Retail
As of September 30, 2024, the partnership owned 106 million square feet of retail in 103 properties in the United States.
In September 2014, Brookfield signed a lease with Hudson's Bay Company, owners of Saks Fifth Avenue department stores, at Brookfield Place, to open an 85,000 square foot store and occupy 400,000 square feet of office space in the building.
In July 2016, an investment fund sponsored by Brookfield Corporation acquired Rouse Properties, owner of 35 malls and retail centers in 21 states.
Brookfield first acquired an interest in GGP Inc. in 2016. In August 2018, Brookfield acquired the remaining shares of GGP. Concurrent with the GGP deal, Brookfield acquired retail properties on Bleecker Street in Manhattan from New York REIT with plans to revitalize the properties by creating an incubator for online and emerging retailers, and hosting cultural events and art installations.
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In September 2020, the partnership, along with Simon Property Group, acquired the retail business of JCPenney. That month, during the COVID-19 pandemic, the partnership laid off 20% of its staff in its retail group, approximately 300 people.
Manufactured housing
In 2017, an investment fund sponsored by Brookfield Corporation acquired a portfolio of 135 manufactured housing communities comprising 33,000 pads across 13 US states. By January 2024, when it owned 175 manufactured housing properties, it sold 19 properties for $325 million.
