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KBRA Credit Profile Releases Research – Brookfield Property Partners Walks Away From CMBS Malls Ahead of Acquisition
April 30, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 30, 2021
KBRA Credit Profile (KCP), a division of KBRA Analytics, releases a special report on mall loans sponsored by Brookfield Property Partners (BPY) and the pending acquisition of BPY by Canada-based Brookfield Asset Management (BAM). KCP examined its $725 billion coverage universe of over 1,100 CMBS transactions and identified 77 malls collateralizing 73 loans $14.65 billion by allocated loan amount (ALA) across 106 transactions with exposure to BPY sponsorship. Twenty ($2.16 billion) of the 73 loans were in special servicing as of the April 2021 remittance, including three ($174.6 million) wherein BPY has stipulated to friendly foreclosure: Florence Mall ($90 million), Bayshore Mall ($43.6 million) and Pierre Bossie
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Mass COVID-19 Vaccination Event in Bossier City Friday
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David Raines Community Health Centers is offering you the chance to get vaccinated for COVID-19 this Friday, March 12, 2021, at Pierre Bossier Mall in Bossier City.
The vaccination event will be a drive-thru format and will run from 9 am - 3 pm. Unlike some previous events in our area, pre-registration is required. You can pre-register by visiting the David Raines Community Health Centers website or by calling (318) 227-3354. The phone line is operational 24/7. Approximately 1,000 first-dose vaccine appointments are available, which means the vaccine being offered will be either from Moderna or Pfizer-BioNTech.