Australia’s largest pension fund is taking a hit on an eight-building U.S. office portfolio in which it has a 49% stake, including one building that is going back to the lender. 
“In the US office sector in particular, we are holding assets at far less than what we bought them for several years earlier,” AustralianSuper head of Mid Risk Portfolios Jason Peasley told Bloomberg in an email. 
AustralianSuper purchased the minority share in the portfolio from Brookfield Properties for $349M in 2015 as a way for the fund to enter the Washington, D.C., market.
The portfolio totals 2.2M SF and was 96% occupied at the time of the 2015 sale,…