NEW YORK, July 24, 2014 - Brookfield Office Properties, the office division of Brookfield Property Partners (NYSE: BPY; TSX: BPY.UN), today announced that Paul L. Schulman has been named President and Chief Operating Officer of U.S. Commercial Operations, responsible for the day-to-day operations of the company's 57-million-square-foot U.S. office business. Mr. Schulman will oversee functions including asset management, leasing, and operations of Brookfield's 63-property U.S. portfolio located throughout New York City, Los Angeles, Washington, DC, Houston, Denver, Boston, Seattle and San Francisco.

"Paul has been an integral member of the U.S. senior executive team for many years, instrumental in the impressive growth and successful performance of our office platform in the U.S.," said Dennis Friedrich, chief executive officer of Brookfield Office Properties. "The business will continue to flourish and grow under his increased leadership and strategic vision."

Mr. Schulman has been with Brookfield and its subsidiaries for 16 years and has over 20 years of experience in the commercial real estate industry. Prior to being named Chief Operating Officer of Brookfield U.S. office business in 2008, he was Senior Vice President and Regional Head of Brookfield's Washington, DC region. Prior to joining Brookfield, Mr. Schulman was an Asset Manager at the JBG Companies in Washington, DC.

Mr. Schulman holds a bachelor's degree in Business Marketing from the University of Maryland and an MBA from The American University. He is a member of the Real Estate Board of New York, the Urban Land Institute and CoreNet Global. He was named by Commercial Property News as a 'Star to Watch' in 2006 and 'Executive of the Year' in 2014 by the University of Maryland Alumni Association.

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About Brookfield Office Properties
Brookfield Office Properties Inc. is a division of Brookfield Property Partners (NYSE: BPY; TSX: BPY.UN), a global commercial property company that owns, operates and invests in best-in-class office, retail, industrial, multifamily and hotel assets. Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom. Its portfolio is comprised of interests in 113 properties totaling 88 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth, making Brookfield the global leader in the ownership and management of office assets. Landmark properties include Brookfield Places in Manhattan, Toronto and Perth, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary and Darling Park in Sydney. For more information, visit www.brookfieldofficeproperties.com.

Contact:
Melissa Coley, VP, Communications
(212) 417-7215; melissa.coley@brookfield.com

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