Brookfield's $4.9-billion bet on the bottom

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Published at: www.theglobeandmail.com

Brookfield's Sure Bet

August 19, 2009

Analysis by: GLG Expert Contributor

Brookfield's bet on the bottom of the market is an excellent strategy to tie up distressed lots before the housing market starts it's upward trend. The real question is where lot prices are going to go when the existing market is bought, and with no new lots in the pipeline, how high can prices go?

Brookfield Reads the Market Well

August 18, 2009

Analysis by: GLG Expert Contributor

The Boston office market is driven by the health of the mutual funds industry who directly and indirectly occupy over 37% of the Class A market. Brookfield is a direct beneficiary of the industry in both its premier properties at 53 and 75 State Street.Net inflows are up significantly into Boston. Net absorprtion will follow very quickly.

Brookfield, " Boom or Bust"

August 17, 2009

Analysis by: GLG Expert Contributor

With Brookfields stocks closing at $6.38, down from a onetime $131.00 and the continuing volatility of the real estate market, Brookfield may be trying to predict the future.Purged on the peak of an "A" framed roof, Brookfield has two directions in which to fall. A fall on one side will mean certain death and disaster to the already tarnished name. Yet a fall from the opposite side may be the tumble into the safety net that just happens to be lined with real soft multiple dollar bills.

Jack KernManaging DirectorKern Investment Research

Brookfield's $4.9 billion Investment Unlikely to Perform

August 14, 2009

Brookfield Properties is making a major bet on the status of the U.S. housing market and rushing headlong into buying what they characterize as distressed assets in a number of major American and worldwide markets. It's interesting that they've raised about $5 billion to invest, and this may signal the willingness on the part of investors to take chances. In this instance, I think Brookfield didn't really get the right research behind the decision and are going to fall flat.