Announced
Synopsis
Brookfield Asset Management agreed to invest in Fundamental Income Properties, a new net lease platform. Financial terms were not disclosed. "There continues to be more and more demand for efficient long-term real estate capital particularly in times like these where businesses are realizing the importance of being aligned with collaborative, well capitalized capital partners. Companies want their management teams focused on navigating challenges and creating value in their core operating business, not in the ownership of real estate. With the backing of Brookfield, one of the leading asset managers in the world, we look forward to helping companies unlock static capital tied up in their real estate so they can effectively deploy it to grow their underlying business or strengthen their balance sheet," Chris Burbach, Fundamental Income Properties CEO.
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