Brookfield Property Group claims the FDIC ran a "secret" sales process for the loans of Signature Bank, according to a Financial Times report.
"'[We] have heard from numerous sources, including from your adviser (Newmark) and from media reports, that a winning bidder has been selected and that this bidder's price is lower than ours,' Brookfield said in a letter addressed on December 7 to the FDIC seen by the Financial Times.
Lower pricing could have an impact on how non-related properties are valued, more broadly affecting commercial real estate going forward.
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