Real Estate

Brookfield Property Partners Goes Private In $6.5B Deal

by therealdeal.com posted 5months ago 91 views
Brookfield Asset Management reached an agreement Thursday to take its Covid-dinged real estate arm private by acquiring all of Brookfield Property Partners’ outstanding shares in a deal worth $6.5 billion. The Toronto-based asset manager already owns over 60 percent of Brookfield Property Partners shares, but in order to take the company private it had to buy out the remaining shareholders. The move takes Brookfield’s real estate wing off the public markets and away from scrutiny of The post Brookfield taking scuffling real estate arm private appeared first on The Real Deal New York.