Affiliates of Brookfield Asset Management have agreed to acquire a minority interest in American Real Estate Partners (AREP) for an undisclosed amount.
The investment brings together AREP’s vertically integrated data center development platform with Brookfield’s global scale, investment capabilities and experience across real estate, energy and infrastructure. The partnership will support AREP as it continues to grow its investment and development platform across its core markets and asset classes.
“Over the past several years, we have built AREP into a differentiated real estate investment and data center development platform, and we are excited to welcome Brookfield as a partner,” said Brian Katz, co-founder and president of American Real Estate Partners. “Brookfield brings tremendous global experience and capabilities, and we look forward to partnering in this next and exciting chapter of growth at AREP.”
Ben Brown, co-president of Brookfield’s
