InvestorsHub Logo
Followers 38
Posts 12925
Boards Moderated 0
Alias Born 07/09/2002

Re: None

Saturday, 05/20/2023 3:59:31 AM

Saturday, May 20, 2023 3:59:31 AM

Post# of 109370
A year ago, Brookfield Property Partner’s downtown Los Angeles office portfolio encompassed 8 million square feet, including four of the city’s highest-profile trophy towers. It was not a stretch to say that the Canadian REIT dominated the downtown Los Angeles skyline.

What a difference a year makes: Brookfield has now defaulted or missed payments on collateralized mortgage backed security loans encompassing more than $1 Billion that are backed by three of its largest downtown Los Angeles office trophies.

https://www.globest.com/2023/05/18/brookfields-downtown-l-a-trophy-towers-falling-like-dominoes/?slreturn=20230420035147

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.