Instant Insights / The Rising Level of Pain

Brookfield Defaults on DC Area Office Portfolio

The $161 million loan backed by more than a dozen buildings goes to special servicing.

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Canadian real estate giant Brookfield has defaulted on a $161.4M mortgage backed by more than a dozen office buildings, mainly in the DC market.

The loan was transferred to a special servicer who is working “with the borrower to execute a pre-negotiation agreement to determine the path forward,” according to a filing, Bloomberg reported.

Jack Rogers

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