Brookfield to buy Forest City Realty Trust in $11.4 bln deal: Reuters
Canada's Brookfield Asset Management said it would buy Forest City Realty Trust Inc in a deal valued at US$11.4 billion, including debt, months after Forest City ceded board control to activist shareholders, Reuters reported. Forest City had been looking to sell itself and had reached out to more than 50 potential buyers, but failed to strike a deal. In March, it abandoned the sale process. Forest City’s portfolio includes office space, life science assets, retail space and multifamily units, as well as large-scale projects in New York, San Francisco and Washington, D.C.
31 July 2018•1 min read
