Brookfield Property Partners is considering a $700 million equity injection at 666 Fifth Avenue, where it already plans on acquiring a 49.5 percent ownership stake from Kushner Companies. It’s also looking to bring in a new $1 billion loan on the property, according to Commercial Mortgage Alert. The new capital would be used to update the aging office tower as well as pay off the building’s existing $1.4 billion in debt, which comes due in […]
source https://therealdeal.com/2018/06/15/brookfield-mulling-700m-equity-injection-into-666-fifth-avenue-report/
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