Los Angeles Multifamily Debt Pressures Put Luxury Tower at Risk
Brookfield is walking away from The Beaudry, a 785-unit luxury apartment tower in downtown Los Angeles, rather than refinancing its approximately $360 million loan. Despite reported occupancy of about 95%, higher borrowing costs and rental concessions have complicated the property’s financial outlook, highlighting the pressures facing heavily financed multifamily developments. Key Takeaways Brookfield plans to
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