The Brookfield DTLA Fund Office Trust (DTLA-) presents an attractive investment opportunity based on the information provided. DTLA- is a subsidiary of Brookfield Property Partners and owns a portfolio of high-quality office properties in the booming market of Downtown Los Angeles. With values increasing, leasing rates competitive, and limited supply of new office space, the company is positioned for potential growth. Recent sales of marquee office properties indicate a positive market outlook, and DTLA-‘s stabilized portfolio, coupled with ongoing improvements and positive cash flow, further strengthens its investment prospects. The CIO of Brookfield expresses confidence that the company will begin paying accrued dividends on preferred stock within the next eight years, and a potential recapitalization could provide additional funds for dividend payments or even redemption of the preferred stock. Overall, the combination of substantial upside potential, a margin of safety, and a timeline moving closer to a transaction make DTLA- an appealing opportunity.
However, it is important to note that this analysis is based on the provided information and should be taken as a general assessment rather than personalized investment advice. Investors should conduct further research, consider their individual investment objectives and risk tolerance, and consult with a financial advisor before making any investment decisions.
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