Brookfield Office Properties Inc T.BPO.P.A

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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.

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Brookfield Office Properties Inc > Would WWIII void the "Non-Recourse" arrangement with Debt?

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Comment by CrazyTraderon Dec 20, 2023 11:57am

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Post# 35793926

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

Hi Carena.

My understanding is that BPY risk is LIMITED (does not absorb ALL risk), it's limited by the "non-recourse" nature of each asset "adventure".

For example, my understanding is: If insurance for some reason does not cover the destruction of a building, BPY would basically default on debt for that building, but since debt is non-recourse, the risk/loss is on the Debt Lenders.

As I understanding.... Brookfield has from the begining prepared for "Armageddon" by structuring debt as "NON-RECOURSE".

So, my concern comes down to the "non-recourse" nature of the debt.... does it cover all situations?

All just my opinion/view/thinking/guessing

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