Investing - Brookfield Asset Management
Investing - Brookfield Asset Management
Investing - Brookfield Asset Management
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Refinancing Progress<br />
• Significant refinancing progress was made in 2011 to extend term and reduce interest rates<br />
Prior Loans<br />
New Loans<br />
Number of loans 1 19 19<br />
Loan Amount at Share 2 $2.5b $3.1b<br />
Proceeds at Share n/a $0.6b<br />
$1.2b Life Company<br />
$1.9b CMBS<br />
Interest Rate 5.81% 5.10%<br />
Remaining Term 2.5 Years 9.9 Years<br />
1 Assumes ~$1.0 billion of loans currently rate locked and anticipated to close in 2011<br />
2<br />
$3.9 billion of New Loans, at 100%. $1.7 billion Life Company, $2.2 billion CMBS<br />
• Manageable 2012 maturities provide GPP with flexibility given the current capital markets<br />
dislocation<br />
– 2012 secured debt maturities = $2.4 billion ($1.6 billion at share)<br />
– Already in preliminary discussions on over $650 million of 2012 maturities<br />
93<br />
| <strong>Brookfield</strong> <strong>Asset</strong> <strong>Management</strong> Inc.
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