Brookfield top New York landlord after Forest City deal closes: Reuters
Canada’s Brookfield Asset Management will be the largest single commercial property owner in New York City after its US$11.4 billion buy of Forest City Realty Trust Inc closes in coming days, Reuters reported, citing a Brookfield official. Its New York assets will top 36 million square feet after the Forest City deal closes, surpassing Vornado Realty Trust, according to data from CoStar Group Inc and Brookfield. Brookfield, which historically has been known for office holdings, now has a sizable slice in the retail and apartment sectors, a growing presence in hotels, logistical and warehouse assets, student housing and manufacturing housing.
5 December 2018•2 mins read
