InvestorQ : Has IIFL initiated coverage on Brookfield REIT?
Mary Joseph made post

Has IIFL initiated coverage on Brookfield REIT?

Riya Dwivedi answered.
8 months ago

Managed by Brookfield Asset Management, the Brookfield India Real Estate Investment Trust (REIT) is the only institutionally managed, public, commercial real-estate vehicle in the country. The REIT owns an initial portfolio of four large campus-format office parks, located in key markets such as Mumbai, Gurugram, Noida, and Kolkata.

The initial portfolio has an 87% occupancy rate and 75% of gross rental contracts are with multinational companies. The investment trust has held on the current clients with rent collected standing at 99% in the nine months ending December 2020.