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NON-CONTROLLING INTERESTS
 6 Months Ended
Jun. 30, 2022
Non-Controlling Interest 1 [Abstract]  
NON-CONTROLLING INTERESTS NON-CONTROLLING INTERESTS
Non-controlling interests consisted of the following:
(US$ Millions)Jun. 30, 2022Dec. 31, 2021
Redeemable/Exchangeable Partnership Units and Special LP Units(1)
$15,852 $15,736 
FV LTIP Units(1)
50 55 
Interests of others in operating subsidiaries and properties:
Preferred shares held by Brookfield Asset Management1,015 1,015 
Preferred equity of subsidiaries2,757 2,750 
Non-controlling interests in subsidiaries and properties14,261 15,941 
Total interests of others in operating subsidiaries and properties18,033 19,706 
Total non-controlling interests$33,935 $35,497 
(1)Each unit within these classes of non-controlling interest has economic terms substantially equivalent to those of an LP Unit. As such, income attributed to each unit or share of non-controlling interest is equivalent to that allocated to an LP Unit. The proportion of interests held by holders of the Redeemable/Exchangeable Units changes as a result of issuances, repurchases and exchanges. Consequently, the partnership adjusted the relative carrying amounts of the interests held by limited partners and non-controlling interests based on their relative share of the equivalent LP Units. The difference between the adjusted value and the previous carrying amounts was attributed to current LP Units as ownership changes in the Consolidated Statements of Changes in Equity
Non-controlling interests of others in operating subsidiaries and properties consist of the following:

Proportion of economic interests held by non-controlling interests
(US$ Millions)Jurisdiction of formationJun. 30, 2022Dec. 31, 2021Jun. 30, 2022Dec. 31, 2021
BPO(1)
Canada— %— %$4,423 $5,020 
BPY Subsidiary Holding Entities(2)
Bermuda/Canada— %— %3,728 3,871 
BPR Retail Holdings LLC(3)
United States— %— %1,333 1,274 
BSREP II MH Holdings LLC(4)
United States74 %74 %1,311 932 
BSREP II PBSA Ltd.(4)
Bermuda75 %75 %1,200 1,190 
BSREP II Korea Office Holdings Pte. Ltd.(4)
South Korea78 %78 %891 936 
Center Parcs UK(4)
United Kingdom73 %73 %734 799 
Brookfield Fairfield Multifamily Value Add Fund III LP(4)
United States70 %70 %452 383 
BSREP II Retail Upper Pooling LLC(4)
United States50 %50 %432 383 
BSREP II LA Mart Mezz LLC (DE)(4)
United States74 %74 %399 352 
BSREP II Holdings Pte. Ltd.(4)
India68 %68 %364 355 
Hospitality Investors Trust Inc.(4)
United States74 %74 %350 376 
BSREP Citypoint Investments Ltd.(4)
United Kingdom69 %69 %311 342 
Brookfield India Real Estate Trust(4)
India82 %82 %236 280 
BSREP CARS Sub-Pooling LLC(4)(5)
United States— %74 %— 588 
BSREP II WS Hotel Holding LLC(4)(5)
United States— %74 %— 544 
OtherVarious
33% - 77%
33% - 77%
1,869 2,081 
Total $18,033 $19,706 
(1)Includes non-controlling interests in BPO subsidiaries which vary from 1% - 100%.
(2)Includes non-controlling interests in various corporate entities of the partnership
(3)Includes non-controlling interests in BPYU subsidiaries.
(4)Includes non-controlling interests representing interests held by other investors in Brookfield-sponsored real estate funds and holding entities through which the partnership participates in such funds. Also includes non-controlling interests in underlying operating entities owned by these funds.
(5)These subsidiaries were sold in the first quarter of 2022.