Brookfield Snaps Up JPMorgan’s U.S. Mall Stakes in Multi-Billion Deal

Brookfield Snaps Up JPMorgan’s U.S. Mall Stakes in Multi-Billion Deal. Buys out JPM and NY Teachers Pension fund out of 4 malls and seeks 1 mall. Valuation including debt was $3.2B.

Brookfield acquired JPMorgan’s stakes in the Perimeter Mall in Atlanta, Park Meadows in Denver, Towson Town Center in Maryland and the Shops at Merrick Park in Coral Gables, Florida. NYSTRS was an investor in the shopping centers in Colorado and Maryland.

Brookfield Snaps Up JPMorgan’s U.S. Mall Stakes