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Business • 2026-11-03, 12:32 ET • ~1 min read

Brookfield walks away from $600 million Beaudry tower in downtown Los Angeles

Brookfield walks away from $600 million Beaudry tower in downtown Los Angeles

Brookfield walks away from $600 million Beaudry tower in downtown Los Angeles

Key points

اہم نکات

मुख्य बातें

  • Brookfield has walked away from the Beaudry, a 695-foot luxury apartment tower in downtown Los Angeles that cost about $600 million and opened less than four years ago.
  • The tower has 785 homes, is about 95 percent occupied and asks around $4,200 a month in rent, yet the firm decided not to refinance its roughly $360 million loan, saying high borrowing costs had wiped out its equity.
  • The exit underlines how hard downtown Los Angeles has found recovery since the pandemic, with the lender now working to sell the loan.
  • Brookfield has walked away from the Beaudry, a 695-foot luxury apartment tower in downtown Los Angeles that cost about $600 million and opened less than four years ago.
  • The tower has 785 homes, is about 95 percent occupied and asks around $4,200 a month in rent, yet the firm decided not to refinance its roughly $360 million loan, saying high borrowing costs had wiped out its equity.
  • The exit underlines how hard downtown Los Angeles has found recovery since the pandemic, with the lender now working to sell the loan.
  • Brookfield has walked away from the Beaudry, a 695-foot luxury apartment tower in downtown Los Angeles that cost about $600 million and opened less than four years ago.
  • The tower has 785 homes, is about 95 percent occupied and asks around $4,200 a month in rent, yet the firm decided not to refinance its roughly $360 million loan, saying high borrowing costs had wiped out its equity.
  • The exit underlines how hard downtown Los Angeles has found recovery since the pandemic, with the lender now working to sell the loan.

Brookfield has walked away from the Beaudry, a 695-foot luxury apartment tower in downtown Los Angeles that cost about $600 million and opened less than four years ago. The tower has 785 homes, is about 95 percent occupied and asks around $4,200 a month in rent, yet the firm decided not to refinance its roughly $360 million loan, saying high borrowing costs had wiped out its equity. The exit underlines how hard downtown Los Angeles has found recovery since the pandemic, with the lender now working to sell the loan.

Brookfield has walked away from the Beaudry, a 695-foot luxury apartment tower in downtown Los Angeles that cost about $600 million and opened less than four years ago. The tower has 785 homes, is about 95 percent occupied and asks around $4,200 a month in rent, yet the firm decided not to refinance its roughly $360 million loan, saying high borrowing costs had wiped out its equity. The exit underlines how hard downtown Los Angeles has found recovery since the pandemic, with the lender now working to sell the loan.

Brookfield has walked away from the Beaudry, a 695-foot luxury apartment tower in downtown Los Angeles that cost about $600 million and opened less than four years ago. The tower has 785 homes, is about 95 percent occupied and asks around $4,200 a month in rent, yet the firm decided not to refinance its roughly $360 million loan, saying high borrowing costs had wiped out its equity. The exit underlines how hard downtown Los Angeles has found recovery since the pandemic, with the lender now working to sell the loan.

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