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/Brookfield And Forest City Announce Acquisition Agreement

Brookfield And Forest City Announce Acquisition Agreement

Forest City Realty Trust, Inc. is a NYSE-listed national real estate company with consolidated assets of $8.0 billion. Forest City primarily engages in the ownership, development, management and acquisition of commercial, residential and mixed-use properties in major urban markets in the United States. For more information, see www.forestcity.net. In March, Forest City reported that 18 interested buyers had entered into confidentiality agreements. A large financial investor, who identified people familiar with the process like Brookfield, made a non-binding proposal of 26 $US per share for the company. The Board of Directors ultimately decided not to proceed with this transaction, revised to US$25 per share as of March 13, with conditional conditions. While Brookfield is now considered New York`s largest real estate owner, its inventories still make up only a fraction of the city`s total commercial real estate. .

2021-09-13T02:49:46+00:00September 13th, 2021|Categories: Uncategorized|0 Comments

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