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dummyrun
Guest
The Somerset part isn’t 100% accurate. They only sold the land, but according to the news articles are still involved in the projects somehow (my guess is they are minority partners somehow). I’ll just throw this out there, but one possible reason to sell would be to cover their part of the HFY nut (though I think the more likely reason is the banks are more likely to give Brookfield the loans).
I mean YIMBY's trash either way but I'm curious about this Somerset detail. The articles I've seen don't seem to point the way you're suggesting but I'm probably missing something.
https://nypost.com/2018/04/03/brookfield-buys-bronx-residential-project-for-165m/
https://therealdeal.com/2018/04/04/...nder-to-the-owner-of-a-massive-bronx-project/