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Brookfield Property Partners failed to pay off a quarter-billion dollar mortgage tied to the Pembroke Lakes Mall last month, and the debt has now been transferred to special servicing.

Roughly 535K SF of the 1M SF mall in Broward County serves as the collateral for a $260M, single-asset CMBS loan originated by Goldman Sachs in 2013. 

The CMBS loan tied to Brookfield’s stake in the Pembroke Pines mall was transferred to special servicing after defaulting on the mortgage following its maturity at the beginning of March, according to the Morningstar Credit database.