Brookfield Office Properties Inc T.BPO.P.A

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

Brookfield Office Properties Inc is a real estate investment firm. It acts as owner, operator, and developer of office and multifamily assets. The office property division defines the skylines of dynamic cities around the world, including gateway cities such as New York, London, Berlin, Toronto, and Sydney and the multifamily business owns, develops, renovates and manages approximately 40,000 high-quality rental apartment buildings in supply constrained markets of major cities such as New York and London, as well as high growth markets in the suburban U.S. In addition, it caters to tenants in financial services, government, and energy and resource sectors.

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

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Comment by Carenaon Dec 20, 2023 12:16pm

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Post# 35793969

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

Crazy,

I do not know all the salient terms of BPY's loan agreements, but I would agree that the non-recourse nature of their debt is by definition, preparing for armageddon. The course each default takes or what specific provisions are in each loan agreement is beyond me. But I would say, Brookfield (formerly Brascan) in the early 90's had debt issues which almost bankrupted them and my viewpoint would be that they protect themselves very well after their near death experience 30 years ago. As I have said, I would never short Bruce Flatt.

Have a great day,
Carena

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