Announced
Completed
Financials
Sources
Press Release
Brookfield -
Press release
Forest City -
Press Release
Brookfield -
Press release
Brookfield -
https://www.sec.gov/Archives/edgar/data/1647509/000119312518233455/d582102dex102.htm
Forest City -
Form 8-K
Forest City -
Press release
Forest City -
Agreement and plan of merger
Forest City -
Press release
Forest City -
Offer update
Forest City -
Offer update
Forest City -
Tags
shopping centres
residential real estate
commercial real estate
retail real estate
real estate investment trust
Retail REITs
United States
Public
Acquisition
Single Bidder
Friendly
Private Equity
Completed
Majority
Synopsis
Brookfield Asset Management completed the acquisition of Forest City Realty Trust, a real estate investment trust that invested in office buildings, shopping centers and apartments, for $11.4bn. The purchase price represents a premium of 26.6% over Forest City's closing share price of $20.03 on June 15, 2018. “Forest City has created a high-quality portfolio of operating and development assets over its 100-year history. We look forward to creating further value in these great assets on behalf of our limited partners.” Brian Kingston, Brookfield Property Group CEO.
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