Canadian Pension Fund, EB-5 Investors Take Major Losses at 1 Willoughby Square
Updated
Updated · Crain's New York Business · Jul 17
Canadian Pension Fund, EB-5 Investors Take Major Losses at 1 Willoughby Square
1 articles · Updated · Crain's New York Business · Jul 17
Summary
1 Willoughby Square inflicted major losses on a large Canadian pension fund and on EB-5 investors tied to the Brooklyn office property.
The latest report identifies both institutional and immigrant-investor capital as having been hit, underscoring the scale of the write-down at the project.
The losses add to pressure on office-backed real estate investments, where high-profile projects can damage both pension portfolios and smaller investor stakes.