What happened Shares of Brookfield Property Partners (NASDAQ: BPY) jumped 17.7% in January, according to data provided by S&P Global Market Intelligence, after parent Brookfield Asset Management (NYSE: BAM) kicked off the new year by offering to buy the real estate master limited partnership for $16.50 per unit. So what Brookfield Property owns shopping malls and office buildings, two areas that were hit hard by the COVID-19 pandemic. The MLP resorted to partnering with shopping mall peer Simon Property Group (NYSE: SPG) to buy troubled retailers out of bankruptcy to keep their stores open and ensure its venues weren't pockmarked with vacancies. Image source: Getty Images. Brookfield Asset Management thinks the coronavirus outbreak led the market to undervalue the MLP. In December, it said the office space was worth $13.90 per share, while the malls were worth another $12.90 per share, making the full value of Brookfield Property some $26.80 per share, or nearly double what it is buying its offspring for. BPY data by YCharts. Now what Brookfield Property Partners is considering the offer being made, and it's likely to accept the proposal, as the deal will allow the MLP to continue its progress of shoring up its commercial office space and retail stock portfolio out of the public eye. 10 stocks we like better than Brookfield Property PartnersWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Brookfield Property Partners wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Brookfield Asset Management. The Motley Fool has a disclosure policy.Source