Brookfield affiliate closes acquisition of Rouse Properties
An affiliate of Canada's Brookfield Asset Management has closed its buy of Rouse Properties Inc (NYSE: RSE), a real estate investment trust (REIT) that owns and manages regional malls and retail centres in the United States. The deal, announced earlier this year, valued the company at US$1.06 billion. As a result, New York-based Rouse will see its common stock delisted from the New York Stock Exchange. As reported by Reuters in February, Brookfield was Rouse's largest shareholder prior to the acquisition.
6 July 2016•2 mins read
