UNITE HERE Releases Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees
So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.
- So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.
- The report, Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees , examines the dramatic changes in American National’s investment portfolio since the Brookfield takeover, including over $4.7 billion (book value) of investments in securities originated, structured, or collateralized by Brookfield’s non-insurance affiliates and joint ventures.
- Over $1.2 billion of those related-party securities are related to Brookfield’s real estate holdings.
- These investments include bonds issued by affiliates of Brookfield Office Properties and Commercial Mortgage-Backed Securities (CMBS) sponsored by Brookfield-owned office buildings and shopping malls.