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Access here alternative investment news about Brookfield Asset Management Real Estate | Fairfield Residential
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Brookfield Asset Management Real Estate | Fairfield Residential

by therealdeal.com posted 2months ago 15 views
CalSTRS reportedly plans to buy the apartment company Fairfield Residential from Brookfield Asset Management. CalSTRS, the California state teacher pension fund, will be acquiring a company that manages 43,000 apartments nationwide, including luxury and affordable housing, the publication Pensions & Investments reported. The price was not disclosed. Toronto-based Brookfield bought San Diego-based Fairfield out of bankruptcy in 2010 for about $19 million, according to Reuters. Brookfield and Fairfield closed a $1 billion fund in September ... [more]

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