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

The following table summarizes all office development projects in our portfolio by geographic location asat March 31, 2012.(000’s Sq. Ft.)Number of Sites Owned Interest (%) TotalAtOwnershipUnited States 7 95 9,657 9,197Canada 5 78 4,227 3,301Australia 5 100 2,677 2,677Europe 1 50 950 475Total 18 89 17,511 15,650Retail PlatformOur strategy for our retail platform includes:• Growing our high quality portfolio. We are continuing to grow our high quality retail portfolio byfocusing on growth areas in dynamic and resilient markets where we have a significant presencethat we believe are under-served by quality retail centers. We also redevelop our retail properties ona selective basis to enhance our portfolio when we believe a market is ready and appropriate riskadjustedreturns can be earned. We look to maintain a meaningful presence in each of our primarymarkets in order to maximize the value of our tenant relationships.• Positioning malls as the “only” or “best” mall in town. We seek to position our malls as the“only” or “best” mall in their market areas in order to concentrate consumer traffic and capturefavorable demographic trends. We aim to do this by creating malls as irreplaceable destinationswithin the community.• Optimizing occupancy and enhance income. In order to optimize occupancy levels, we look forways to increase tenant sales per square foot and lease spreads while decreasing our occupancycosts. We also seek to diversify the tenants at our malls across retail sectors in order to achievecomplementary retail mixes. We continue to pursue alternative income streams through parking,merchandising and other initiatives at our malls, while assessing cost efficiencies and synergiesacross our retail portfolio.• Actively managing our portfolio capital structures. We intend to achieve our goal of protectingand creating growth in the value of our retail portfolio by actively managing capital structures andconservatively financing assets.Our retail portfolio consists of high quality retail centers in target markets predominantly in the UnitedStates, Brazil and Australia. As at March 31, 2012, our retail portfolio consisted of interests in 182 well-locatedhigh quality retail properties encompassing approximately 164 million square feet of retail space.As at March 31, 2012, our retail portfolio consisted of 166 regional malls totaling approximately158 million square feet in major and middle markets throughout the United States with the concentration of ourregional malls as a percentage of our total regional mall gross leasable area allocated as follows: west region(26%), southeast region (23%), midwest region (21%), northeast region (16%) and southwest region (14%). Webelieve 24 regional malls in our retail portfolio are the premier regional malls in their market areas whenmeasured against the top 100 leading malls in the United States. These high quality regional malls typically haveaverage annual tenant sales per square foot of $725 or higher. Regional malls in our portfolio include Ala Moanain Honolulu, Fashion Show in Las Vegas, the Natick Collection in Natick (Boston), Tysons Galleria inWashington, D.C., Park Meadows in Lone Tree (Denver) and Water Tower Place in Chicago. More broadly, weown an interest in 125 of the top 600 regional malls in the country. A significant number of these regional mallsare either the only mall in their market area, or, as part of a cluster of malls, receive relatively high consumertraffic.50