Having too narrow of a focus can be risky in real estate, according to Richard (Ric) Clark, CEO of Brookfield Property Partners, the real estate investment arm of Brookfield Asset Management. Clark brings up a hypothetical office building owner with a portfolio concentrated in the Washington, D.C. region. If the D.C. market was about to experience a drop in demand for office space, such a firm would have limited recourse, short of selling off assets. But if the same firm held stakes in a ...
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