Brookfield Property Partners L.P. BPY, +1.31% said late Monday that it had inked a deal to acquire GGP Inc. GGP, +0.28% for $9.25 billion in cash, as well as 254 million shares. Brookfield stock is down less than 1% in late trading, while GGP shares rose 3.3%. GGP shareholders can elect to receive $23.50 per share in cash, a share of Brookfield, or a share of a new U.S. real estate investment trust. Brookfield stock has fallen 13% this year, as the S&P 500 index SPX, +2.72% has fallen less than 1%.