Brookfield Property Partners made a $15 billion bet on malls in 2018, expects "severe consequences" in coming weeks. The company's CEO says it has $6 billion in undrawn credit lines and cash.
2 replies (most recent on top)
They rolled the dice and came up snake eyes with investors' money
Nobody knows where deals will be priced and nobody knows just how long this issue is going to affect the world and how much it’ll affect the underlying collateral