American Real Estate Partners (AREP), an institutional fund manager and real estate developer, and Brookfield Asset Management, a global alternative asset manager headquartered in New York with more than $1 trillion of assets under management, announced that affiliates of Brookfield have agreed to acquire a minority interest in 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 at American Real Estate Partner
