In the article published in May, “IFC Sale Back in the Spotlight”, SPI shared how Brookfield Asset Management was considering putting the asset back on the market for sale after hearing from sales advisory firms. Mirae Asset Management was selected as preferred bidder to purchase IFC, but the interest rate hikes created a situation where the transaction could not be completed. This sent the asset into the seller’s void. Brookfield subsequently sought the opinions of those in the market, deciding to sell the asset in pieces and list a REIT, among other options, to recover their investment. From Brookfield’s perspective, investor relations and the global commercial real estate […]