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Report: Brookfield, Forest City in Deal Talks

A Forest City spokesman declined to comment on Bloomberg News' report that the REIT was holding discussions about a possible acquisition.

By Paul Bubny | Updated on January 31, 2018

550 Vanderbilt, part of the Pacific Park mixed-use complex under development in Brooklyn.

CLEVELAND—Shares of Forest City Realty Trust were up Wednesday after Bloomberg News reported that the REIT was in discussions with Brookfield Asset Management about a possible acquisition. A spokesman for FCRT tells GlobeSt.com the company has no comment; requests to Brookfield for comment had not received a response by early Wednesday afternoon.

Citing people said to be familiar with the discussions, Bloomberg reported that the talks were ongoing and might fail to lead to an agreement. Other bidders may yet emerge for FCRT, Bloomberg reported.

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