Brookfield Targets $25bn Worth Of Property Sales On The Real Estate Rebound

Brookfield Asset Management is targeting some big numbers with its real estate strategy in the coming years.

The private equity giant will look to raise $25bn from real estate sales over the next five to seven years, Brookfield CEO Bruce Flatt said in his quarterly letter to shareholders.

As of the close of Q2, BAM reported $30bn of equity invested in real estate, through a combination of direct ownership and investment funds.

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About Brookfield Asset Management

Brookfield Asset Management is a leading global alternative asset manager with over $600bn of assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

Brookfield’s renewable power business is a leader in decarbonization strategies, as one of the world’s largest investors, owners, and operators of renewable power with approximately $60 billion in assets under management, installed capacity of 21,000 megawatts and a 27,000 megawatt pipeline.

Source: News Break

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