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Brookfield Office Properties Inc T.BPO.P.A


Primary Symbol: T.BPO.PR.A Alternate Symbol(s):  T.BPO.PR.P | BKEEF | T.BPO.PR.R | T.BPO.PR.T | BKAAF | BRPPF | T.BPO.PR.W | BKOFF | T.BPO.PR.X | BRKFF | BRPYF | T.BPO.PR.Y | BROAF | T.BPO.PR.C | T.BPO.PR.E | T.BPO.PR.G | T.BPO.PR.I | T.BPS.PR.U | BROPF | BOPPF | T.BPO.PR.N

Brookfield Office Properties Inc. is a global office property company. The Company owns, manages, and develops premier assets in the resilient markets. The Company's signature properties define the skylines of dynamic cities around the globe, including New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, London, Berlin, Sydney and Perth. From Brookfield Places in New York City, Toronto and Perth to Bankers Hall in Calgary and Bank of America Plaza in Los Angeles, its distinguished portfolio attracts financial, energy, government and professional service organizations which have high credit ratings and maintain long-term leases.


TSX:BPO.PR.A - Post by User

Brookfield Office Properties Inc > Would WWIII void the "Non-Recourse" arrangement with Debt?
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Comment by Carenaon Dec 20, 2023 9:37am
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Post# 35793530

RE:Would WWIII void the "Non-Recourse" arrangement with Debt?

RE:Would WWIII void the "Non-Recourse" arrangement with Debt?Good morning Crazy,

BPY owns the asset and the bank finances the asset.  

BPY absorbs all risks of owning the asset and if they are unable to meet their obligations under any circumstance, they go into default.  

I think your question is more of an insurance question.  I would guess it is the same issue as Sept 11, 2001....there are provisions for "catastrophic events" and "natural disasters".  

Reading in the WSJ today that in 2023, it was the year for CRE companies to extend loans and buy time, and in 2024 these extensions expire and it will be "game time" for landlords.

An armageddon of a different sort.  Lets hope Brookfield is well prepared for these times and can perhaps even take advantage.

Have a great day,
Carena




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