This is a diversified global real estate business. It owns, operates, and develops a large portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage, student housing, and manufactured housing assets. Its investment objective is to generate attractive long-term returns on equity of 12%-15% based on stable cash flows, asset appreciation, and annual distribution growth of 5%-8%.
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BPY.UN was first recommended here on October 28, 2018