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Brookfield affiliate to acquire U.S.-based real estate trust for US$2.5 billion

2015-04-22 19:34:10| Real Estate - Topix.net

Brookfield Asset Management plans to acquire U.S.-based real estate investment trust Associated Estates Realty Corp. for US$2.5 billion. The deal will see Brookfield pay, through one of its real estate funds, $28.75 per share in cash for the Richmond Heights, Ohio,-based company.

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