Q: Brookfield Office was taken in by Property Partners and now both have been taken private by Brookfield Asset Mgt.
You once wrote these shares are not the best choice as the office market was in difficult times....not unlike today as Covid Delta comes on.
If BAM has taken the real estate private, does the risk of default not get reduced? Making these prefs a reasonable buy below $25, Min Reset ( 5.10%) with a current yield above 5.10%?
How likely is it that Brookfield parent would let a Sub default on payments?
Dave
You once wrote these shares are not the best choice as the office market was in difficult times....not unlike today as Covid Delta comes on.
If BAM has taken the real estate private, does the risk of default not get reduced? Making these prefs a reasonable buy below $25, Min Reset ( 5.10%) with a current yield above 5.10%?
How likely is it that Brookfield parent would let a Sub default on payments?
Dave