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Mercedes-Benz of SD Among Dealerships Sold to Brookfield

WASHINGTON DC 03.16.2017

CAPITAL MARKETS AND REAL ESTATE FINANCE

Investing in 2017, Hot Markets, and the Ever-Changing Capital Stack

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Mercedes-Benz of SD Among Dealerships Sold to Brookfield

New York-based Brookfield Property Partners just picked up a massive portfolio--some 324--of auto dealerships across the country, including seven in Kearny Mesa, in a $4.28B transaction, the San Diego Business Journal reports. DRA Advisors sold the portfolio, which includes more than 215k SF, including Mercedes-Benz of San Diego. This is a new strategy for Brookfield, according to the SDBJ.