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

espective accounting regime, which are within the scope of the 2011 year-end financial statement auditconducted by external auditors. To determine the year-end valuations, management assumptions include, but arenot limited to:• projected occupancy rates based on current occupancy, lease renewals and lease-up plans;• projected rental rates based on current rent rolls and anticipated growth based on market activity andlease-up plans;• projected operating expenses based on current expenses, inflation and lease-up plans;• capital expenditures based on age of properties and required upgrades;• appropriate discount rates; and• terminal capitalization rates.The historical performance of Brookfield should not be taken as an indication of performance by ourcompany or Brookfield in the future or of any returns expected on an investment in our units.Operating PlatformsOur business is organized in four operating platforms, with assets as of March 31, 2012 as set forth in thediagram below. The capital invested in these operating platforms is through a combination of: direct investment;investments in asset level partnerships or joint venture arrangements; sponsorship and participation in privateequity funds; and the ownership of shares in other public companies. Combining both publicly-listed and privateinstitutional capital provides a competitive advantage in flexibility and access to capital to fund growth.BROOKFIELD PROPERTYPARTNERSOffice$35 billion of assets undermanagement124 properes82 million sq. .18 million sq. . developmentpipelineRetail$35 billion of assets undermanagement182 properes164 million sq. .$350 million redevelopmentpipelineMulti-Family &Industrial$1 billion of assets undermanagement12,400 mul-family units3 million sq. . industrial spaceOpportunisticInvestments$3 billion of assets undermanagement11 million sq. . office spaceand other assets44