Shihao Feng
The property is the latest Los Angeles office building to experience severe headwinds.Â
Despite a small chance of default, the market is working through potential scenarios.Â
The financing is part of a larger $167.2m luxury hotel project.Â
The residential property is in Cherry Hill, New Jersey.Â
The firm detailed in a report its Q2 outlook and long-term view of the commercial real market’s return focus.
The firm sees value in serving the core demands of communities.
Investors are paying more attention to secular changes, including energy cost volatility and moves toward ESG.
Brookfield also defaulted on a pair of Los Angeles office properties in February.
The Los Angeles-based manager sees a window to buy non-performing loans as higher interest rates persist.
Participating preferred equity emerges as alternative lending structure amid choppy deal-making environment.
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