Brookfield Property Says Investing $1.4B to Raise Interest in GGP to 32%

Brookfield Property Partners L.P. (NYSE: BPY ) ("Brookfield Property Partners" or "BPY") today announced that it has agreed to acquire additional shares and warrants of General Growth Properties, Inc. (NYSE: GGP ) ("GGP") for total consideration of $1.4 billion. As a result of the acquisition, Brookfield Property Partners will increase its fully-diluted ownership