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S&P Mulls Downgrading Brookfield Property Partners To Junk Status, Citing Debt
Brookfield Property Partners defaulted on several loans this year as commercial values slumped.
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Brookfield Property Partners defaulted on several loans this year as commercial values slumped.
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Brookfield is putting the finishing touches on 1,379 units in Mott Haven, with 30% set aside as income-restricted.
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Brookfield has won a bidding war with DigitalBridge to buy the Dallas data center developer, reportedly valued at more the $5.5B.
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Brookfield's plan to lease up German apartments has been hit by rising construction and labour costs.
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Brookfield capitalizes on investor demand for manufactured housing by selling 19 of its communities.
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The firm also completed $4B in financing in its office portfolio in the first quarter.
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Brookfield said its building maintenance and operations staff will transition to CBRE.
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The Citypoint tower is 18% vacant and has £460M of debt secured against it.
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Brookfield has backed away from office and retail properties lately but seems ready to spend big on multifamily.
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Brookfield refinanced about 10% of the debt it has maturing in the next two years.
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