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

We attempt to match the maturity of our office property debt with the average lease term of ourproperties. At December 31, 2011, the average term to maturity of our property debt was 5 years, compared toour average lease term of 7 years. The details of our property debt for our consolidated office properties atDecember 31, 2011 are as follows:(US$ Millions) Weighted Average Rate Debt BalanceUnsecured FacilitiesBOP revolving facility 2.4% $ 264BPO Canada revolving facility 3.3% 117Secured Property DebtFixed rate 6.0% 7,694Variable rate 6.2% 4,457$ 12,532Current $ 1,022Non-current 11,510$ 12,532As at December 31, 2011 we had $782 million of committed corporate credit facilities in BrookfieldOffice Properties consisting of a $660 million revolving credit facility from a syndicate of banks and bilateralagreements between Brookfield Canada Office Properties and a number of Canadian chartered banks for anaggregate revolving credit facility of C$125 million. The balance drawn on these facilities was $381 million(2010 – nil). As at December 31, 2011, we also had $30 million (2010 – $30 million) of indebtedness outstandingto Brookfield.Capital securities includes certain of Brookfield Office Properties’ Class AAA preferred shares issued byBrookfield Office Properties which are presented as liabilities on the basis that they may be settled, at the issuer’soption, in cash or the equivalent value of a variable number of Brookfield Office Properties’ common shares.These represent sources of low cost capital to our business. Brookfield Office Properties had the followingcapital securities outstanding as at the dates indicated:(Millions, except share information)SharesOutstandingCumulativeDividend Rate Dec. 31, 2011 (1) Dec. 31, 2010 (1)Class AAA Series F 8,000,000 6.00% $ 196 $ 200Class AAA Series G 4,400,000 5.25% 110 110Class AAA Series H 8,000,000 5.75% 196 200Class AAA Series I 6,130,022 5.20% 150 179Class AAA Series J 8,000,000 5.00% 196 200Class AAA Series K 6,000,000 5.20% 146 149Total $ 994 $ 1,038(1) Net of transaction costs of $1 million and $2 million at December 31, 2011 and December 31, 2010, respectively.86