Brookfield Closes US$15 Billion Global Real Estate Fund
31 Janeiro 2019 - 11:00AM
Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM, TSX:
BAM.A, Euronext: BAMA) announced today the closing of its latest
flagship global private real estate fund, Brookfield Strategic Real
Estate Partners III (BSREP III). With total equity commitments of
US$15 billion, BSREP III is Brookfield’s largest private fund to
date.
Reflecting strong investor demand, BSREP III
significantly exceeded its original fundraising target of $10
billion. A diverse group of more than 150 limited partners
committed to the Fund, including public and private pension plans,
sovereign wealth funds, financial institutions, endowments and
foundations, family offices, and investors from Brookfield’s newly
launched private wealth channel. Brookfield and Brookfield Property
Partners L.P. (Nasdaq: BPY, TSX: BPY.UN) have committed US$3.75
billion in aggregate to BSREP III, aligning the
organization’s interests with those of the Fund’s
investors.
“We are grateful for the strong support that we
have received from our limited partners,” said Brian Kingston, CEO
of Brookfield Property Group. “We continue to utilize our core
strengths—global reach, access to large-scale capital and
operational expertise—that have served us well throughout our
investment history. We plan to remain patient in deploying capital
but will be ready to invest when we see the right opportunities
emerge.”
BSREP III focuses on acquiring high-quality real
estate assets on a value basis. To date, the Fund has made 10
investments around the world totaling more than US$5 billion.
Brookfield Asset
ManagementBrookfield Asset Management Inc. is a global
alternative asset manager with over US$330 billion in assets under
management. The company has more than a 115-year history of owning
and operating assets with a focus on real estate, renewable power,
infrastructure and private equity. Brookfield offers a range of
public and private investment products and services, and is
co-listed on the New York, Toronto and Euronext stock exchanges
under the symbol BAM, BAM.A and BAMA, respectively.
For more information, please contact:
CommunicationsSuzanne FlemingTel: (212)
417-2421email: suzanne.fleming@brookfield.com |
|
Investor
RelationsLinda Northwood Tel: (416) 359-8647 Email:
linda.northwood@brookfield.com |
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