Real estate investment trusts Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust filed, on Friday, plans to sell up to $500 million and $300 million, respectively in initial public offerings.
Commercial real estate has been hit by the recession, which has caused an increase in vacancies and a decline in rents. A growing number of real estate companies has been seeking to capitalize on the distressed commercial property market.
The availability of real estate assets at distressed prices, combined with the rebound in the public equity markets, is fueling the formation of new real estate investment trusts or REITs being taken public to invest in attractively priced real estate assets. Existing REITs are taking advantage of strong investor appetite for real estate companies, and several mortgage REITs have gone public.
Both Brookfield Realty Capital and Marathon Real Estate Mortgage have not announced the terms for their initial public offerings, including the number of shares to be sold or the timing, although both said they had applied to list their shares on the New York Stock Exchange.
Brookfield plans to originate, invest in and actively manage a portfolio of commercial mortgage loans and may issue or purchase other commercial real estate-related debt, such as corporate loans, mezzanine loans, commercial mortgage-backed securities and debtor-in-possession financings. The REIT will be managed by Brookfield Realty Capital Advisors LLC, a unit of Brookfield Asset Management Inc. (BAM). Goldman Sachs will manage the offering.
Marathon plans to invest primarily in mortgage-backed securities, mortgage loans, and other real estate-related loans and securities, starting mostly with residential mortgage-backed securities and residential mortgage loans. Marathon will be externally managed by Marathon Asset Management LP.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.