Icon Realty Capital will take charge of restructuring Brookland Capital’s troubled property portfolio. Brookland has hired the firm to take charge of about 15 properties that are in different stages of development, according to Commercial Observer. TerraCRG is marketing several Brookland properties as well, and SME Capital Ventures is in contract to purchase 691 Marcy Avenue for about $22 million. Brookland has been in financial trouble dating back to at least November, when CEO Boaz […]
source https://therealdeal.com/2019/02/25/icon-realty-capital-will-restructure-a-troubled-portfolio-of-brookland-properties/
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