Article: Canada : Brookfield Launches US$4 Billion Real Estate Turnaround Consortium.

Byline: pinto03

Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) and Brookfield Properties Corporation (TSX:BPO)(NYSE:BPO) (collectively, "Brookfield") today announced the formation of a US$4 billion Investor Consortium dedicated to investing in under-performing real estate. The Consortium will invest in equity and debt in under-valued real estate companies or real estate portfolios where value can be created for stakeholders in a variety of ways, including financial and operational restructuring, strategic direction or sponsorship, portfolio repositioning, redevelopment or other active asset management. Investments will be targeted at ...

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