CalSTRS CEO Jack Ehnes and Fairfield Residential apartments CalSTRS reportedly plans to buy the apartment company Fairfield Residential from Brookfield Asset Management. CalSTRS, the California state teacher pension fund, will be acquiring a company that manages 43,000 apartments nationwide, including luxury and affordable housing, the publication Pensions & Investments reported. The price was not disclosed. […]
VTS raises $90M to join the ranks of unicorns
VTS co-founder Nick Romito (Credit: iStock) Real estate tech firm VTS has raised $90 million in its latest funding round, an investment that catapults it into the ranks of unicorns, or startups valued at $1 billion or more. Brookfield Asset Management and GLP, two of the world’s biggest landlords, led the Series D funding round, […]
Brookfield’s $4.7B Oaktree deal could bolster firm for downturn
From left: Bruce Flatt, CEO of Brookfield Asset Management and Howard Marks, co-chairman of Oaktree Brookfield Asset Management is already one of the largest alternative asset managers in the world. And its latest diversification play could help it during a downturn. This week, the Toronto-based giant paid $4.7 billion for a 62 percent stake in […]
Brookfield just finished raising its largest real estate fund to date
Brookfield CEO Bruce Flatt and 666 Fifth Avenue (Credit: Wikipedia, Google Maps, and Pixabay) Brookfield Asset Management’s $15 billion property fund is ready to roll. The firm has finished raising money for the fund, which is the largest ever for the company and the second largest in private real estate, just behind Blackstone Group’s $15.8 […]