Brookfield's CEO Bruce Flatt has stated that the company's

 

Brookfield's CEO Bruce Flatt has stated that the company's properties are not at risk amid several mortgage defaults in Los Angeles and Washington.  Flatt made the statement in his investor letter. Flatt claimed that the company prides itself in being responsible with its borrowing and that the defaults in Los Angeles and Washington are isolated events that do not affect Brookfield's core business. He added that the company has had $12B worth of office financings since Mar. 2020 and has minimal debt maturing in 2023. Brookfield is one of the world's largest owners of prime office properties, with properties such as Manhattan West and London's Canary Wharf.  The company manages over 7,000 properties in total.