Brookfield hands 4.6M SF Houston Office Campus To Lender

4/30/2025

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Bisnow

• Subcategory: Capital Markets: Debt, Office: CBD

• Tag: Default | Foreclosure

• Additional Filters-Subcategory: Capital Markets: Mezzanine, Office: Highrise

• Additional Filters-Tags: Foreclosure: Deed-in-Lieu, Sale: Ownership Interest

• Company: Brookfield Asset Management, Stream Realty Partners LP

Brookfield Properties has handed over Houston's largest office complex to its mezzanine lender and a Houston-based value preservation team after seven years of ownership.

Stream Realty Partners announced Wednesday that it had completed an ownership transfer of the four-building, 4.6M SF Houston Center campus to a joint venture between itself and pension fund AustralianSuper.

AustralianSuper wrote Brookfield a $219M mezzanine loan for its purchase of Houston Center in December 2017, according to Private Debt Investor.