Brookfield Asset Management’s massive investment in malls looks riskier than ever. Since its nearly $15 billion acquisition of General Growth Properties in 2018, Brookfield Property Real Estate Investment Trust, a publicly-traded vehicle formed after the purchase, has seen its shares decline by 13 percent, the Wall Street Journal reported. The second-largest mall owner in the country, GGP’s portfolio includes 125 buildings — mostly malls. According to an analysis by Green Street Advisors, Brookfield’s assigned valuation
source https://therealdeal.com/2019/12/23/analysts-still-baffled-by-brookfields-big-bet-on-malls/
No comments:
Post a Comment