Wednesday, 18 April 2018

Brookfield partners with CalPERS and CBRE on GGP acquisition

Brookfield Property Partners brought on some big-name partners to help fund its acquisition of General Growth Properties. A CBRE subsidiary, the California Public Employee Retirement System and the TIAA affiliate TH Real Estate agreed to invest in certain GGP properties, the Globe and Mail reported. Brookfield announced in March that it agreed to buy the 66 percent it doesn’t already own of the mall-focused real estate investment trust for about $15 billion. At the time, […]



source https://therealdeal.com/2018/04/18/brookfield-partners-with-calpers-and-cbre-on-ggp-acquisition/

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