Brookfield sponsors residential CMBS in German region hit by flooding

Tom Brown

July 29, 2021 12:45 PM

Flooding_Alamy_575x375_29July21 — 2G7YHKT Hattingen, NRW, Germany. 16th July, 2021. The River Ruhr has flooded its embankment, fields and many gardens, basements and properties near the town of Hattingen in the Ruhr district in North-Rhine Westphalia. NRW has been hit by terrible floods, following heavy rain over the last few days. More than 80 people have died so far in the floods in Germany. Credit: Imageplotter/Alamy Live News | Alamy Stock Photo

Brookfield Asset Management has mandated Morgan Stanley for a German CMBS of assets in North Rhine-Westphalia, bringing a portfolio of residential multifamily properties, with limited exposure to the worst flooding in the country’s recent history.

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