Brookfield Closes $3 Billion U.S. Commercial Real Estate Finance Fund
(Thomson Reuters ONE) -
BROOKFIELD, NEWS, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Brookfield Asset Management
Inc. ("Brookfield") (NYSE:BAM) (TSX:BAM.A) (EURONEXT:BAMA) announced today that
it held the final close on Brookfield Real Estate Finance Fund V ("BREF V" or
the "Fund") with aggregate equity commitments of approximately $3.0 billion.
BREF V is Brookfield's fifth commercial real estate finance fund targeting
mezzanine debt investments through the origination of financing for high-quality
properties predominately in major markets across the U.S.
Investors in the Fund are a diverse group of 64 institutional investors,
including public and private pension plans, sovereign wealth funds, financial
institutions, endowments, foundations, and family offices. Brookfield committed
$400 million to the Fund, aligning its interests with those of the other Fund
investors.
Andrea Balkan, Managing Partner at Brookfield Real Estate Financial Partners,
said, "We are grateful for the strong support we have received from our
investors. This fundraise demonstrates that demand for real estate finance
investing continues to grow. We are excited about the opportunities we are
seeing for making attractive, risk-adjusted investments."
To date, the Fund has made nine investments, representing aggregate mezzanine
lending commitments of approximately $422 million.
Brookfield Asset Management
Brookfield Asset Management Inc. is a leading global alternative asset manager
with over $265 billion in assets under management. The company has more than a
100-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 visit our website at
www.brookfield.com.
For more information, please contact:
Communications
Suzanne Fleming
Tel: (212) 417-2421
email: Suzanne.fleming(at)brookfield.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Brookfield Asset Management Inc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.11.2017 - 22:30 Uhr
Sprache: Deutsch
News-ID 568188
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contact information:
Town:
Toronto, ON
Kategorie:
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