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Top Property Owners Are Creditworthy—They Might Default Anyway

wsj

3 min read The Wall Street Journal 22 May 2023, 04:24 PM IST

Powerful investors such as Brookfield are starting to cut losing real estate bets to protect returns

Contractors frame walls on a house under construction at the Toll Brothers Regency at Folsom Ranch community in Folsom, California, US, on Thursday, May 18, 2023. US housing starts increased in April, adding to evidence that residential real estate is gradually recovering after a yearlong slump. Photographer: David Paul Morris/Bloomberg (Bloomberg) — Contractors frame walls on a house under construction at the Toll Brothers Regency at Folsom Ranch community in Folsom, California, US, on Thursday, May 18, 2023. US housing starts increased in April, adding to evidence that residential real estate is gradually recovering after a yearlong slump. Photographer: David Paul Morris/Bloomberg (Bloomberg)

Even if the property world gets a lot rockier, landlords with the deepest pockets should be able to service their debts. That doesn’t mean they will.

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