81 1,488 201 1,689 BrisbaneCBA Building 1 82.6 % 285 15 300 34 334 50 % 143 6 149 18 167

1 82.6 % 285 15 300 34 334 50 % 143 6 149 18 167 Total Australian Properties 7 91.8 % 3,602 194 3,796 637 4,433 67 % 2,404 133 2,537 410 2,947 (1) Parking square feet reflects the application of a consistent measurement methodology of 350 square feet per parking space(2) Represents jointly controlled entities

Core Office

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U.K. PropertiesLondon99 Bishopsgate(2) 1 100.0 % 333 6 339 12 351 20 % 67 1 68 2 70 100 Bishopsgate 1 89.7 % 893 49 942 22 964 100 % 893 49 942 22 964 Shoreditch 1 64.0 % 16 7 23 5 28 100 % 16 7 23 5 28 Aldgate Tower 1 100.0 % 316 — 316 5 321 10 % 32 — 32 — 32 1 London Wall Place 1 100.0 % 298 — 298 9 307 100 % 298 — 298 9 307 2 London Wall Place 1 95.1 % 176 11 187 2 189 100 % 176 11 187 2 189 Principal Place(2) 1 100.0 % 608 22 630 21 651 50 % 304 11 315 11 326 1 Bank Street(2) 1 100.0 % 547 — 547 — 547 50 % 273 — 273 — 273 20 Bank Street(2) 1 73.6 % 601 — 601 — 601 50 % 300 — 300 — 300 40 Bank Street(2) 1 100.0 % 986 — 986 18 1,004 50 % 493 — 493 9 502 1 Churchill Place(2) 1 100.0 % 546 — 546 12 558 50 % 273 — 273 6 279 25 Churchill Place(2) 1 99.1 % 616 27 643 — 643 50 % 308 14 322 — 322 10 Cabot Square(2) 1 100.0 % 537 19 556 — 556 50 % 269 9 278 — 278 20 Cabot Square(2) 1 100.0 % 544 — 544 19 563 50 % 272 — 272 9 281 33 Canada Square(2) 1 91.1 % 159 14 173 — 173 50 % 79 8 87 — 87 7 Westferry Circus(2) 1 100.0 % 171 — 171 — 171 50 % 86 — 86 — 86 15 Westferry Circus(2) 1 100.0 % 1,022 5 1,027 — 1,027 5 % 51 — 51 — 51 10 Upper Bank Street(2) 1 90.6 % — 144 144 14 158 50 % — 72 72 7 79 Cabot Place(2) 1 84.6 % — 74 74 — 74 50 % — 37 37 — 37 Canada Place(2) 1 96.3 % — 130 130 6 136 50 % — 65 65 3 68 Jubilee Place(2) 1 100.0 % — 37 37 — 37 50 % — 19 19 — 19 Churchill Place(2) 1 100.0 % — 9 9 — 9 50 % — 5 5 — 5 Reuters Plaza(2) 1 100.0 % — 23 23 — 23 50 % — 11 11 — 11 Park Pavilion(2) 1 100.0 % — 219 219 3 222 50 % — 110 110 1 111 16-19 Canada Square(2) 1 88.1 % 1,195 23 1,218 — 1,218 50 % 598 11 609 — 609 One Canada Square(2) 1 100.0 % — 8 8 — 8 50 % — 4 4 — 4 Canada Square Pavillion(2) 1 98.6 % — 114 114 2 116 50 % — 57 57 1 58 Crossrail Place(2) 1 91.5 % 716 — 716 17 733 50 % 358 — 358 8 366 Canary Wharf Parking(2) 1 — % — — — 991 991 50 % — — — 495 495

29 95.3 % 10,280 941 11,221 1,158 12,379 50 % 5,146 501 5,647 590 6,237 Total U.K. Properties 29 95.3 % 10,280 941 11,221 1,158 12,379 50 % 5,146 501 5,647 590 6,237 (1) Parking square feet reflects the application of a consistent measurement methodology of 350 square feet per parking space(2) Represents jointly controlled entities

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Germany PropertiesBerlinA1(2) 1 98.8 % 333 25 358 28 386 25 % 83 6 89 8 97 A2(2) 1 95.3 % 16 239 255 47 302 25 % 4 60 64 12 76 A3(2) 1 71.3 % 3 9 12 34 46 25 % 1 2 3 8 11 A4(2)(3) 1 97.5 % 124 1 125 41 166 25 % 31 — 31 11 42 B1(2)(3) 1 98.3 % 194 12 206 11 217 25 % 49 3 52 2 54 B2(2)(3) 1 83.3 % 34 7 41 9 50 24 % 8 2 10 2 12 B3(2)(3) 1 96.2 % 6 5 11 107 118 25 % 2 1 3 26 29 B4(2)(3) 1 100.0 % 145 — 145 48 193 25 % 36 — 36 12 48 B5(2)(3) 1 — % — — — 222 222 25 % — — — 55 55 B6(2)(3) 1 99.6 % 145 3 148 80 228 25 % 36 1 37 20 57 B7(2)(3) 1 83.6 % — 139 139 62 201 25 % — 35 35 15 50 B8(2)(3) 1 78.9 % — 5 5 142 147 25 % — 1 1 36 37 B9(2) 1 100.0 % — 36 36 26 62 25 % — 9 9 6 15 C1(2)(3) 1 95.4 % 397 5 402 108 510 25 % 99 1 100 27 127 A5,C2,C3(2) 1 — % — — — 203 203 25 % — — — 51 51 D1-D2(2) 1 100.0 % — 293 293 — 293 25 % — 73 73 — 73

16 96.5 % 1,397 779 2,176 1,168 3,344 25 % 349 194 543 291 834 Total German Properties 16 96.5 % 1,397 779 2,176 1,168 3,344 25 % 349 194 543 291 834

United Arab Emirates PropertiesDubaiICD Brookfield Place(2) 1 24.5 % 930 168 1,098 475 1,573 50 % 465 84 549 238 787 Total United Arab Emirates Properties 1 24.5 % 930 168 1,098 475 1,573 50 % 465 84 549 238 787

Brazil PropertiesSão PauloFaria Lima 1 100.0 % 276 — 276 209 485 51 % 141 — 141 107 248

1 100.0 % 276 — 276 209 485 51 % 141 — 141 107 248 Rio de JaneiroL'Oreal 1 100.0 % 197 16 213 64 277 67 % 131 11 142 43 185

1 100.0 % 197 16 213 64 277 67 % 131 11 142 43 185 Total Brazilian Properties 2 100.0 % 473 16 489 273 762 57 % 272 11 283 150 433

Total Core Properties 136 90.7 % 73,997 4,780 78,777 17,824 96,601 54 % 40,267 2,381 42,648 9,532 52,180 (1) Parking square feet reflects the application of a consistent measurement methodology of 350 square feet per parking space(2) Represents jointly controlled entities(3) Leasable square feet excludes retail square feet under redevelopment

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Core OfficePORTFOLIO LISTING (CONT'D) - OTHER

(Square feet in 000's) Total Leaseable Square Feet

Multifamily Rental Properties Location Occupancy(1) UnitsAssets Under Management Proportionate

The Eugene Manhattan, NY 85.2 % 844 587 238

One Blue Slip(2) Brooklyn, NY 53.2 % 359 369 128

Thayer & Spring(2) Silver Spring, MD 76.2 % 399 321 278

Andorra Camarillo, CA 97.6 % 450 414 207

Olmstead Nashville, TN 75.0 % 328 254 229

Domain Orlando, FL 89.5 % 324 340 299

10 George Street(2) London, UK 35.0 % 327 237 119

Total Multifamily Rental 3,031 2,522 1,498

Hotel Properties Location RoomsC. Baldwin Houston, TX 354(1) Physical occupancy as at quarter end(2) Recently completed property in initial lease-up phase

Other Operating PortfolioIncluded in the Core Office segment are several non-office operating assets as detailed below. Multifamily rental assets are presented in commercial properties and hotel assets are presented in property, plant and equipment.

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TOP TENANTS

Tenant Primary location Credit rating(1) Year of expiry(2)Total

(sq. ft. in 000's) Exposure (%)(3)

1 Government and Government Agencies Various AA+/AAA 2028 5,974 7.7 % 2 Morgan Stanley NY/London A 2029 2,091 2.7 % 3 Barclays London/Toronto/Calgary BBB 2033 1,625 2.1 % 4 CIBC World Markets(4) Calgary/Toronto/NY AA 2035 1,445 1.9 % 5 Suncor Energy Inc. Calgary BBB+ 2028 1,394 1.8 % 6 Bank of Montreal Calgary/Toronto AA 2043 1,135 1.5 % 7 Deloitte Various Not Rated 2032 1,081 1.4 % 8 EY Various Not Rated 2037 1,054 1.4 % 9 Cenovus Calgary BB 2040 1,022 1.3 % 10 Bank of America | Merrill Lynch Various A 2034 998 1.3 % 11 Royal Bank of Canada Various AA 2035 997 1.3 % 12 Amazon NY/London A 2032 963 1.2 % 13 Skadden, Arps, Slate, Meagher & Flom LLP NY/London Not Rated 2040 770 1.0 % 14 Time Inc (HQ) New York B 2033 696 0.9 % 15 BHP Billiton Perth A 2027 661 0.9 % 16 Cleary, Gottlieb, Steen & Hamilton LLP NY/London Not Rated 2031 612 0.8 % 17 Hudson's Bay Company NY/Toronto Not Rated 2033 599 0.8 % 18 Westcoast Energy Calgary Not Rated 2028 574 0.7 % 19 Canadian Natural Resources Limited Calgary BBB 2026 572 0.7 % 20 CIB Properties Limited London Not Rated 2026 544 0.7 %

Total 24,807 32.1 %(1) From Standard & Poor's Rating Services, Moody's Investment Services, Inc. or DBRS Limited(2) Reflects year of maturity related to lease(s) and is calculated based on a weighted average basis based on square feet where applicable(3) Prior to considering partnership interests in partially-owned properties(4) CIBC World Markets leases 1.1 million square feet at 300 Madison Avenue in New York, of which they sublease 940,000 square feet to PricewaterhouseCoopers LLP and 100,000 square feet to Sumitomo Corporation of America

Core Office

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PORTFOLIO LISTING

Property Name Location Own %

Mall and Freestanding

GLA

Anchor GLA (BPYU Owned)

Anchor GLA (Tenant Owned)

Strip Center GLA Office GLA Total GLA(1)

Proportionate(2) GLA

Retail Percentage

Leased Key Tenants

Consolidated Retail Properties200 Lafayette New York, NY 90 % 30 — — — — 30 27 100.0 % Leased218 W 57th Street New York, NY 90 % 35 — — — — 35 32 — %605 North Michigan Avenue Chicago, IL 90 % 73 — — — — 73 66 79.3 % Sephora, Chase Bank, Regus530 Fifth Avenue New York, NY 81 % 59 — — — — 59 48 100.0 % Vans, Chase Bank, Duane Reade685 Fifth Avenue New York, NY 88 % 24 — — — — 24 21 100.0 % Coach, Stuart Weitzman, Tag Heuer730 Fifth Avenue New York, NY 90 % 74 — — — — 74 67 29.7 % Bulgari, Mikimoto, Zegna830 N. Michigan Ave. Chicago, IL 90 % 117 — — — — 117 106 96.7 % Uniqlo, ColumbiaBeachwood Place Beachwood, OH 90 % 325 317 247 97 — 986 667 89.4 % Nordstrom, Saks Fifth Avenue, Dillard'sBellis Fair Bellingham, WA 90 % 428 100 238 — — 766 477 82.5 % Macy's, JCPenney, Kohl's, Dick's Sporting Goods, TargetBrass Mill Center Waterbury, CT 90 % 445 218 319 189 — 1,171 769 88.6 % Macy's, JCPenney, Burlington Stores, Regal CinemasCoastland Center Naples, FL 90 % 336 276 315 — — 927 552 90.7 % Dillard's, Macy's, JCPenneyColumbia Mall Columbia, MO 90 % 300 — 421 — — 721 270 87.8 % Dillard's, JCPenney, TargetCoral Ridge Mall Coralville, IA 90 % 521 — 442 — 25 988 493 94.9 % Dillard's, Scheels, JCPenney, Target, Homegoods, Best Buy, UltaCrossroads Center St. Cloud, MN 90 % 423 168 229 — — 820 533 83.1 % Macy's, Scheels, JCPenney, TargetDeerbrook Mall Humble, TX 90 % 634 — 654 — — 1,288 572 97.3 % Dillard's, Macy's, JCPenney, AMC Theaters, Dick's Sporting GoodsEastridge Mall Casper, WY 90 % 281 214 76 — — 571 447 84.3 % JCPenney, Dick's Sporting Goods, TargetFour Seasons Town Centre Greensboro, NC 90 % 490 294 202 — — 986 707 91.9 % Dillard's, JCPenney, Round 1 BowlingFox River Mall Appleton, WI 90 % 613 — 595 — — 1,208 553 94.7 % Macy's, Scheels, JCPenney, TargetGrand Teton Mall Idaho Falls, ID 90 % 213 199 125 93 — 630 456 87.6 % Dillard's, Macy's, JCPenney, Ross Dress For LessGreenwood Mall Bowling Green, KY 90 % 423 278 151 — — 852 633 90.8 % Dillard's, Belk, JCPenneyHulen Mall Ft. Worth, TX 90 % 394 — 597 — — 991 355 95.3 % Dillard's, Macy'sJordan Creek Town Center West Des Moines, IA 90 % 732 152 198 252 — 1,334 1,026 98.4 % Von Maur, Dillard's, Scheels, Century Theaters

Mall Of Louisiana Baton Rouge, LA 90 % 617 — 806 144 — 1,567 686 95.5 %Dillard's, Macy's, JCPenney, Nordstrom Rack, AMC Theaters, Dick's Sporting Goods, Main Event

Mall St. Matthews Louisville, KY 90 % 499 — 514 — — 1,013 450 90.0 % Dillard's, Cinemark, JCPenney, Dave & Buster'sMayfair Wauwatosa, WI 90 % 623 289 360 — 188 1,460 993 97.7 % Nordstrom, Macy's, AMC Theaters, Crate & BarrelMeadows Mall Las Vegas, NV 90 % 309 — 637 — — 946 279 89.1 % Dillard's, Macy's, JCPenney, Round 1 BowlingMondawmin Mall Baltimore, MD 90 % 384 — — — 74 458 413 98.6 % Ross Dress for Less, Shoppers Food & PharmacyNeshaminy Mall Bensalem, PA 90 % 382 416 218 — — 1,016 720 79.5 % Barnes & Noble, Boscov's, AMC Theaters, Round 1 BowlingNorth Point Mall Alpharetta, GA 90 % 407 540 363 — 25 1,335 878 85.5 % Von Maur, Dillard's, Macy's, JCPenneyNorth Star Mall San Antonio, TX 90 % 516 207 522 — — 1,245 652 93.2 % Dillard's, Macy's, Saks Fifth Avenue, JCPenneyNorthtown Mall Spokane, WA 90 % 431 242 242 — — 915 607 91.5 % Macy's, Kohl's, JCPenney, Regal CinemasOakwood Center Gretna, LA 90 % 355 229 332 — — 916 528 92.9 % Dillard's, JCPenney, Dick's Sporting GoodsOakwood Mall Eau Claire, WI 90 % 462 146 198 — — 806 549 91.1 % JCPenney, Scheels, Hobby LobbyOxmoor Center Louisville, KY 85 % 313 296 271 — — 880 519 92.6 % Von Maur, Macy's, Dick's Sporting Goods, Top GolfParamus Park Paramus, NJ 90 % 374 — 289 — 21 684 357 88.7 % Macy's, Stew Leonard'sPark City Center Lancaster, PA 90 % 516 515 227 — 7 1,265 937 90.8 % Boscov's, Kohl's, JCPenneyPark Meadows Lone Tree, CO 90 % 732 — 823 — — 1,555 661 98.2 % Nordstrom, Dillard's, Macy's, JCPenney, Dick's Sporting GoodsPeachtree Mall Columbus, GA 90 % 385 222 201 — 13 821 559 94.1 % Dillard's, Macy's, At Home, JCPenneyPecanland Mall Monroe, LA 90 % 410 20 532 — — 962 388 89.6 % Dillard's, Belk, JCPenney, Dick's Sporting GoodsPerimeter Mall Atlanta, GA 90 % 505 222 831 — — 1,558 656 97.7 % Nordstrom, Von Maur, Dillard's, Macy'sPioneer Place Portland, OR 90 % 322 — — — — 322 290 92.5 % Apple, Tiffany's, Louis Vuitton, H&M, Zara, WeWorkPrince Kuhio Plaza Hilo, HI 90 % 308 125 62 — — 495 390 90.6 % Macy's, TJ Maxx, Tractor Supply, CVSProvidence Place Providence, RI 85 % 699 233 200 — — 1,132 794 90.1 % Macy's, Boscov's, Providence Place Cinemas, Dave & Buster'sQuail Springs Mall Oklahoma City, OK 90 % 389 160 537 — — 1,086 495 89.2 % Von Maur, Dillard's, JCPenney, AMC Theaters, Lifetime Fitness, Round 1 BowlingRiver Hills Mall Mankato, MN 90 % 368 180 174 — — 722 494 86.2 % Scheels, JCPenney, TargetRivertown Crossings Grandville, MI 90 % 637 150 486 — — 1,273 710 87.6 % Macy's, Kohl's, JCPenney, Dick's Sporting Goods, Round 1 BowlingShops at Merrick Park Coral Gables, FL 90 % 414 — 330 — 101 845 465 94.5 % Neiman Marcus, Nordstrom, Equinox(1) Excludes space under development(2) Excludes tenant-owned anchor space

Core Retail

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GLA

Anchor GLA (BPYU Owned)


Strip Center

GLA Office GLATotal GLA(1)


Retail Percentage

Leased Key Tenants

Consolidated Retail PropertiesSooner Mall Norman, OK 90 % 243 135 137 — — 515 341 87.8 % Dillard's, JCPenneySouthwest Plaza Littleton, CO 90 % 684 35 542 — 62 1,323 705 96.1 % Dillard's, Macy's, JCPenney, Target, Dick's Sporting GoodsSpokane Valley Mall Spokane, WA 90 % 335 126 251 138 — 850 541 88.9 % Macy's, JCPenney, Nordstrom Rack, Dick's Sporting Goods, Regal CinemasStaten Island Mall Staten Island, NY 90 % 855 50 467 83 — 1,455 892 91.8 % Primark, Macy's, JCPenney, AMC Theaters, Dave & Buster'sStonestown Galleria San Francisco, CA 90 % 398 161 — — — 559 504 94.1 % Regal Cinemas, Whole Foods, Trader Joe's, Target, The Sports BasementThe Shoppes At Buckland Hills Manchester, CT 90 % 549 — 513 — — 1,062 496 92.8 % Macy's, JCPenney, Dick's Sporting GoodsThe Streets At Southpoint Durham, NC 85 % 599 — 726 — — 1,325 510 96.9 % Nordstrom, Macy's, Belk, JCPenney, Barnes & NobleThe Woodlands Mall Woodlands, TX 90 % 703 — 713 — 42 1,458 672 96.7 % Nordstrom, Macy's, Dillard's, JCPenney, Dick's Sporting GoodsTown East Mall Mesquite, TX 90 % 454 — 809 — — 1,263 410 97.1 % Dillard's, Macy's, JCPenney, Dick's Sporting GoodsTowson Town Center Towson, MD 90 % 615 — 419 — — 1,034 555 89.7 % Nordstrom, Macy's, Round 1 Bowling, Crate & BarrelTysons Galleria McLean, VA 90 % 294 260 252 — — 806 500 93.1 % Neiman Marcus, Saks Fifth Avenue, BowleroValley Plaza Mall Bakersfield, CA 90 % 525 270 292 — — 1,087 717 95.0 % Macy's, JCPenney, TargetVisalia Mall Visalia, CA 90 % 179 257 — — — 436 394 93.9 % Macy's, JCPenneyWater Tower Place Chicago, IL 85 % 411 297 — — 86 794 673 90.9 % Macy's, American GirlWestlake Center Seattle, WA 90 % 126 — — — — 126 114 95.2 % Saks Off Fifth, Nordstrom Rack, ZaraWillowbrook Wayne, NJ 90 % 579 128 738 — — 1,445 639 99.0 % Bloomingdale's, Macy's, Lord & Taylor, Cinemark, Dave & Buster's

Total Consolidated Retail Properties Count: 63 25,876 8,127 19,823 996 644 55,466 32,010 92.3 %

Unconsolidated Retail Properties85 Fifth Avenue New York, NY 45 % 13 — — — — 13 6 100.0 % Anthropologie

Ala Moana Center Honolulu, HI 45 % 1,301 972 — 14 363 2,650 1,196 94.4 % Nordstrom, Bloomingdale's, Neiman Marcus, Macy's, Foodland Farms, Target

Alderwood Lynnwood, WA 45 % 578 178 528 39 — 1,323 359 97.5 % Nordstrom, Macy's, JCPenney, Loews Cineplex

Altamonte Mall Altamonte Springs, FL 45 % 482 331 312 — — 1,125 367 91.9 % Dillard's, Macy's, JCPenney, AMC Theaters

Apache Mall Rochester, MN 46 % 413 206 163 — — 782 285 94.9 % Macy's, Scheels, JCPenney

Augusta Mall Augusta, GA 46 % 482 — 597 — — 1,079 222 97.7 % Dillard's, Macy's, JCPenney, Dick's Sporting Goods

Baybrook Mall Friendswood, TX 46 % 1,075 97 721 — — 1,893 539 98.7 %Dillard's, Macy's, JCPenney, Lifetime Fitness, Star Cinema Grill, Dick's Sporting Goods, Dave & Buster's

Boise Towne Square Boise, ID 46 % 409 426 248 115 — 1,198 437 90.6 % Dillard's, Macy's, Kohl's, JCPenney, Nordstrom Rack

Carolina Place Pineville, NC 45 % 533 277 349 — — 1,159 366 93.0 % Dillard's, Belk, JCPenney, Dave & Buster's, Dick's Sporting Goods

Christiana Mall Newark, DE 23 % 610 — 641 — — 1,251 138 98.3 % Nordstrom, Macy's, JCPenney, Cinemark, Cabela's, Target

Clackamas Town Center Happy Valley, OR 45 % 622 — 775 — — 1,397 281 94.9 % Macy's, JCPenney, Century Theatres, Dave & Buster's

Columbiana Centre Columbia, SC 46 % 294 145 361 — — 800 202 94.3 % Dillard's, Belk, JCPenney, Dave & Buster's

Coronado Center Albuquerque, NM 46 % 663 118 281 — — 1,062 359 97.6 % Macy's, Kohl's, JCPenney, Dick's Sporting Goods, Round 1 Bowling, Furniture City

Cumberland Mall Atlanta, GA 46 % 625 155 278 — — 1,058 359 97.9 % Macy's, Costco, Dick's Sporting Goods, Round 1 Bowling

Fashion Place Murray, UT 46 % 462 162 338 — — 962 287 100.0 % Nordstrom, Dillard's, Macy's, Crate & Barrel

Fashion Show Las Vegas, NV 45 % 837 272 762 — — 1,871 500 94.3 %Neiman Marcus, Nordstrom, Saks Fifth Avenue, Dillard's, Macy's, Macy's Men, Dick's Sporting Goods

First Colony Mall Sugar Land, TX 45 % 545 — 619 — — 1,164 246 97.9 % Dillard's, Macy's, JCPenney, Dick's Sporting Goods, AMC Theaters

Florence Mall Florence, KY 45 % 380 — 552 — — 932 172 80.4 % Macy's, Macy's Home Store, JCPenney

Galleria At Tyler Riverside, CA 45 % 562 — 622 — — 1,184 254 92.6 % Macy's, JCPenney, AMC Theaters

Glenbrook Square Fort Wayne, IN 46 % 422 556 — — — 978 450 87.9 % Macy's, JCPenney, Round 1 Bowling

Glendale Galleria Glendale, CA 45 % 511 305 525 — 138 1,479 431 95.2 % Bloomingdale's, Macy's, JCPenney, Target, Dick's Sporting Goods, Gold's Gym

Governor's Square Tallahassee, FL 46 % 338 — 692 — — 1,030 156 84.8 % Dillard's, JCPenney

Kenwood Towne Centre Cincinnati, OH 45 % 517 241 401 — — 1,159 342 97.8 % Nordstrom, Dillard's, Macy's, Louis Vuitton, Tiffany

Lynnhaven Mall Virginia Beach, VA 46 % 650 150 381 — — 1,181 368 97.0 % Dillard's, Macy's, JCPenney, Dick's Sporting Goods, AMC Theaters, Dave & Buster's

Market Place Shopping Center Champaign, IL 46 % 462 81 150 — — 693 250 96.2 % Macy's, Kohl's, JCPenney, Dick's Sporting Goods

Miami Design District Miami, FL 20 % 669 — — — 86 755 152 89.6 % Hermes, Fendi, Louis Vuitton, Valentino, Bulgari, Prada, Gucci

Mizner Park Boca Raton, FL 23 % 140 80 — — 264 484 111 94.5 % Lord & Taylor, IPIC Theaters

Natick Mall Natick, MA 45 % 934 88 558 — — 1,580 461 92.2 % Neiman Marcus, Nordstrom, Macy's, Lord & Taylor, Wegman's, Dave & Buster's(1) Excludes space under development(2) Excludes tenant-owned anchor space

Core Retail

11




GLA

Anchor GLA (BPR

Owned)


Strip Center

GLA Office GLATotal GLA(1)


Retail Percentage

Leased Key TenantsUnconsolidated Retail Properties

Northbrook Court Northbrook, IL 45 % 448 406 130 — — 984 385 88.9 % Neiman Marcus, Lord & Taylor, AMC Theaters, Crate & Barrel, Fresh Farm

Northridge Fashion Center Northridge, CA 46 % 656 257 557 — — 1,470 420 95.1 %Macy's, JCPenney, Dick's Sporting Goods, Pacific Theaters, Dave & Buster's, Gold's Gym

Oakbrook Center Oak Brook, IL 43 % 1,381 284 468 — 260 2,393 829 97.2 % Neiman Marcus, Nordstrom, Macy's, AMC Theatres, Lifetime Fitness, KidZania

Oglethorpe Mall Savannah, GA 46 % 399 221 316 — — 936 286 89.5 % Macy's, Belk, JCPenney

One Union Square San Francisco, CA 45 % 23 — — — 20 43 19 97.6 % Bulgari, Moncler

Otay Ranch Town Center Chula Vista, CA 45 % 535 — 140 — — 675 242 91.9 % Macy's, AMC Theaters, Barons Market

Park Place Tucson, AZ 46 % 466 — 584 — — 1,050 214 92.1 % Dillard's, Century Theatres, Round 1 Bowling

Pembroke Lakes Mall Pembroke Pines, FL 46 % 393 353 386 — — 1,132 344 95.6 % Dillard's, Macy's, JCPenney, AMC Theaters, Round 1 Bowling

Pinnacle Hills Promenade Rogers, AR 45 % 367 99 162 306 74 1,008 382 87.1 % Dillard's, JCPenney, Malco Theatres, Dave & Buster's

Plaza Frontenac St. Louis, MO 50 % 219 126 135 — — 480 171 94.8 % Neiman Marcus, Saks Fifth Avenue

Ridgedale Center Minnetonka, MN 46 % 364 177 596 — — 1,137 249 90.8 % Nordstrom, Macy's, JCPenney

Riverchase Galleria Hoover, AL 46 % 513 330 610 — — 1,453 388 89.2 % Von Maur, Macy's, Belk, Belk Homestore, JCPenney, Dave & Buster's

Saint Louis Galleria St. Louis, MO 66 % 460 — 714 — — 1,174 306 96.3 % Nordstrom, Dillard's, Macy's

Stonebriar Centre Frisco, TX 45 % 923 163 703 — — 1,789 490 97.6 %Nordstrom, Dillard's, Macy's, JCPenney, Dick's Sporting Goods, AMC Theaters, KidZania

The Crossroads Portage, MI 46 % 261 82 421 — — 764 158 86.1 % Macy's, Burlington Stores, JCPenney

The Gallery At Harborplace Baltimore, MD 46 % 91 — — — 292 383 176 68.1 % Victoria Secret, Footlocker, Forever 21, Spaces

The Grand Canal Shoppes Las Vegas, NV 45 % 647 — — — 43 690 312 99.4 % Louis Vuitton, Tao Nightclub, Smith & Wollensky, Canaletto

The Maine Mall South Portland, ME 46 % 570 — 378 — 1 949 262 98.2 % Macy's, JCPenney, Round 1 Bowling, Best Buy, Jordan's Furniture

The Mall In Columbia Columbia, MD 45 % 705 278 449 — — 1,432 443 92.2 %Nordstrom, Macy's, Lord & Taylor, JCPenney, AMC Theaters, Main Event, Barnes & Noble

The Oaks Mall Gainesville, FL 46 % 342 233 325 — — 900 265 86.1 % Dillard's, Belk, JCPenney

The Parks Mall at Arlington Arlington, TX 46 % 767 — 749 — 1 1,517 353 98.2 % Dillard's, Macy's, JCPenney, Nordstrom Rack, Dick's Sporting Goods

The Shoppes at River Crossing Macon, GA 45 % 409 — 333 — — 742 185 89.9 % Dillard's, Belk, Dick's Sporting Goods

The Shops at La Cantera San Antonio, TX 34 % 617 — 628 — 71 1,316 233 97.2 % Neiman Marcus, Nordstrom, Dillard's, Macy's

The Shops at The Bravern Bellevue, WA 36 % 161 125 — — — 286 103 95.5 % Neiman Marcus, Hermes, Louis Vuitton, Gucci, Lifetime Fitness

The SoNo Collection Norwalk, CT 12 % 318 300 — — — 618 72 99.6 % Nordstrom, Bloomingdale's, Lillian August

Tucson Mall Tucson, AZ 46 % 618 — 641 27 — 1,286 297 92.2 % Dillard's, Macy's, JCPenney, Dick's Sporting Goods

Westroads Mall Omaha, NE 46 % 517 173 356 — — 1,046 317 94.6 % Von Maur, JCPenney, AMC Theaters, Dick's Sporting Goods

Whaler's Village Lahaina, HI 45 % 110 — — — 9 119 54 96.9 % Louis Vuitton, Lululemon, Leilani's, Hula Grill

White Marsh Mall Baltimore, MD 46 % 434 257 466 — — 1,157 318 94.2 % Macy's, Macy's Home Store, Boscov's, JCPenney, Dave & Buster's

Willowbrook Mall Houston, TX 45 % 520 — 984 — — 1,504 235 95.9 % Dillard's, Macy's, JCPenney, Dick's Sporting Goods

Woodbridge Center Woodbridge, NJ 46 % 629 458 561 — — 1,648 501 93.8 % Macy's, Lord & Taylor, Boscov's, JCPenney, Dick's Sporting Goods

Total Unconsolidated Retail Properties Count: 59 30,392 9,162 22,646 501 1,622 64,323 18,305 94.4 %

Total Retail Properties Count: 122 56,268 17,289 42,469 1,497 2,266 119,789 50,315 93.4 %(1) Excludes space under development(2) Excludes tenant-owned anchor space

Core Retail

12

TOP TENANTS

Tenant Primary Brands Exposure(1)

1 L Brands, Inc Victoria's Secret, Bath & Body Works, PINK 3.9 %2 Foot Locker, Inc Footlocker, Champs Sports, Footaction USA, House of Hoops 3.1 %3 LVMH Louis Vuitton, Sephora, Fendi, Bulgari, Dior, Tag Heuer 2.7 %4 The Gap, Inc Gap, Banana Republic, Old Navy, Athleta 2.2 %5 American Eagle Outfitters, Inc American Eagle Outfitters, Aerie 1.8 %6 Signet Jewelers Limited Zales, Gordon's, Kay, Jared 1.7 %7 Abercrombie & Fitch Stores, Inc Abercrombie, Abercrombie & Fitch, Hollister 1.5 %8 Forever 21 Retail, Inc Forever 21 1.5 %9 Express, Inc Express, Express Men, Express Factory 1.5 %

10 Luxottica Group S.P.A. Lenscrafters, Sunglass Hut, Pearle Vision 1.4 %Total 21.3 %

(1) Percent of minimum rents, tenant recoveries and other

Core Retail

13

Core OfficeDEBT

Sep. 30, 2020 Proportionate Mortgagedetails(US$ Millions) Location Rate Maturity date IFRS Total 2020 2021 2022 2023 2024 Thereafter

United States601 & 701 South 12th Street Washington, D.C. 4.18 % November 2020 $ 85 $ 85 $ 85 $ — $ — $ — $ — $ — Fixed200 Vesey Street New York 2.15 % December 2020 341 246 246 — — — — — FloatingOne Post Street San Francisco 4.54 % March 2021 175 53 — 53 — — — — Fixed300 Vesey Street New York 2.10 % April 2021 180 131 — 131 — — — — FloatingBrookfield Place Retail New York 3.45 % June 2021 317 230 — 230 — — — — FloatingThe Gas Company Tower Los Angeles 4.35 % August 2021 450 213 — 213 — — — — Fixed685 Market Street San Francisco 1.81 % October 2021 85 45 — 45 — — — — FloatingC. Baldwin Hotel Houston 3.75 % November 2021 56 47 — 47 — — — — Floating1600 Smith Street and One and Three Allen Center Houston 5.64 % April 2022 425 357 — — 357 — — — Fixed3 Bethesda Metro Center Washington, D.C. 1.61 % July 2022 100 100 — — 100 — — — FloatingDomain/Olmstead Nashville / Florida 4.61 % August 2022 100 90 — — 90 — — — FixedTwo Blue Slip(1) New York 2.41 % December 2022 162 154 — — 154 — — — Floating333 W 34th Street New York 2.68 % January 2023 130 30 — — — 30 — — FixedFIGat7th Los Angeles 3.88 % March 2023 59 28 — — — 28 — — FixedBleecker Street Retail New York 2.26 % April 2023 21 15 — — — 15 — — FloatingTwo Allen Center Houston 2.66 % April 2023 188 158 — — — 158 — — FloatingFigueroa at Wilshire Los Angeles 3.49 % July 2023 239 113 — — — 113 — — FixedWells Fargo Center - North Tower Los Angeles 2.34 % October 2023 500 238 — — — 238 — — FloatingWells Fargo Center - South Tower Los Angeles 1.96 % November 2023 261 123 — — — 123 — — FloatingTotal Plaza Houston 2.16 % January 2024 119 119 — — — — 119 — FloatingPotomac Tower Washington, D.C. 1.80 % April 2024 96 96 — — — — 96 — FloatingBank of America Plaza Los Angeles 4.05 % September 2024 400 189 — — — — 189 — Fixed777 Tower Los Angeles 2.60 % October 2024 275 130 — — — — 130 — FixedStudio Plaza Phase I Washington, D.C. 1.91 % November 2024 80 69 — — — — 69 — FloatingOne & Two Reston Crescent Washington, D.C. 5.10 % December 2024 65 65 — — — — 65 — FixedReston Summit Washington, D.C. 1.76 % April 2025 63 63 — — — — — 63 FloatingBOP Reston F(1) Washington, D.C. 2.91 % May 2025 25 25 — — — — — 25 FloatingSilver Spring Metro Plaza Washington, D.C. 2.41 % May 2025 110 92 — — — — — 92 Floating755 Figueroa(1) Los Angeles 2.91 % June 2025 37 18 — — — — — 18 FloatingErnst & Young Plaza Los Angeles 3.40 % October 2025 305 144 — — — — — 144 Floating250 Vesey Street New York 3.77 % November 2025 600 435 — — — — — 435 Fixed225 Liberty Street New York 4.66 % February 2026 900 653 — — — — — 653 Fixed200 Liberty Street New York 4.50 % February 2027 550 399 — — — — — 399 Fixed

701 Ninth Street Washington, D.C. 6.73 % December 2028 114 114 — — — — — 114 Fixed

300 Madison Avenue New York 5.61 % April 2032 858 858 — — — — — 858 FixedUnited States properties 3.91 % $ 8,471 $ 5,925 $ 331 $ 719 $ 701 $ 705 $ 668 $ 2,801 (1)Development debt

14

Core Office


CanadaBankers Court Calgary 4.91 % November 2020 $ 27 $ 27 $ 27 $ — $ — $ — $ — $ — FixedFifth Avenue Place Calgary 4.71 % August 2021 100 100 — 100 — — — — FixedExchange Tower Toronto 4.00 % April 2022 69 69 — — 69 — — — FixedHudson's Bay Centre Toronto 1.98 % May 2022 141 141 — — 141 — — — FloatingBrookfield Place Calgary East Tower Calgary 2.94 % November 2022 370 370 — — 370 — — — Floating105 Adelaide Street West Toronto 3.84 % May 2023 22 22 — — — 22 — — FixedBay Adelaide North(1) Toronto 1.91 % September 2023 45 45 — — — 45 — — FloatingBankers Hall Calgary 4.38 % November 2023 198 198 — — — 198 — — FixedFirst Canadian Place Toronto 3.53 % December 2023 50 50 — — — 50 — — Fixed2 Queen Street East Toronto 3.30 % February 2025 24 24 — — — — — 24 FixedBay Adelaide Centre Toronto 3.87 % March 2025 338 338 — — — — — 338 Fixed22 Front Street Toronto 2.99 % September 2025 39 39 — — — — — 39 FloatingPlace de Ville I and II Ottawa 3.72 % June 2025 30 30 — — — — — 30 FixedBay Wellington Tower Toronto 3.40 % April 2026 496 496 — — — — — 496 FixedSuncor Energy Centre Calgary 5.19 % August 2033 172 172 — — — — — 172 FixedCanadian properties 3.61 % $ 2,121 $ 2,121 $ 27 $ 100 $ 580 $ 315 $ — $ 1,099 AustraliaSouthern Cross East Tower Melbourne 1.94 % November 2021 $ 143 $ 143 $ — $ 143 $ — $ — $ — $ — FloatingCBA Building Brisbane 1.77 % November 2021 82 61 — 47 14 — — — FloatingSouthern Cross West Tower Melbourne 1.39 % November 2022 90 90 — — 90 — — — Floating108 St. Georges Terrace Perth 1.94 % October 2022 64 64 — — 64 — — — Floating388 George Street Sydney 1.59 % November 2022 143 143 — — 143 — — — FloatingBPREP-A Sydney / Perth 1.62 % August 2022 194 76 — — 18 58 — — FloatingElizabeth Quay(1) Perth 3.05 % July 2023 20 20 — — — 20 — — FloatingBrookfield Place Tower 1 & 2 Perth 1.84 % April 2024 630 630 — — — — 630 — FloatingAustralian properties 1.80 % $ 1,366 $ 1,227 $ — $ 190 $ 329 $ 78 $ 630 $ — United Kingdom100 Bishopsgate London 1.63 % October 2024 $ 1,143 $ 1,143 $ — $ — $ — $ — $ 1,143 $ — Floating1 & 2 London Wall Place London 2.63 % January 2025 665 665 — — — — — 665 FloatingUnited Kingdom properties 1.99 % $ 1,808 $ 1,808 $ — $ — $ — $ — $ 1,143 $ 665 Brazil Faria Lima São Paulo 9.50 % October 2034 $ 53 $ 27 $ — $ — $ — $ — $ — $ 27 FloatingBrazilian properties 9.50 % $ 53 $ 27 $ — $ — $ — $ — $ — $ 27 (1)Development debt

DEBT (CONT’D)

15

Core OfficeDEBT (CONT’D)


Other jointly controlled propertiesWood Wharf(1) London 2.94 % February 2021 $ — $ 382 $ — $ 162 $ 114 $ 106 $ — $ — Fixed1200 K Street Washington, D.C. 5.88 % February 2021 — 47 — 47 — — — — FixedBethesda Crescent Washington, D.C. 5.58 % February 2021 — 21 — 21 — — — — FixedOne New York Plaza New York 3.05 % March 2021 — 82 — 82 — — — — FixedSouthbank Place(1) London 3.83 % April 2021 — 36 — 36 — — — — FloatingGrace Building New York 3.61 % June 2021 — 274 — 274 — — — — FixedThe Lofts at Manhattan West New York 2.91 % June 2021 — 28 — 28 — — — — FloatingVictor Building Washington, D.C. 2.16 % June 2021 — 62 — 62 — — — — FloatingMarina Towers Los Angeles 2.41 % September 2021 — 35 — 35 — — — — FloatingOne Blue Slip(1) New York 5.41 % November 2021 — 56 — 56 — — — — FixedCanary Wharf Retail and Parking London 2.96 % November 2021 — 452 — 452 — — — — FixedNewfoundland(1) London 4.14 % December 2021 — 177 — 177 — — — — Fixed15 Westferry Circus London 3.53 % April 2022 — 59 — — 59 — — — Fixed77 K Street Washington, D.C. 4.58 % June 2022 — 42 — — 42 — — — Fixed650 Massachusetts Avenue Washington, D.C. 3.21 % July 2022 — 34 — — 34 — — — FixedRepublic Plaza Denver 4.24 % December 2022 — 128 — — 128 — — — Fixed7 Westferry Circus London 2.93 % August 2023 — 26 — — — 26 — — FixedICD Brookfield Place(1) Dubai 4.38 % December 2023 — 246 — — — 246 — — FloatingCanary Wharf Credit Facility London 6.37 % March 2024 — 61 — — — — 61 — Fixed10 Upper Bank Street London 2.61 % April 2024 — 28 — — — — 28 — Fixed1250 Connecticut Avenue Washington, D.C. 3.35 % May 2024 — 24 — — — — 24 — FixedOne Liberty Plaza New York 3.72 % July 2024 — 316 — — — — 316 — FixedManhattan West Retail(1) New York 2.91 % September 2024 — 37 — — — — 37 — FloatingAndorra Camarillo, CA 1.45 % September 2024 — 47 — — — — 47 — Floating1 Bank Street(1) London 2.26 % November 2024 — 375 — — — — 375 — FixedPendry Manhattan West(1) New York 2.66 % January 2025 — 16 — — — — — 16 FloatingFive Manhattan West New York 4.19 % March 2025 — 463 — — — — — 463 FixedContinued on next page(1) Development debt

16

Core OfficeDEBT (CONT’D)


Other jointly controlled properties continued799 Ninth Street Washington, D.C. 3.99 % May 2025 $ — $ 48 $ — $ — $ — $ — $ — $ 48 Fixed655 New York Avenue(1) Washington, D.C. 2.41 % June 2025 — 118 — — — — — 118 Floating1100 Avenue of the Americas(1) New York 2.11 % June 2025 — 14 — — — — — 14 Floating99 Bishopsgate London 3.41 % July 2025 — 47 — — — — — 47 Fixed25 Churchill Place London 2.21 % July 2025 — 287 — — — — — 287 FloatingQuay Club(1) London 3.35 % December 2025 — 15 — — — — — 15 FloatingPotsdamer Platz Berlin 1.50 % December 2025 — 303 — — — — — 303 FixedTwo Manhattan West(1) New York 2.41 % February 2027 — 224 — — — — — 224 FloatingOne Manhattan West New York 2.94 % September 2027 — 732 — — — — — 732 FixedThe Eugene New York 2.85 % December 2027 — 196 — — — — — 196 FixedPrincipal Place London 3.02 % January 2028 — 298 — — — — — 298 Fixed1400 K Street Washington, D.C. 3.85 % January 2028 — 26 — — — — — 26 FixedCanary Wharf Group Pooled Debt London 3.89 % April 2030 — 1,012 — — — — — 1,012 Fixed/Floating1 Churchill Place London 0.28 % July 2034 — 297 — — — — — 297 FloatingOther jointly controlled properties 3.15 % $ — $ 7,171 $ — $ 1,432 $ 377 $ 378 $ 888 $ 4,096 Total including debt associated with assets held for sale 13,819 18,279 358 2,441 1,987 1,476 3,329 8,688 Less: Debt associated with assets held for sale — — — — — — — — Total before deferred financing costs $ 13,819 $ 18,279 $ 358 $ 2,441 $ 1,987 $ 1,476 $ 3,329 $ 8,688 Less: Deferred financing costs (105) (155) Total $ 13,714 $ 18,124 CorporateBNYC Credit Facility 1.81 % September 2022 $ 209 $ 152 $ — $ — $ 152 $ — $ — $ — FloatingCorporate 1.81 % $ 209 $ 152 $ — $ — $ 152 $ — $ — $ — Weighted average interest rate 3.27 % 2.79 % 3.40 % 3.22 % 3.25 % 2.37 % 3.60 %(1) Development debt

17

DEBTCore Retail


ConsolidatedWater Tower Place Chicago,IL 4.33 % October 2020 $ 362 $ 307 $ 307 $ — $ — $ — $ — $ — FixedMall St. Matthews Louisville,KY 2.72 % October 2020 170 154 154 — — — — — FixedDeerbrook Mall Humble (Houston),TX 5.25 % April 2021 130 117 — 117 — — — — FixedBrass Mill Center Waterbury,CT 1.91 % April 2021 63 57 — 57 — — — — FloatingColumbia Mall Columbia,MO 1.91 % April 2021 43 39 — 39 — — — — FloatingGrand Teton Mall Idaho Falls,ID 1.91 % April 2021 41 37 — 37 — — — — FloatingMayfair Wauwatosa (Milwaukee),WI 1.91 % April 2021 331 299 — 299 — — — — FloatingMondawmin Mall Baltimore,MD 1.91 % April 2021 81 73 — 73 — — — — FloatingNorth Town Mall Spokane,WA 1.91 % April 2021 82 74 — 74 — — — — FloatingOakwood Eau Claire,WI 1.91 % April 2021 67 61 — 61 — — — — FloatingOakwood Center Gretna,LA 1.91 % April 2021 83 75 — 75 — — — — FloatingPioneer Place Portland,OR 1.91 % April 2021 121 109 — 109 — — — — FloatingQuail Springs Mall Oklahoma City,OK 1.91 % April 2021 63 56 — 56 — — — — FloatingRiver Hills Mall Mankato,MN 1.91 % April 2021 66 60 — 60 — — — — FloatingSooner Mall Norman,OK 1.91 % April 2021 68 62 — 62 — — — — FloatingSouthwest Plaza Littleton (Denver),CO 1.91 % April 2021 110 99 — 99 — — — — FloatingProvidence Place Providence,RI 5.65 % May 2021 325 277 — 277 — — — — FixedFox River Mall Appleton,WI 5.46 % June 2021 160 144 — 144 — — — — FixedTown East Mall Mesquite (Dallas),TX 3.57 % June 2021 160 145 — 145 — — — — FixedVisalia Mall Visalia,CA 3.71 % June 2021 74 67 — 67 — — — — FixedOxmoor Center Louisville,KY 5.37 % June 2021 81 69 — 69 — — — — FixedEastridge Casper,WY 1.91 % April 2021 41 37 — 37 — — — — FloatingFour Seasons Greensboro,NC 1.91 % April 2021 28 26 — 26 — — — — FloatingRivertown Crossings Grandville (Grand Rapids),MI 5.19 % June 2021 133 120 — 120 — — — — FixedTysons Galleria McLean (Washington, D.C.),VA 4.06 % September 2021 282 254 — 254 — — — — FixedPark City Center Lancaster (Philadelphia),PA 4.00 % September 2021 135 122 — 122 — — — — FloatingWestlake Center - Land Seattle,WA 12.90 % November 2021 2 2 — 2 — — — — Fixed530 Fifth Avenue New York,NY 3.40 % November 2021 110 95 — 95 — — — — Floating200 Lafayette New York,NY 2.66 % November 2021 27 24 — 24 — — — — FloatingBellis Fair Bellingham (Seattle),WA 5.23 % February 2022 80 72 — — 72 — — — FixedThe Shoppes at Buckland Hills Manchester,CT 5.19 % March 2022 112 101 — — 101 — — — FixedThe Streets at SouthPoint Durham,NC 4.36 % May 2022 229 195 — — 195 — — — FixedSpokane Valley Mall Spokane,WA 4.65 % June 2022 50 45 — — 45 — — — Fixed830 North Michigan Chicago,IL 4.00 % July 2022 73 66 — — 66 — — — FloatingGreenwood Mall Bowling Green,KY 4.19 % July 2022 60 54 — — 54 — — — FixedWestlake Center Seattle,WA 2.66 % July 2022 49 44 — — 44 — — — FloatingNorth Star Mall San Antonio,TX 3.93 % August 2022 285 257 — — 257 — — — FixedCoral Ridge Mall Coralville (Iowa City),IA 5.71 % September 2022 95 86 — — 86 — — — FixedCoastland Center Naples,FL 3.76 % November 2022 109 99 — — 99 — — — FixedPecanland Mall Monroe,LA 3.88 % March 2023 81 73 — — — 73 — — FixedCrossroads Center (MN) St. Cloud,MN 3.25 % April 2023 90 82 — — — 82 — — FixedMeadows Mall Las Vegas,NV 3.96 % July 2023 134 121 — — — 121 — — Fixed

18

DEBT (CONT'D)Core Retail


ConsolidatedPrince Kuhio Plaza Hilo,HI 4.10 % July 2023 $ 39 $ 35 $ — $ — $ — $ 35 $ — $ — FixedStaten Island Mall Staten Island,NY 4.77 % September 2023 227 205 — — — 205 — — FixedStonestown Galleria San Francisco,CA 4.39 % October 2023 174 157 — — — 157 — — Fixed605 North Michigan Avenue Chicago,IL 4.76 % December 2023 80 72 — — — 72 — — FixedJordan Creek Town Center West Des Moines,IA 4.37 % January 2024 194 175 — — — — 175 — Fixed730 Fifth Avenue New York ,NY 5.28 % September 2024 808 729 — — — — 729 — FloatingHulen Mall Fort Worth,TX 2.96 % October 2024 89 80 — — — — 80 — FloatingShops at Merrick Park Coral Gables,FL 3.90 % November 2024 390 352 — — — — 352 — FixedPark Meadows Lone Tree,CO 3.56 % November 2024 700 632 — — — — 632 — FixedValley Plaza Mall Bakersfield,CA 3.75 % March 2025 229 207 — — — — — 207 FixedWillowbrook Mall Wayne,NJ 3.55 % March 2025 360 325 — — — — — 325 FixedBeachwood Place Beachwood,OH 3.94 % March 2025 206 186 — — — — — 186 FixedTowson Town Center Towson,MD 3.82 % August 2025 312 282 — — — — — 282 FixedParamus Park Paramus,NJ 4.07 % September 2025 120 108 — — — — — 108 FixedPeachtree Mall Columbus,GA 3.94 % December 2025 72 65 — — — — — 65 FixedPerimeter Mall Atlanta,GA 3.96 % September 2026 275 248 — — — — — 248 FixedNorth Point Mall Alpharetta (Atlanta),GA 4.54 % September 2026 247 223 — — — — — 223 FixedMall of Louisiana Baton Rouge,LA 3.98 % August 2027 325 293 — — — — — 293 FixedProvidence Place - Other Providence,RI 7.75 % July 2028 28 24 — — — — — 24 Fixed685 Fifth Avenue New York,NY 4.53 % July 2028 275 241 — — — — — 241 FixedThe Woodlands Woodlands (Houston),TX 4.36 % August 2029 462 417 — — — — — 417 FixedConsolidated Property Level $ 10,498 $ 9,412 $ 461 $ 2,600 $ 1,019 $ 745 $ 1,968 $ 2,619 UnconsolidatedThe Mall in Columbia Columbia,MD 3.95 % November 2020 $ — $ 143 $ 143 $ — $ — $ — $ — $ — FixedKenwood Towne Centre Cincinnati,OH 5.37 % December 2020 — 124 124 — — — — — FixedThe Shops at The Bravern Bellevue,WA 2.50 % December 2020 — 20 20 — — — — — FloatingOakbrook Center Oak Brook (Chicago),IL 3.66 % January 2021 — 183 — 183 — — — — FixedWhaler's Village Lahaina,HI 5.42 % January 2021 — 36 — 36 — — — — FixedMiami Design District Misc Miami,FL 9.07 % March 2021 — 39 — 39 — — — — FloatingNorthridge Fashion Center Northridge (Los Angeles),CA 5.10 % April 2021 — 97 — 97 — — — — FixedWillowbrook Mall (TX) Houston,TX 5.13 % April 2021 — 81 — 81 — — — — Fixed85 Fifth Avenue New York,NY 2.91 % April 2021 — 27 — 27 — — — — FloatingWhite Marsh Mall Baltimore,MD 3.66 % May 2021 — 87 — 87 — — — — FixedWillowbrook Mall Tucson,AZ 5.18 % May 2021 — 78 — 78 — — — — FixedTucson Mall Tucson,AZ 4.01 % June 2021 — 113 — 113 — — — — FixedFashion Place Murray,UT 3.64 % June 2021 — 104 — 104 — — — — FixedNorthbrook Court Northbrook,IL 4.25 % November 2021 — 53 — 53 — — — — FixedFashion Show - Other Las Vegas,NV 6.06 % November 2021 — 1 — 1 — — — — FixedAla Moana Center Honolulu,HI 4.23 % April 2022 — 632 — — 632 — — — FixedThe Gallery at Harborplace Baltimore,MD 5.24 % May 2022 — 33 — — 33 — — — FixedFlorence Mall Florence (Cincinnati, OH),KY 4.15 % June 2022 — 41 — — 41 — — — FixedClackamas Town Center Happy Valley,OR 4.18 % October 2022 — 97 — — 97 — — — Fixed

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UnconsolidatedThe Oaks Mall Gainesville,FL 4.55 % October 2022 $ — $ 55 $ — $ — $ 55 $ — $ — $ — FixedWestroads Mall Omaha,NE 4.55 % October 2022 — 62 — — 62 — — — FixedThe Shoppes at River Crossing Macon,GA 3.75 % March 2023 — 33 — — — 33 — — FixedAla Moana Expansion Honolulu,HI 3.80 % May 2023 — 226 — — — 226 — — FixedCumberland Mall Atlanta,GA 3.67 % May 2023 — 74 — — — 74 — — FixedCarolina Place Pineville (Charlotte),NC 3.84 % June 2023 — 73 — — — 73 — — FixedOglethorpe Mall Savannah,GA 3.90 % July 2023 — 66 — — — 66 — — FixedAugusta Mall Augusta,GA 4.36 % August 2023 — 78 — — — 78 — — FixedRidgedale Center Minnetonka,MN 2.76 % September 2023 — 77 — — — 77 — — FloatingRiverchase Galleria Birmingham,AL 3.66 % September 2023 — 76 — — — 76 — — FloatingApache Mall Rochester,MN 3.66 % September 2023 — 34 — — — 34 — — FloatingColumbiana Centre Columbia,SC 3.66 % September 2023 — 63 — — — 63 — — FloatingOne Union Square San Francisco,CA 5.12 % October 2023 — 23 — — — 23 — — FixedBoise Towne Square Boise,ID 4.79 % October 2023 — 53 — — — 53 — — FixedGalleria at Tyler Riverside,CA 5.05 % November 2023 — 76 — — — 76 — — FixedMarket Place Shopping Center Champaign,IL 3.11 % November 2023 — 41 — — — 41 — — FloatingThe Crossroads (MI) Portage,MI 4.42 % December 2023 — 41 — — — 41 — — FixedWoodbridge Center Woodbridge,NJ 4.80 % April 2024 — 110 — — — — 110 — FixedThe Maine Mall South Portland,ME 4.66 % April 2024 — 108 — — — — 108 — FixedGovernor's Square Tallahassee,FL 3.56 % May 2024 — 28 — — — — 28 — FloatingCoronado Center Albuquerque,NM 3.56 % May 2024 — 101 — — — — 101 — FloatingLynnhaven Mall Virginia Beach,VA 3.56 % May 2024 — 108 — — — — 108 — FloatingStonebriar Centre Frisco (Dallas),TX 4.05 % August 2024 — 119 — — — — 119 — FixedBaybrook Mall Friendswood (Houston),TX 5.52 % September 2024 — 106 — — — — 106 — FixedThe Parks Mall at Arlington Arlington (Dallas),TX 5.57 % September 2024 — 106 — — — — 106 — FixedFashion Show Las Vegas,NV 4.03 % November 2024 — 377 — — — — 377 — FixedNatick Mall Natick (Boston),MA 3.72 % November 2024 — 228 — — — — 228 — FixedPinnacle Hills Promenade Rogers,AR 4.13 % January 2025 — 49 — — — — — 49 FixedAltamonte Mall Altamonte Springs (Orlando),FL 3.72 % February 2025 — 69 — — — — — 69 FixedPembroke Lakes Mall Pembroke,FL 3.56 % March 2025 — 120 — — — — — 120 FixedAlderwood Lynnwood (Seattle),WA 3.48 % June 2025 — 143 — — — — — 143 FixedBoise Towne Plaza Boise,ID 4.13 % August 2025 — 8 — — — — — 8 Fixed

Boise Towne Square Fort Wayne,IN 4.27 % November 2025 — 72 — — — — — 72 FixedGlendale Galleria Glendale,CA 4.06 % September 2026 — 194 — — — — — 194 FixedThe Shops at La Cantera San Antonio, Bexar County,TX 3.60 % May 2027 — 118 — — — — — 118 FixedBaybrook Expansion Friendswood,TX 3.77 % December 2027 — 37 — — — — — 37 FixedChristiana Mall Newark,DE 4.28 % August 2028 — 124 — — — — — 124 FixedPlaza Frontenac St. Louis,MO 4.43 % August 2028 — 50 — — — — — 50 FixedSaint Louis Galleria St. Louis,MO 5.10 % November 2028 — 172 — — — — — 172 FixedThe Grand Canal Shoppes Las Vegas,NV 4.29 % July 2029 — 441 — — — — — 441 Fixed

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UnconsolidatedFirst Colony Mall Sugarland,TX 3.55 % November 2029 $ — $ 99 $ — $ — $ — $ — $ — $ 99 FixedMiami Design District Miami,FL 4.13 % March 2030 — 100 — — — — — 100 FixedUnconsolidated Property Level $ — $ 6,327 $ 287 $ 899 $ 920 $ 1,034 $ 1,391 $ 1,796 CorporateTerm Loan A-1 3.15 % August 2021 $ 35 $ 31 $ — $ 31 $ — $ — $ — $ — Floating Revolving Facility 2.40 % August 2022 920 830 — — 830 — — — Floating Term Loan A-2 3.15 % August 2023 2,000 1,805 — — — 1,805 — — Floating Term Loan B 2.65 % August 2025 1,955 1,764 — — — — — 1,764 Floating Senior Secured Notes 5.75 % May 2026 945 853 — — — — — 853 FixedJunior Subordinated Notes Due 2036 1.72 % April 2036 206 186 — — — — — 186 Floating Total Corporate $ 6,061 $ 5,469 $ — $ 31 $ 830 $ 1,805 $ — $ 2,803 Other, net (14) (69) Deferred Financing Costs (33) (36) Total $ 16,512 $ 21,103 $ 748 $ 3,530 $ 2,769 $ 3,584 $ 3,359 $ 7,218 Weighted average interest rate 3.84 % 4.05 % 3.62 % 3.75 % 3.60 % 4.24 % 3.89 %

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GLOSSARY OF TERMS

Terms Description

Anchor Department stores whose merchandise appeals to a broad range of shoppers. Anchors either own their stores, the land under them and adjacent parking areas, or enter into long-term leases at rates that are generally lower than the rents charged to mall store tenants.

Gross Leasable Area ("GLA") Total gross leasable space at 100%.

Mall and freestanding Inline mall shop and outparcel retail locations (locations that are not attached to the primary complex of buildings that comprise a shopping center). Excludes anchor stores.

Office (as defined by Core Retail segment only) Leasable office space, either peripheral to a retail center or a stand-alone office building without a retail component.

Strip center An attached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores. Open canopies may connect the storefronts, but a strip center does not have enclosed walkways linking the stores.

bpy - supplemental 2020-q3/media/files/b/brookfield-bpy...one reston crescent 1 100.0 % 186 — 186...

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