![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, February 13, 2010 12:35:14 AM
February 11, 2010 5:26 PM
Brookfield Real Estate Opportunity Fund ("BREOF"), a group of funds sponsored by Brookfield Asset Management (TSX: BAM.A)(NYSE: BAM)(EURONEXT: BAMA), is pleased to announce to the acquisition of a 16-property, 2.9-million square foot portfolio from JPMorgan Chase. As part of the transaction, JPMorgan Chase is leasing back approximately 60% of the space in the portfolio on a long-term basis. The Bank was represented in the transaction by Houlihan Lokey and by J.P. Morgan Real Estate Advisors, Inc.
Including this transaction, BREOF has acquired over 100 properties, containing approximately 12 million square feet of space from JP Morgan Chase over the last 4 years. "We are excited about the opportunity to add significant value to the portfolio and are proud of our strong relationship with the Bank," said David Arthur, the Fund's President and Managing Partner.
The Portfolio includes four properties, located in Dallas, Tampa and Columbus that are 100% net-leased to JPMorgan Chase. The other properties are located throughout the country and include two meaningful value-add opportunities: an 800,000-square foot office tower in Houston, Texas and a 650,000-square foot office campus/data center site in Whippany, New Jersey.
The Brookfield Real Estate Opportunity Fund invests and manages two funds with $1.8 billion of assets composed of approximately 16 million square feet of commercial office, industrial and multi-family residential properties.
Brookfield Asset Management Inc. has over $90 billion of assets under management in the property, renewable power and infrastructure sectors. For more information, please visit the company's web site at www.brookfield.com.
Recent BAM News
- Scout Clean Energy Brings on Renewables Leader Kris Cheney as new Chief Development Officer • PR Newswire (US) • 08/21/2024 04:00:00 PM
- Partners Value Split Corp. Announces 2024 Semi-Annual Results • GlobeNewswire Inc. • 08/19/2024 09:30:00 PM
- Partners Value Investments Inc. Announces Q2 2024 Interim Results • GlobeNewswire Inc. • 08/19/2024 09:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/09/2024 08:57:37 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 11:19:06 AM
- Brookfield Asset Management Announces Strong Second Quarter • GlobeNewswire Inc. • 08/07/2024 11:10:00 AM
- Chorus Aviation annonce une entente visant la vente de son secteur de la location d'appareils régionaux • PR Newswire (Canada) • 07/30/2024 11:30:00 AM
- Chorus Aviation Announces Agreement to Sell its Regional Aircraft Leasing Segment • PR Newswire (Canada) • 07/30/2024 11:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/09/2024 11:30:07 AM
- Brookfield Asset Management Ltd. Sets Second Quarter 2024 Results Conference Call • GlobeNewswire Inc. • 07/09/2024 11:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/13/2024 11:00:07 AM
- Brookfield Opens Fundraising for Catalytic Transition Fund with Anchor Commitment from ALTÉRRA Targeted to Raise up to $5 billion to Scale Up Climate Finance in Emerging Markets • GlobeNewswire Inc. • 06/13/2024 11:00:00 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/12/2024 04:15:09 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/08/2024 01:44:26 AM
- Brookfield Asset Management Announces Results of Annual Meeting of Shareholders • GlobeNewswire Inc. • 06/07/2024 09:52:10 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/07/2024 09:12:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/31/2024 08:06:56 PM
- Brookfield enters into exclusive negotiations with Impala and other shareholders to acquire a majority stake in Neoen and launch a mandatory tender offer for 100% of the company • GlobeNewswire Inc. • 05/30/2024 10:55:00 AM
- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 • GlobeNewswire Inc. • 05/16/2024 06:22:30 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 10:45:07 AM
- Brookfield Asset Management Announces Strong First Quarter Results • GlobeNewswire Inc. • 05/08/2024 10:45:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 09:14:03 PM
- Scout Clean Energy Closes $100 Million Equipment Supply Loan • PR Newswire (US) • 05/06/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/06/2024 11:00:06 AM
- Brookfield Asset Management and Castlelake to Enter into Strategic Partnership • GlobeNewswire Inc. • 05/06/2024 11:00:00 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM
PickleJar Launches National "Get on the Bus" Campaign, Unveils Thompson Square Tour Bus Wrap • PKLE • Sep 4, 2024 7:17 AM
Maybacks Global and Inventel Products To Launch Global 24 Hour Shopping Channel • AHRO • Sep 3, 2024 9:15 AM
UC Asset announces plan of management stock buyback • UCASU • Sep 3, 2024 9:00 AM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM