Real Estate

As values slide, Brookfield Asset Management plans to boost commercial real estate investment

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Pedestrians and office workers walk past the Bay St. entrance to Brookfield Place in Toronto’s Financial District, on July 12, 2022.Fred Lum/the Globe and Mail

Not since the Great Recession, Brookfield Asset Management Ltd. BAM-T says, have there been such attractive real estate investment opportunities.

Persistently high interest rates coupled with the rise of remote working means “the best real estate opportunities since 2009 are coming,” the Toronto-based investment company said Wednesday in a letter to shareholders published alongside its second-quarter results.

The company, which owns a one-quarter stake in the asset-management business that is 75 per cent owned by Brookfield Corp., is hoping to capitalize on plunging commercial real estate valuations. Other institutional investors are remaining on the sidelines and Wall Street banks are writing down billions of dollars in commercial real estate assets.

“Given the increase in interest rates, people were ill-prepared

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single family home

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Real EstateEstablished in 1911, Douglas Elliman Real Property is the largest brokerage in the New York Metropolitan area and the second largest impartial residential real estate brokerage within the United States by gross sales volume. Based on Martin Dell, MD of award profitable Spanish property portal : ?beforehand the Costa Tropical was overlooked by getaway hunters in Spain because of the fact it had been much less accessible ? however now all of that’s beginning to vary as well as the area is benefiting from important development in the numbers of visitors it is receiving. In the meantime, property costs have but to achieve anywhere near the national common and thus anybody looking for a retirement home, vacation home or funding property can benefit from property that is around 31% less expensive than the Spanish median.

For example few people realize that tax deductions are around for curiosity paid on mortgage, …

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