Investing - Brookfield Asset Management
Investing - Brookfield Asset Management
Investing - Brookfield Asset Management
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Multi-family – Strong Demand<br />
• Actively pursuing organic and acquisitive growth strategies to capitalize on strong demand for<br />
multi-family il assets<br />
– Recently closed on approximately $1 billion of core-plus and development properties<br />
• Seven new apartment buildings with total project costs over $230 million<br />
• Nine new construction projects with total project costs of more than $700 million<br />
– Net operating income increased 8.6% year-on-year to June 2011 1<br />
– Leveraging Fairfield’s operating expertise to pursue other multi-family portfolios and<br />
operating platforms<br />
1<br />
Reported on stabilized assets<br />
67<br />
| <strong>Brookfield</strong> <strong>Asset</strong> <strong>Management</strong> Inc.