Brookfield Property Partners Discloses Pinstripes Holdings Stake

TL;DR

**Brookfield Property Partners just revealed a stake in Pinstripes Holdings.**

AI Summary

Brookfield Property Partners L.P. (a major real estate firm) filed an SC 13G on January 8, 2024, disclosing its ownership in Pinstripes Holdings, Inc. (a retail-eating and drinking place company). This filing indicates Brookfield's passive investment in Pinstripes' Common Stock, par value $0.01 per share, as of December 29, 2023. This matters to investors because it reveals a significant institutional investor's stake in Pinstripes, potentially signaling confidence in the company's future, or at least a strategic interest in its real estate footprint.

Why It Matters

This filing signals that a major real estate player, Brookfield, has taken a position in Pinstripes, which could be seen as a vote of confidence or a strategic move related to their broader real estate portfolio.

Risk Assessment

Risk Level: low — An SC 13G filing typically indicates a passive investment, posing minimal immediate risk to the company or its shareholders.

Analyst Insight

Investors should note Brookfield's interest as a potential long-term holder, but recognize this is a passive stake, not an activist one. Further research into Pinstripes' fundamentals and Brookfield's broader investment strategy would be prudent.

Key Players & Entities

• Brookfield Property Partners L.P. (company) — the filer and reporting person
• Pinstripes Holdings, Inc. (company) — the subject company in which shares are held
• December 29, 2023 (date) — the date of the event requiring the filing
• $0.01 (dollar_amount) — par value per share of Pinstripes Common Stock

Forward-Looking Statements

• Brookfield Property Partners will maintain a passive stake in Pinstripes Holdings for the foreseeable future. (Brookfield Property Partners L.P.) — high confidence, target: 2025-01-08

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• d50670dsc13g.htm (SC 13G) — 248KB
• d50670dex991.htm (EX-99.1) — 21KB
• 0001193125-24-004422.txt ( ) — 271KB

From the Filing

SC 13G 1 d50670dsc13g.htm SC 13G SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Pinstripes Holdings, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 06690B107 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 06690B107 Page 2 of 23 1 Names of reporting persons BPR Cumulus LLC 2 Check the appropriate box if a member of a group (see instructions): (a) (b) Joint Filing 3 SEC use only: 4 Citizenship or place of organization: Delaware Number of shares beneficially owned by each reporting person with 5 Sole voting power: 0 6 Shared voting power: 2,759,932 (1) 7 Sole dispositive power: 0 8 Shared dispositive power: 2,759,932 (1) 9 Aggregate amount beneficially owned by each reporting person: 2,759,932 (1) 10 Check if the aggregate amount in Row (9) excludes certain shares (see instructions): 11 Percent of class represented by amount in Row 9: 6.9% (2) 12 Type of reporting person (see instructions): OO (1) In its capacity as the direct owner of 2,759,932 shares of common stock, par value $0.01 per share (Common Stock) of the Issuer. (2) All calculations of percentage ownership herein are based on a total of 39,918,036 shares of the Issuers Common Stock outstanding, as disclosed in the Issuers Form 8-K filed with the SEC on January 5, 2024. CUSIP No. 06690B107 Page 3 of 23 1 Names of reporting persons BPR OP, LP 2 Check the appropriate box if a member of a group (see instructions): (a) (b) Joint Filing 3 SEC use only: 4 Citizenship or place of organization: Delaware Number of shares beneficially owned by each reporting person with 5 Sole voting power: 0 6 Shared voting power: 2,759,932 (1) 7 Sole dispositive power: 0 8 Shared dispositive power: 2,759,932 (1) 9 Aggregate amount beneficially owned by each reporting person: 2,759,932 (1) 10 Check if the aggregate amount in Row (9) excludes certain shares (see instructions): 11 Percent of class represented by amount in Row 9: 6.9% 12 Type of reporting person (see instructions): PN (1) Solely in its capacity as managing member of BPR Cumulus LLC. CUSIP No. 06690B107 Page 4 of 23 1 Names of reporting persons BPR Real Estate Holding II LLC 2 Check the appropriate box if a member of a group (see instructions): (a) (b) Joint Filing 3 SEC use only: 4 Citizenship or place of organization: Delaware Number of shares beneficially owned by each reporting person with 5 Sole voting power: 0 6 Shared voting power: 2,759,932 (1) 7 Sole dispositive power: 0 8 Shared dispositive power: 2,759,932 (1) 9 Aggregate amount beneficially owned by each reporting person: 2,759,932 (1) 10 Check if the aggregate amount in Row (9) excludes certain shares (see instructions): 11 Percent of class represented by amount in Row 9: 6.9% 12 Type of reporting person (see instructions): OO (1) Solely in its capacity as general partner of BPR OP, LP. CUSIP No. 06690B107 Page 5 of 23 1 Names of reporting persons BPR Real Estate Holding I LLC 2 Check the appropriate box if a member of a group (see instructions): (a) (b) Joint Filing 3 SEC use only: 4 Citizenship or place of organization: Delaware Number of shares beneficially owned by each reporting person with 5 Sole voting power: 0 6 Shared voting power: 2,759,932 (1) 7 Sole dispositive power: 0 8 Shared dispositive power: 2,759,932 (1) 9 Aggregate amount beneficially owned by each reporting person: 2,759,932 (1) 10 Check if the aggregate amount in Row (9) excludes certain shares (see instructions): 11 Percent of class represented by amount in Row 9: 6.9% 12 Type of reporting person (see instructions): OO (1) Solely in its capacity as shareholder of BPR Real Estate Holding II LLC. CUSIP No. 06690B107 Page 6 of 23 1 Names of reporting persons Brookfield Properties Retail Holding LLC 2 Check the appropriate box if a member of a group (see instructions): (a) (b) Joint Filing 3 SEC use

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View this SC 13G filing on SEC EDGAR