Brookfield BSREP III

Brookfield BSREP III x BNP Paribas Wealth Management

Learn more about Brookfield BSREP III’s strategy by watching a webinar featuring our Private Real Estate expert and a Senior Vice-President of Brookfield BSREP III.

 

 

 

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Brookfield BSREP III
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In a nutshell


Weather Forecast

1. New investment environment

 

  • Strong tailwinds for real estate subsectors such as “life sciences”, serviced housing and last mile logistics
  • Potential deals resulting from a mispricing in listed real estate markets and a recovery in the hospitality/leisure sector

2. Key figures (as at end of Q1 2021)

  • Fund nearly fully deployed with $13.3bn of committed equity in 32 high-quality assets in various sectors (e.g. logistics, multifamily, student housing, office and life sciences)
  • Robust pipeline identified in order to deploy remaining commitment
  • Strong liquidity position with no immediate debt maturity and conservative leverage (52% on average at the fund level with an average maturity term of 5.3 years)

3. Focus on Forest City

  • In Q1 2021, Forest City closed on the sale of the Life Sciences portfolio, a multifamily asset, "The Knolls" and an office asset, "Edgeworth" resulting in a ~$715 million distribution to BSREP III investors
  • The sale of the Life Sciences portfolio generated a 55% gross IRR from the date of the investment to the disposal date
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Contact your Relationship Manager  if you wish to receive information on other Private Investment opportunities.

 

This video is communicated by the Wealth Management métier of BNP Paribas SA, supervised and authorized as a bank by the European Central Bank (“ECB”), and in France by the French “Autorité de Contrôle Prudentiel et de Résolution” (“ACPR”) and regulated by the French “Autorité des Marchés Financiers” (“AMF”) (hereinafter “BNP Paribas”).

Brookfield Strategic Real Estate Partners III-C, L.P. is a Delaware Limited partnership (“BSREP III”). Its General Partner is Brookfield Strategic Real Estate Partners III GP L.P, a Delaware limited partnership. It is managed by Brookfield Asset Management Private institutional Capital Adviser US, LLC. The General Partner is a controlled subsidiary of Brookfield Asset Management LLC.

PrivAccess VII Real Estate Global Opportunistic 3 is a compartment of PrivAccess VII SICAV RAIF-SCA (hereinafter “PrivAccess VII REGO 3“) a Luxembourg investment company with variable capital, structured under the form of a Multi-Compartment Reserved Alternative Investment Fund, registered as a corporate partnership limited by shares, registered with the CSSF. It is managed by its general partner: PrivAccess General Partner Sarl and Global General Partner SA which is an Alternative Investment Fund Manager authorised by the Luxembourg CSSF, and appointed to manage PrivAccess VII REGO 3.

This video is confidential and intended solely for the use of the persons to whom it has been delivered and must not be distributed, published or reproduced in whole or in part nor may it be quoted or referred to in any document/video without the prior consent of BNP Paribas.

This video is provided solely for the purpose of providing general information and shall not constitute an offer a solicitation or investment advice nor may it form the basis of or be relied upon in connection with any subscription or commitment. In addition, this video and its contents may under no circumstances be construed as an advertisement, inducement or recommendation of any kind or form whatsoever.

Although, the information provided herein may have been obtained from BSREP III, sources considered to be reliable and while all reasonable care has been taken in the preparation of this video, BNP Paribas does not make any representation or warranty, express or implied as to its accuracy or completeness and does not accept responsibility for any inaccuracy, error or omission nor any liability for the use of or reliance on this video or any part of the information contained herein.

Past performance is not a reliable indicator of future performance. BNP Paribas does not give any warranty, guarantee or representation as to the expected or projected success, profitability, return, performance, result, effect, consequence or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of any security.

By accepting this video, you agree to be bound by the foregoing limitations.

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