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The property is the latest Los Angeles office building to experience severe headwinds.
The New York manager acquired the property at 444 South Flower at a UCC auction in January.
MetLife, PacLife and Bank ABC were also part of the syndicate for the SL Green-owned property.
Brookfield also defaulted on a pair of Los Angeles office properties in February.
CEO Mukang Cho says the firm will target structured debt investments in the office sector.
A look at Trinity Real Estate Investments and Credit Suisse Asset Management’s $835 million purchase of the Diplomat Beach Resort.
Market specialist Malcolm Davies at WAY Capital believes there is a need for more pragmatism and creativity around office conversion projects.
PIMCO-backed Columbia Property Trust defaulted on $1.7bn in February.
More debt investors are looking at financing office-to-residential conversions.
The firm is watching central bank activity across markets closely as well as recession indicators.