FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

and/or foreclosure of mortgage loans. As a lender, we may also be subject to penalties for violation of usurylimitations, which penalties may be triggered by contracting for, charging or receiving usurious interest.Bankruptcy laws may delay our ability to realize on our collateral or may adversely affect the priority thereofthrough doctrines such as equitable subordination or may result in a restructuring of the debt through principlessuch as the “cramdown” provisions of applicable bankruptcy laws.We have significant interests in public companies, and changes in the market prices of the stock of suchpublic companies, particularly during times of increased market volatility, could have a negative impact onour financial condition and results of operations.We hold significant interests in public companies, and changes in the market prices of the stock of suchpublic companies could have a material impact on our financial condition and results of operations. Globalsecurities markets have been highly volatile, and continued volatility may have a material negative impact on ourconsolidated financial position and results of operations.We have significant interests in Brookfield-sponsored real estate opportunity and finance funds, and poorinvestment returns in these funds could have a negative impact on our financial condition and results ofoperations.We have, and expect to continue to have in the future, significant interests in Brookfield-sponsored realestate opportunity and finance funds, and poor investment returns in these funds, due to either market conditionsor underperformance (relative to their competitors or to benchmarks), would negatively affect our financialcondition and results of operations. In addition, interests in such funds are subject to the risks inherent in theownership and operation of real estate and real estate-related businesses and assets generally.Our ownership of underperforming real estate properties involves significant risks and potential additionalliabilities.We hold interests in certain real estate properties with weak financial conditions, poor operating results,substantial financial needs, negative net worth or special competitive problems, or that are over-leveraged. Ourownership of underperforming real estate properties involves significant risks and potential additional liabilities.Our exposure to such underperforming properties may be substantial in relation to the market for those interestsand distressed assets may be illiquid and difficult to sell or transfer. As a result, it may take a number of years forthe fair value of such interests to ultimately reflect their intrinsic value as perceived by us.We face risks relating to the jurisdictions of our operations.We own and operate commercial properties in a number of jurisdictions, including but not limited toNorth America, Europe, Australia and Brazil. Our operations will be subject to significant political, economicand financial risks, which vary by jurisdiction, and may include:• changes in government policies or personnel;• restrictions on currency transfer or convertibility;• changes in labor relations;• political instability and civil unrest;• fluctuations in foreign exchange rates;• challenges of complying with a wide variety of foreign laws including corporate governance,operations, taxes and litigation;• differing lending practices;18