BAM.A Brookfield Asset Management Inc

Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA)
("Brookfield") announced today its Real Estate Opportunity Fund ('the Fund")
signed a long term lease with insurance provider USAA in the Fund's newly
acquired office building at Two Addison Circle in Dallas, Texas.  


USAA is the first major tenant in Two Addison Circle, a building that was vacant
when acquired by the Fund from a lender in August 2010. USAA leased a total of
73,000 square feet of space in the building.


"We are pleased to welcome USAA to a Brookfield building and excited with the
progress we have made in expanding our client base and creating value in our
portfolio," said David Arthur, the Fund's President and Managing Partner. 


Brookfield has strong relationships and market knowledge in Dallas through the
approximately 3.5 million square feet of real estate it has acquired in the
area. The Fund acquired Two Addison Circle at an attractive price representing
approximately half the building's replacement value. Two Addison Circle is a
newly constructed, approximately 200,000 square foot Class A office building
with structured parking.


USAA provides insurance, banking, investment and retirement products and
services to 7.8 million members of the U.S. military and their families.


In leasing Two Addison, the Fund used Capstar Commercial Real Estate Services
(Johnny Johnson & Rodney Helm). 


Brookfield Asset Management Inc., focused on property, renewable power and
infrastructure assets, has over $100 billion of assets under management and is
co-listed on the New York and Toronto Stock Exchanges under the symbol BAM and
on NYSE Euronext under the symbol BAMA. For more information, please visit our
website at www.brookfield.com.


About Brookfield Real Estate Opportunity Fund

Brookfield Real Estate Opportunity Fund, established by Brookfield Asset
Management Inc., invests opportunistically in underperforming real estate in
North America, including commercial office, industrial and mixed-use properties.
Since its inception, the Fund has acquired over 22 million square feet of
properties, mostly in the United States.


For more information, please visit our web site at www.brookfield.com.

Brookfield Asset Managem... (TSX:BAM.A)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Brookfield Asset Managem... (TSX:BAM.A)
Historical Stock Chart
Von Jul 2023 bis Jul 2024