In April 2013, Brookfield Asset Management (NYSE:BAM) completed the spin-off of Brookfield Property Partners (NYSE:BPY). The Company is structured as a limited partnership (LP) and BAM holds 92.5% of the LP units as well as the GP interest. Upon an initial review of the Company's corporate presentations found here and here, the Company's prospects seem very attractive. After all, BPY is a recent spin-off completely unfollowed by Wall Street analysts and attractively valued at a +20% discount to NAV with a +5% dividend yield, boasting a very attractive portfolio of commercial real estate assets and partnering with BAM to source billions($) of global opportunistic real estate deals.
Going forward, Brookfield Property Partners will be the...
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