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Deutsche Bank Completes Sale of $ Billion CRE Loan Portfolio

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Deutsche Bank AG has completed the disposal of close to $1 billion in loans linked to US commercial real estate, reducing its exposure to an asset class that had weighed on the business.
Deutsche Bank AG has successfully completed the sale of a $1 billion commercial real estate (CRE) loan portfolio to an affiliate of Brookfield Asset Management Ltd., as reported by Bloomberg on November 27, 2024. This transaction is part of Deutsche Bank's broader strategy to reduce its exposure to the commercial real estate sector, which has been facing challenges due to economic uncertainties and shifts in market dynamics. The sale includes a variety of loans secured by office, retail, and industrial properties across the United States. This move not only helps Deutsche Bank in managing its risk but also provides Brookfield with an opportunity to expand its real estate holdings at a time when some investors see value in distressed or undervalued assets. The deal underscores the ongoing adjustments in the banking and investment sectors in response to the evolving commercial real estate landscape.

Read the Full Bloomberg L.P. Article at [ https://www.bloomberg.com/news/articles/2024-11-27/deutsche-bank-completes-sale-of-1-billion-cre-loan-portfolio ]