Wednesday, August 15, 2018

51 Monroe St. part of Brookfield securitization move

Brookfield Property Partners has been criticized for carrying too much debt by some investment experts. The company also has office properties in moribund office markets like Montgomery County, also considered risky. Now BPP is placing several D.C. area properties into a $223.4 million securitization scheme through Morgan Stanley.

51 Monroe St., the tallest building in Rockville, is one of the office properties. Also in the securitization deal are One Central Plaza and 6110 Executive Boulevard, both located in Bethesda.

Whether the move will ease critics fears of risk is unclear, however. Some argue that such deals themselves magnify risk, and obscure the equity the owner holds in the properties in question. Such securities were one of several factors that led to the "Great Recession" a decade ago.

2 comments:

  1. "The company also has office properties in moribund office markets like Montgomery County, also considered risky."

    Oh, just stop it already, you idiot.

    ReplyDelete
    Replies
    1. 9:30: You're the idiot. Washington Post, Washington Business Journal, Sage Policy Group and others have all declared MoCo's economy moribund. All economic indicators show it, as well.

      You're a lone tool.

      Delete