Brookfield Completes Acquisition of Forest City Realty Trust [Canadian Business Journal (Canada)]
FOREST CITY ENTERPRISES (FCE.A)
US:NYSE Investor Relations:
ir.forestcity.net
Company Research
Source: Canadian Business Journal
Brookfield Completes Acquisition of Forest City Realty Trust CBJ Newsmakers NEW YORK and CLEVELAND, Dec. 07, 2018 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA) and Forest City Realty Trust, Inc. (“Forest City”) (NYSE: FCEA) today announced the completion of the acquisition of Forest City by a Brookfield real estate investment fund. The transaction was approved at a special meeting of Forest City’s stockholders held on November 15, 2018. Forest City’s diversified real estate portfolio is comprised of a number of iconic assets across major gateway U.S. cities. The portfolio, which features many natural synergies with Brookfield’s existing real estate operating business, includes 6.3 million square feet of high-quality office space, 2.3 million square feet of premier life sciences assets, 2.2 million square feet of retail space and 18,500 multifamily units. In addition, the portfolio features
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