Corporate$BN2:32 AM ET

Brookfield exits from Los Angeles apartment tower

By BORSA NewsroomPublished Nov 4, 2026, 2:32 AM ESTUpdated Nov 4, 2026, 2:32 AM EST

Brookfield is walking away from the Beaudry, a $600M luxury tower in downtown LA, rather than refinance its $360M loan at today's high rates. The lender, Apollo-owned Bridge Investment Group, is selling the loan. The tower is 95% occupied but rents are below targets. The move underscores CRE distress as $1.8T in debt comes due and multifamily CMBS delinquencies surge.

Sentimentbearish 30

Bearish · 30 of 100

Impact50

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Confidence90%

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WHAT WE KNOW

Brookfield is walking away from the Beaudry apartment tower in downtown Los Angeles.