Brookfield Asset Management to Spin Off $70B CRE Company

Brookfield Asset Management Inc., already one of the world’s largest holders of commercial real estate assets under management, is making a major play to capitalize on recovering property markets and become an even bigger global player.

The Toronto-based firm, which already manages worldwide property, infrastructure and financial assets valued at more than $ 150 billion, said it will spin-off several of its CRE units into Brookfield Property Partners…
National Commercial Real Estate News From CoStar Group