NEWS RELEASE
 
 

              BROOKFIELD NAMED TO WILSHIRE REAL ESTATE INDICES
 

NEW YORK, October 9, 2001 ? Brookfield Properties Corporation (BPO: NYSE, TSE) today announced
that it has been added to Wilshire Associates' Real Estate Securities Index, effective September 30, 2001.

Bruce Flatt, President and Chief Executive Officer of Brookfield Properties commented: "Our inclusion in this
significant real estate industry benchmark index affirms Brookfield's leadership position within the North American
real estate industry and contributes to raising our profile with dedicated real estate investors and other institutional
investors who benchmark the performance of real estate industry participants."

Wilshire Associates is a global investment advisory firm that offers customized, institutionally based solutions to its
clients. Wilshire's Real Estate Securities Index measures the performance of publicly traded real estate securities,
including Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs). Brookfield has
also been added to Wilshire's REOC index.
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Brookfield Properties Corporation, with over US$8 billion in assets, owns and manages a portfolio of premier North
American office properties, operates real estate service businesses and develops master planned communities. The
Brookfield portfolio includes 60 commercial properties totaling 46 million square feet. Brookfield is inter-listed on
the New York and Toronto Stock Exchanges under the symbol BPO. For more information, visit the Brookfield
Properties website at www.brookfieldproperties.com.
 

Contact Information

Katherine C. Vyse
Senior Vice President, Investor Relations and Communications                                              Summary
Brookfield Properties Corporation
Tel: (416) 369-8246
Fax: (416) 865-1288
Email: kvyse@brookfieldproperties.com