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  /  All News   /  ‘The Risks Have Changed’: Why Brookfield Is Selling Its D.C.-Area Office Properties

‘The Risks Have Changed’: Why Brookfield Is Selling Its D.C.-Area Office Properties

Brookfield paid $150M for a Bethesda office tower in 2011. 
Last month, it sold for $20M.
That sale is one of the latest steps the Canadian investment giant has taken to reduce a footprint it spent two decades building in the nation’s capital.
Since the pandemic, Brookfield has shed more than 2M SF of D.C. office space, from 32 properties in 2019 down to 20 today, according to a source familiar with the company’s portfolio. It lost five Montgomery County buildings to foreclosure last fall and cut its local workforce from roughly 100 employees to 30 over the past three years. The biggest change…​  

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