{"id":1004295872,"date":"2019-02-01T07:34:48","date_gmt":"2019-02-01T15:34:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004295872"},"modified":"2019-02-06T09:12:11","modified_gmt":"2019-02-06T17:12:11","slug":"brookfield-closes-15b-global-real-estate-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/","title":{"rendered":"Brookfield Asset Management Closes $15B Global Real Estate Fund"},"content":{"rendered":"
\"\"<\/a>

Brookfield Place in Manhattan<\/p><\/div>\n

Brookfield Asset Management, the Toronto-based alternative asset management giant, announced it has closed on its largest real estate fund to date. The firm raised $15 billion for its global private real estate fund, Brookfield Strategic Real Estate Partners III (BSREP III), far exceeding its initial target of $10 million.<\/p>\n

A group of more than 150 limited partners committed to the BSREP III fund, according to Brookfield, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, family offices and investors from Brookfield\u2019s newly launched private wealth channel.<\/p>\n

Brookfield and Brookfield Property Partners committed $3.7 billion in aggregate to BSREP III. The fund focuses on acquiring high-quality real estate assets on a value basis. So far, the fund has made 10 investments around the world totaling more than $5 billion.<\/p>\n

\u201cWe continue to utilize our core strengths\u2014global reach, access to large-scale capital and operational expertise\u2014that have served us well throughout our investment history,\u201d<\/em> said Brian Kingston, CEO of Brookfield Property Group, in prepared remarks. \u201cWe plan to remain patient in deploying capital but will be ready to invest when we see the right opportunities emerge.\u201d<\/em><\/p>\n

A BIG YEAR<\/strong><\/h2>\n

Brookfield and its affiliate companies have made big moves over the last year. In April 2018, Brookfield Property Partners acquired retail owner GGP Inc., for $15.2 billion<\/a>, while late last year, Brookfield Asset Management closed on its purchase of Forest City Realty Trust<\/a> for $11.4 billion.<\/p>\n

Brookfield Office Properties, a subsidiary of Brookfield Asset Management, is one of the top developers in the U.S. and has one of the biggest footprints in Manhattan<\/a>, with more than 23 million square feet of space and more than 2 million currently under construction.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is the Toronto-based company’s largest private vehicle to date, exceeding its original fundraising target of $10 billion.<\/p>\n","protected":false},"author":745,"featured_media":1004295878,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,21808,16,21783,21742,21747],"tags":[33496,35206,33091],"class_list":["post-1004295872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-featured","category-international","category-investment","category-latest","category-office","tag-brookfield-asset-management","tag-brookfield-office-properties","tag-brookfield-property-partners"],"acf":[],"yoast_head":"\nBrookfield Asset Management Closes $15B Global Real Estate Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookfield Asset Management Closes $15B Global Real Estate Fund\" \/>\n<meta property=\"og:description\" content=\"This is the Toronto-based company's largest private vehicle to date, exceeding its original fundraising target of $10 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-01T15:34:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-06T17:12:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/\",\"name\":\"Brookfield Asset Management Closes $15B Global Real Estate Fund - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg\",\"datePublished\":\"2019-02-01T15:34:48+00:00\",\"dateModified\":\"2019-02-06T17:12:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg\",\"width\":640,\"height\":480,\"caption\":\"Brookfield Place\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brookfield Asset Management Closes $15B Global Real Estate Fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brookfield Asset Management Closes $15B Global Real Estate Fund - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/","og_locale":"en_US","og_type":"article","og_title":"Brookfield Asset Management Closes $15B Global Real Estate Fund","og_description":"This is the Toronto-based company's largest private vehicle to date, exceeding its original fundraising target of $10 billion.","og_url":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-02-01T15:34:48+00:00","article_modified_time":"2019-02-06T17:12:11+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg","type":"image\/jpeg"}],"author":"Holly Dutton","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/","url":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/","name":"Brookfield Asset Management Closes $15B Global Real Estate Fund - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg","datePublished":"2019-02-01T15:34:48+00:00","dateModified":"2019-02-06T17:12:11+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg","width":640,"height":480,"caption":"Brookfield Place"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/brookfield-closes-15b-global-real-estate-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brookfield Asset Management Closes $15B Global Real Estate Fund"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/7028-e1549035135629.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004295872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004295872"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004295872\/revisions"}],"predecessor-version":[{"id":1004297120,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004295872\/revisions\/1004297120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004295878"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004295872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004295872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004295872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}