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CMA
June 15, 2018  

How Brookfield Plans to Recap 666 Fifth Ave.

Brookfield Asset Management’s roadmap for rescuing the Kushner family’s heavily overleveraged Midtown Manhattan office tower is starting to emerge.The investment manager, which has been in talks to buy a roughly 50% interest in the 1.4 million-square-foot property, plans to pump in as much as $700 million of equity and line up a $1 billion floating-rate debt package. That capital would be used to retire the $1.4 billion of outstanding...


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