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Brookfield Asset Management Inc Completes $886 Million Acquisition Of Verde Realty

Friday, 21 Dec 2012 01:35pm EST 

Brookfield Asset Management Inc announced that it has closed the acquisition of a majority ownership position in Verde Realty (Verde), positioning the Company for growth as an owner, operator and developer of industrial distribution facilities in the United States and Mexico. Through this transaction, an investment vehicle managed by Brookfield will control approximately 81% of the common equity in Verde, with the remaining equity retained primarily by some existing Verde shareholders.