Brookfield Property Partners sold a 28 percent stake in its Manhattan office and multifamily portfolio and plans to sell up to 7 percent more — bringing the total value of the deals to $1.8 billion. During its second quarter earnings call, Brookfield announced that it’d sold a 28 percent stake in its portfolio to a “Brookfield-sponsored core real estate venture.” Chief Executive Officer Brian Kingston said the company is bringing on institutional investors portfolio-wide, rather […]
source https://therealdeal.com/2018/08/01/brookfield-to-sell-up-to-35-stake-in-manhattan-portfolio-for-1-8b/
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