Brookfield Asset Management is on the lookout for debt-riddled assets.

CEO Bruce Flatt said during a recent Goldman Sachs conference in New York that Brookfield wants to acquire properties affected by rising interest rates, Bloomberg reported.

“They’re not coming in one day, or there’s not going to be just an event,” he said, according to Bloomberg. “But they’re just going to be coming in the next 24 to 36 months, and hopefully we can capture some of those.”

Flatt told conference attendees that Brookfield will focus on properties grappling with high-interest-rate mortgages because the company has “too much money” to pursue assets needing major renovations or redevelopment, Bloomberg reported. He was suggesting that Brookfield would have too much capital left over if it focused on such major renovations and redevelopments.

Flatt’s comments were consistent with those he made earlier in 2023. In August, he said Brookfield was eyeing large investments as high interest rates, inflation, large debt and tightened lender requirements for investor exits globally.