Associated Estates' investors approve sale to Brookfield affiliate
Shareholders of U.S. real estate investment trust Associated Estates Realty Corp (NYSE, NASDAQ: AEC) have voted to approve the company's acquisition by an affiliate of Brookfield Asset Management. The previously-announced transaction is valued at about US$2.5 billion, including debt. Based in Richmond Heights, Ohio, Associated Estates has a portfolio of 56 apartment communities containing 15,004 units located in 10 states.
5 August 2015•4 mins read
