March 2, 2017
Brookfield Premier Real Estate Partners, a core-plus real estate fund managed by Brookfield Asset Management, is getting ready to close on a 7.6-million-square-foot portfolio of industrial properties across the United States. The fund will pay more than $600 million to T.A. Realty Associates for the properties, which are in California, Dallas, Miami, New Jersey, Chicago and Atlanta. The transaction will be BPREP’s first.
The fund was rolled out in 2016, and focuses on investments in U.S. gateway cities. Properties targeted include multifamily, retail, industrial and office. Brookfield held a $1 billion close on the fund during Q4 2016.
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