Brookfield Properties' operating strategy is to actively manage capital to deliver long-term growth for shareholders throughout economic cycles.
With the premise that top-quality assets foster maximum demand and low vacancy and rollover rates, Brookfield Properties' acquires well-located, modern office buildings that are attractive to large users of space. Owning these premier properties on a long-term basis, Brookfield Properties pro-actively manages each property to maximize value, by maintaining its long-term lease profile with the highest credit quality tenants. Once the value has been surfaced, partnership interests are sold to institutional investors. Brookfield Properties redeploys the capital into higher-growth opportunities.
The company looks to expand its portfolio in markets with stable demand drivers, strong economies and barriers to entry. The company controls over 15 million square feet of development sites in its major markets and seeks to build on them as opportunities arise that can meet the stated return hurdles; projects are currently active in Washington, D.C., Toronto and Calgary. Internal growth, meanwhile, is imbedded in contractual step-ups in rental rates.
