Brookfield REIT Acquires Stake In Canadian Offices

Law360, New York (December 1, 2011, 8:18 PM EST) -- Canadian office real estate investment trust Brookfield Office Properties Canada has acquired from its parent company a 25 percent interest in nine offices in Toronto and Ottawa valued in total at $357 million, the REIT announced Thursday.

The investment trust will fund the transaction for a stake in 6.5 million square feet of office space with Brookfield Office Properties Inc. through $219 million of existing liquidity and the remainder through debt, the trust said.

“The addition of these assets brings three high-quality Toronto office properties ......
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