Brookfield Property REIT acquisitions, on the record

Word for word“On March 26, 2018, GGP and Brookfield Property Partners L.P. ("BPY") entered into an agreement and plan of merger (as amended by the amendment thereto dated June 25, 2018, the "Merger Agreement") pursuant to which BPY would acquire all of the shares of GGP common stock, par value $0.01 per share, that BPY and its affiliates did not already own through a series of transactions (collectively, the "BPY Transaction"), including, among other things, the exchange of all shares of GGP common stock owned by certain affiliates of BPY and any subsidiary of GGP for a newly authorized series of preferred stock of GGP designated Series B Preferred Stock (the "Class B Exchange") and the payment of a special dividend payable to certain holders of record of GGP common stock pursuant to the terms of the Merger Agreement (the "Pre-Closing Dividend").” 10-K for 2018

Word for word“This is partially offset by the divestiture of our investment in Seritage Growth Properties stock in 2016, which resulted in a $13.1 million gain ( Note 2 ).” 10-K for 2018

Word for word“The $100.0 million was paid down in full in conjunction with the sale of the commercial office unit on July 13, 2018.” 10-K for 2018

Word for word“In addition, the acquisition of our joint venture partner's interest in Neshaminy during the second quarter of 2017 and the transaction at 218 West 57th Street, 530 Fifth Avenue, and 685 Fifth Avenue during the third quarter of 2017 resulted in a $14.7 million increase in base minimum rents.” 10-K for 2018

Word for word“The acquisition of the 50% interest in Riverchase Galleria from our joint venture partner during the fourth quarter of 2016 resulted in an offsetting $8.6 million increase in tenant recoveries.” 10-K for 2018

Word for word“The acquisition of the 50% interest in Riverchase Galleria from our joint venture partner and the acquisition of 605 N. Michigan Avenue during the fourth quarter of 2016 resulted in an offsetting $22.3 million increase in base minimum rents.” 10-K for 2018

Word for word“The loss on foreign currency during 2017 is related to the impact of changes in the exchange rate on the proceeds from the settlement of a note receivable denominated in Brazilian Reais and received in conjunction with the sale of Aliansce in the third quarter of 2013.” 10-K for 2018

Word for word“Unconsolidated Real Estate Affiliates - gain on investment of $240.4 million during 2019 relates to the JPM Transaction, the sale of our 12.0% interest in Bayside Marketplace and the 49.3% sale of our interest in Authentic Brands Group LLC ("ABG") ( Note 3 ).” 10-K for 2019

Word for word“Unconsolidated Real Estate Affiliates - gain on investment of $240.4 million during 2019 relates to the JPM Transaction, the sale of our 12.0% interest in Bayside Marketplace and the 49.3% sale of our interest in Authentic Brands Group LLC ("ABG") ( Note 3 ).” 10-K for 2019

Word for word“In addition, the sale of our partial interest at one operating property in the fourth quarter of 2018 resulted in a $10.2 million decrease in rental revenues during 2019 as compared to 2018 as the property is now accounted for in Unconsolidated Real Estate Affiliates ( Note 3 ).” 10-K for 2019

Word for word“The gain from changes in control of investment properties of $720.7 million during 2019 is related to the acquisition of four operating properties which had been Unconsolidated Real Estate Affiliates from its former joint venture partners in the properties (affiliates of JPMorgan Chase & Co. ("JPM") and New York State Teachers' Retirement System ("NYSTRS")) and resulting in the Company obtaining control over the entities and consolidating the properties 34 beginning on the transaction date ("JPM Transaction") in the fourth quarter of 2019 (Note 3) and the acquisition of an additional interest at one property in the third quarter of 2019 (Note 3).” 10-K for 2020

Word for word“Unconsolidated Real Estate Affiliates - gain on investment of $240.4 million during 2019 relates to the JPM Transaction, the sale of our 12.0% interest in Bayside Marketplace and the 49.3% sale of our interest in Authentic Brands Group LLC ("ABG") (Note 3).” 10-K for 2020

Word for word“Unconsolidated Real Estate Affiliates - gain on investment of $240.4 million during 2019 relates to the JPM Transaction, the sale of our 12.0% interest in Bayside Marketplace and the 49.3% sale of our interest in Authentic Brands Group LLC ("ABG") (Note 3).” 10-K for 2020