Wednesday, 21 October 2020

Brookfield looks to sell life-sciences portfolio for $3B

Brookfield Asset Management is looking to sell its life-sciences real estate portfolio for roughly $3 billion. The investment giant is working with advisers to market the 2.3 million-square-foot portfolio, Bloomberg reported. Brookfield acquired the properties through its 2018 acquisition of Forest City Realty Trust. The offer comes as Blackstone Group last week agreed to recapitalize a portfolio of life-science buildings for $14.6 billion. The transaction will generate $6.5 billion in profits, four years after Blackstone



source https://therealdeal.com/2020/10/21/brookfield-looks-to-sell-life-sciences-portfolio-for-3b/

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