possibilities
03 Master Developer Qualifications 14 Our Strategic Approach 18 Case Studies tablecontentsofpossibilities
Fifth + Broadway, Nashville, TN
MasterQualificationsDeveloper
We are a fully-integrated, global real estate services company that provides industry-leading portfolio management and development capabilities across the investment strategies of Brookfield Asset Management. PropertiesBrookfield$79B AUM (270 properties, 140M SF) $15B AUM (22,000+ units) 55M+ SF (40M+ SF under construction) $60B AUM (200+ assets, 155M SF) $4B AUM (2,200+ keys) $65B AUM (175 properties, 22M SF)MULTIFAMILYOFFICE DEVELOPMENT PIPELINE RETAIL LOGISTICSHOSPITALITY
Commercial Confidential Information Our Global Resources Provide us CapabilitiesUnique SOUTH AMERICA $50B AUM NORTH AMERICA $432B AUM EUROPE & MIDDLE EAST $135B AUM
Protecting the capital entrusted to us is at the forefront of how we think about risk – thus, we pursue a prudent and disciplined approach to investing and financing
With more than 100 offices in over 30 countries, our global network gives us access to proprietary deal flow
Ensuring alignment of interests with our investors is a priority for us: we are typically the largest investor in our funds
We started as owners and operators of long-life assets, and continue to use our operational expertise to enhance cash flows, increase the value of underlying assets and produce solid long-term
LARGE-SCALE CAPITAL strong balance sheet and ready access to significant capital enable us to pursue transactions of a size that sets us apart EXPERTISE
ASIA PACIFIC $103B AUM GLOBAL PRESENCE
ALIGNMENT OF INTERESTS
Our
OPERATIONAL
CONTRARIAN INVESTORS
returns
CAPITAL PRESERVATION
Well-established operations in more than 30 countries on five continents enable us to readily invest where attractive opportunities emerge.
Experience has shown us the best opportunities are often found in regions or sectors undergoing periods of financial or operational changes
Commercial Confidential Information A AdvantageKey As the managing agent for real estate investments of Brookfield Asset Management, Brookfield Properties provides value-add services across the real estate portfolio. Our services are a key ingredient behind Brookfield Assets Management’s Owner + Operator philosophy, driving value and return on investment from each property on behalf of our stakeholders. OUR DEVELOPMENT PLATFORM Development capabilities are core to our suite of integrated real estate services. Through Brookfield Properties Development, our competencies add to the operational excellence that gives us a competitive advantage. Today, we have more than 75 active projects in various stages of planning and construction globally. Brookfield Properties is organized to provide local teams access to global resources and portfolio expertise. • Office • Logistics • Mixed-Use • Retail • Hospitality • Multifamily Over 500 Million SF Of leasable space across more than 600 properties globally in all real estate sectors
We are one of the largest real estate services and development companies in the world Corporate Offices Regional DevelopmentOffices
Commercial Confidential Information Owner + ExpertiseOperator The Shops at Southpoint, Durham, NC Allen Center, Houston, TX PGA National Resort & Spa, Palm Beach Gardens, FL The Place at Fifth + Broadway, Nashville, TN Brookfield Place, Toronto, CAN
Our heritage as an Owner + Operator philosophy underscores how we think about creating value. With unmatched strength as a differentiator in the industry, Brookfield owns and operates across all mixed-use real estate sectors. This advantage creates a platform to deploy expertise required to create longterm value in mixed-use environments. 2,200KEYS 140,000,000SF FS155,000,000STNEVE0005,ANNUALLY HospitalityMixed-UseDistrictsOfficeMultifamilyRetailOther Sports ainmentEntert-+ STUDENTHOUSINGLIFESCIENCE,LOGISTICS, 22,000+UNITS
Sports DevelopmentAnchoredEntertainment-+
Toyota Music Factory, Irving, TX
Commercial Confidential Information
Brookfield’s ‘Owner + Operator’ philosophy for mixed-use districts embraces sports + entertinment-anchored development. The same collaborative approach required to maximize value for mixed-use component is brought to our Withpartnerships.pastand current experience in sports + entertainment-anchored developments, our team understands how to complement and capitalize on the real estate through integrated operations that unlocks value outside a venue and amplifies the experiences within. We look forward to working side by side with our partners to create a plan that celebrates entertainment as an anchor, amplifies special moments, and creates a transcending experience for year-round enjoyment.
HospitalityMixed-UseDistrictsOfficeMultifamilyRetailOther Sports Entertainment+ SPIRIT + BEAUTYSHAREABLETRADITIONMOMENTS+CULTUREOF PLACE MAXIMIZE REVENUE POTENTIAL UNLOCK ALTERNATIVE REVENUE FAN YEAR-ROUNDAFFINITY ENGAGEMENT HOSPITALITY + ACTIVATION INNOVATION TRENDS FACILITIES
Commercial Confidential Information Placemaking: The Brookfield Experience IT’S ABOUT THE EXPERIENCE, NOT JUST THE REAL ESTATE We create places that are experiential destinations for workers, residents, consumers and visitors. Placemaking is deeply ingrained in our development philosophy and the way we run our business every day. Our approach to Placemaking encompasses these critical aspects: • Premier assets in central locations • Alignment of goals and values with that of the community • Focus on innovation and operating expertise • Best practices in sustainability • Destination shopping and cuisine • Abundant tenant and public amenities • Seamless connectivity to public transportation • Enjoyable, appealing and multi-use, waterfront green spaces • World-class arts and events programming • Integrated lodging and living ARTS BROOKFIELD Our distinguished arts and events program brings public spaces to life through world-class cultural experiences and activations, including concerts, dance, visual art, community events, and more. We host 200+ events annually at each of our districts. We don't just landscape or hardscape. We people-scape: designing locations that will create a moment that someone wants to be in. - SABRINA KANNER, Executive VP, Design & Construction | BROOKFIELD PROPERTIES " "
Manhattan West, New York, NY FIGat7th DTLA Superblock, Los Angeles, CA Fashion Show, Las Vegas, NV Central Park, Playa Vista, CA Canary Wharf, London, UK Brookfield Place, New York, NY
Commercial Confidential Information Our DevelopmentFully-IntegratedApproach STRUCTURED TO DELIVER LONG-TERM VALUE Brookfield is organized to deploy expertise across locales, sectors, industries and business strategies. Our ‘Owner + Operator’ mentality informs how development interfaces with investment and operational considerations at every juncture during an assets life cycle to ensure special places are brought to life for the long-term. Our approach to balancing global resources with local leadership enables us to apply a diverse pool of expertise locally, designed to harness Brookfield's global capabilities across horizontal, mixed-use and sports-anchored development in a way that maximizes application locally for our partners. Planning01 Pre-Development02 REVIEW + APPROVALS PARTNERSHIP STRATEGY FEASIBILITY DESIGN ENTITLEMENT
DEVELOPMENT OPERATIONS INVESTMENTSBROOKFIELDAPPROACH ! Development03 Operations04 APPROVALS CONSTRUCTIONENTITLEMENT ACTIVATION STABILIZATION
Commercial Confidential Information Our Suite of Services We create innovative, sustainable and enjoyable workplaces, residential communities, retail destinations and public spaces that are flexible and adaptive. Our experienced multidisciplinary project teams creatively blend work, commerce and leisure with civic life. Through Brookfield Asset Management, we have access to the resources required to undertake projects of significant magnitude and complexity. Our global track record in infrastructure investing provides a unique knowledge and depth to our development capability. WE DRIVE VALUE AND RETURN ON INVESTMENT FROM EACH PROPERTY ON BEHALF OF OUR STAKEHOLDERS CONSTRUCTIONDEVELOPMENTLEASINGFINANCEMARKETINGPLACEMAKINGASSETMANAGEMENT
LEASING VISION DESIGN+BUSINESSCAPITAL+PLANNING ENVIRONMENTAL,SOCIAL,ANDGOVERNANCE(ESG) TECHNOLOGY + INNOVATION PROCUREMENT BROOKFIELDARTS ENGAGEMENTCOMMUNITY MARKETING ASSETPLACEMAKING++PROPERTYMANAGEMENT
Commercial Confidential Information We are invested in long-life, high-quality assets and business around the world Pioneers Long-Termof Impact Brookfield as the joint venture partner on 5th + Broadway ensured the project was completed, designed, built, and leased in a curated manner that made it flexible to market conditions and ultimately successful. Brookfield’s team and financial strength are like no other developer. - PAT EMERY, chairman, Hall Emery " "
RENEWABLE POWER + CREDITINFRASTRUCTURETRANSITIONREALESTATEPRIVATEEQUITY+INSURANCESOLUTIONS
Commercial Confidential Information
With a focus on sustainability, a commitment to excellence, and the drive for relentless innovation in the planning, development and management of buildings and their surroundings, Brookfield Properties is reimagining real estate from the ground up. Manhattan West, one of our flagship mixed-use projects in New York is powered by 100% renewable energy, one of the largest in-state renewable energy deals in the state of New We'reYork.proud of what we've already achieved but for us, this is just the beginning - because we believe building a better tomorrow begins with us, today.
Raising the Bar in RealSustainableEstate
or sooner accross our full global portfolio 85% 90% #1 United States retail portfolio GRESB ranking as Regional Sector Leader for retail companies in the Americas Average global GRESB score in 2021 Of our eligible global office footprint has achieved a designationsustainability Net Zero by 2050
Canary Wharf, London, UK
StrategicOurApproach
Commercial Confidential Information What Makes a Good Development Plan COLLABORATION WITH PUBLIC PARTNERS THE PARTNERSHIPALIGNEDPROJECTRIGHTTEAM
A successful project requires shared vision, alignment of interests, and a high level of expertise at every juncture of the asset’s life cycle.
This allows us to cultivate a vision and clearly communicate what the project is as well as create partnerships with organizations & businesses that may become key partners in the creation of place in the evolved site.
GATHERINGS • User Research/Focus Group Interviews • Community Meetings • Workshops • Open Houses • Events • Partnerships with Local Businesses STAKEHOLDERS • Stakeholders • Residents • Businesses • Potential Employers • City Agencies • Elected Officials • Community Organizations
I think they have a gold standard in community engagement. The speed at which they moved from entitlement to being in the ground is extraordinary.
- ELAINE FORBES, Executive Director, Port of San Francisco " " Brookfield will align with the community at the beginning of the visioning entitlement process through all phases of Development. Collaboration through workshops, share sessions, and more allows for a joint approach to Placemaking, and ultimately the conceptualization of an authentic place which will yield the most significant public benefits & amenities. These steps also allow for the most efficient process which yields the highest economic and community value.
A robust engagement process is critical to our visioning and planning efforts. It adds richness to the vision and streamlines the overall process. Through a series of gatherings with a broad set of stakeholders, we ensure that everyone is heard, and that their goals are incorporated.
Commercial Confidential Information We Collaboratorsare
Lilia Waikīkī, Waikīkī, HI The Yards, Washington D.C. Brookfield Place, New York, NY 5M, San Francisco, CA
Commercial Confidential Information 5th + Broadway, Nashville, TN
Successful places each have an authentic mission and purpose. These places also share a set of common ingredients which can be used as a framework for shaping new developments and places.
Case Studies
The following case studies have been selected based on their similarities to this development opportunity.
Commercial Confidential Information Nashville, TN Project Status: Active Fifth Broadway+ In the center of downtown Nashville, Fifth + Broadway is transforming the former site of the Nashville Convention Center into a vibrant, mixed-use mecca. The project includes a 35-story residential tower, Class-A office tower, Nashville’s first food hall, a rooftop concert venue, walkable shops and restaurants, along with the future site of the National Museum of African American NeighborMusic. to the historic Ryman Auditorium, Bridgestone Arena (the world’s number six venue for ticket sales) and two blocks from the iconic Country Music Hall of Fame®, Fifth + Broadway is rooted in the thriving artistic culture of Nashville, with a fresh interpretation all its own. 6.2 Acre Site 1.25M SF Mixed-Use Complex 372K SF Office 200K SF Retail + Dining + Entertainment 386 Residential Units 16K SF Rooftop Activation
Commercial Confidential Information DUBAI, UNITED ARAB EMIRATES Project Status: Active BrookfieldICD Place ICD Brookfield Place Dubai is a four-acre property located in the central district of the DIFC. With over 990,000 sq. ft. of highly functional, columnfree work space, complemented by 160,000 sq. ft. of retail space, the asset reflects our commitment to creating best-in-class properties. Amenities and services include: a full-service valet, Skin Laundry, Waitrose supermarket, Niche, The Guild, a private members club and pop-ups such as Encounter Café, Bliss Flower Boutique and Pret. 4 Acre Site 1.1M SF Mixed-Use Complex 990K SF Office 160K SF Retail 140K SF Green Space
Canary Wharf became the world’s first center to be awarded a ‘Plastic Free status just one year after the launch of their Breaking the Plastic Habit program.
underutilized
Canary Wharf is an internationally renowned business and leisure district in the heart of London. the past 30 years, Canary Wharf Group, a Brookfield affiliate, has transformed acres of docklands into a 16-million square foot hub of vibrant office, retail, event and open space with a workforce of roughly 120,000 people. district features 29 office buildings that are home to leading companies across a diverse range of industries, six shopping malls with total retail space of approximately one million square feet, a top-tier events venue and nearly 20 acres of landscaped open Inspace.2019
16M SF Office 1M SF Retail 4 Transportation Stations 160+ Events Per Year 20 Acres Public Realm, Open Space 5K+ Residential Units in Pipeline 8.3 M SF Mixed-use Development in Pipeline
The
commercial
Over
Canary Wharf Group continues to increase the size and diversity of the estate with 10 million square feet in the development pipeline.
Community’
Commercial Confidential Information London, United Kingdom Project Status: Active Canary Wharf
48 Acre Parcel of Land 2.3M Vertical SF 1.8M SF Office 3400 Units 500K SF Retail
Commercial Confidential Information Washington D.C. Project Status: Active The Yards
Incorporating
The Yards is a dynamic mixed-use community within walking distance of Capitol Hill and the Washington Nationals ballpark, set on the banks of the Anacostia River. Located in the rapidly developing Capitol Riverfront district between First St. SE and the Navy Yard, The Yards at full build will feature 3,400 places to live, 400,000 square feet of retail, dining and services, 1.8 million square feet of office space with an awardwinning waterfront park. The Yards is home to multiple residential communities, and Yards Park, which provides the green space centerpiece of the neighborhood. historic industrial buildings from former Navy Yard complex through adaptive reuse with modern amenities including its landmark pedestrian bridge.
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