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

Independent Auditor’s ReportTo the Members ofTRZ Holdings LLC:We have audited the accompanying consolidated statements of operations, comprehensive income and cash flowsof TRZ Holdings LLC and Subsidiaries (the “Company”) for the year ended December 31, 2009. These financialstatements are the responsibility of the Company’s management. Our responsibility is to express an opinion onthese financial statements based on our audit.We conducted our audit in accordance with auditing standards generally accepted in the United States ofAmerica. Those standards require that we plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free of material misstatement. An audit includes consideration of internalcontrol over financial reporting as a basis for designing audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internalcontrol over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, ona test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accountingprinciples used and significant estimates made by management, as well as evaluating the overall financialstatement presentation. We believe that our audit provides a reasonable basis for our opinion.In our opinion, such consolidated statements of operations, comprehensive income and cash flows present fairly,in all material respects, the results of operations and cash flows of the Company for the year ended December 31,2009, in conformity with accounting principles generally accepted in the United States of America./s/ Deloitte & Touche LLPChartered AccountantsLicensed Public AccountantsToronto, CanadaApril 9, 2010, except as to Note 8 for the year ended December 31, 2009for which the date is March 29, 2012F-72