UNITE HERE: Brookfield Asset Management’s Offer to Buyout Brookfield Property Partners Is Less Than What Brookfield Has Said the Assets Are Worth

NEW YORK--(BUSINESS WIRE)--UNITE HERE, the hospitality union, has released a report questioning the price of Brookfield Asset Management’s [NYSE: BAM] offer to buy out public investors of Brookfield Property Partners’ [NASDAQ: BPY] at $16.50 per unit. The report analyzes pre- and post-pandemic statements by BPY and BAM consistently arguing that BPY is undervalued in the public markets and concludes that those statements point to a price between $19.50-$21.00 per unit.