Brookfield Completes Acquisition Of Rouse Properties

An affiliate of Brookfield Asset Management has completed its acquisition of U.S. mall REIT Rouse Properties.

According to CoStar, the previously announced acquisition closed at a sale price of $2.8 billion. The companies agreed on the deal this past February. Rouse, which was spun off from General Growth Properties in 2011, specializes in the management, redevelopment and repositioning of Class B regional malls. The portfolio that Brookfield acquired includes 35 regional malls and retail centers in 21 states that spanning roughly 23.8 million square feet of retail.

The malls in the portfolio include: 
• Bel Air Mall, Mobile, AL 
• The Mall at Sierra Vista, Sierra Vista, AZ 
• The Mall at Turtle Creek, Jonesboro, AK 
• Bayshore Mall, Eureka, CA
• Chula Vista Center, Chula Vista, CA
• Fig Garden Village, Fresno, CA
• Mt. Shasta Mall, Redding, CA
• NewPark Mall, Newark, CA
• Southland Mall, Hayward, CA
• West Valley Mall, Tracy, CA
• Lakeland Square Mall, Lakeland, FL
• Silver Lake Mall, Coeur D’Alene, ID
• Spring Hill Mall, West Dundee, IL
• Mall St. Vincent, Shreveport, LA
• Pierre Bossier Mall, Bossier City, LA
• Centre at Salisbury, Salisbury, MD
• Birchwood Mall, Port Huron, MI
• Grand Traverse Mall, Traverse City, MI
• Lansing Mall, Lansing, MI
• Southland Center, Taylor, MI
• Westwood Mall, Jackson, MI
• The Mall at Barnes Crossing, Tupelo, MS
• Animas Valley Mall, Farmington, NM
• North Plains Mall, Clovis, NM
• Greenville Mall, Greenville, NC
• Valley Hills Mall, Hickory, NC
• Colony Square Mall, Zanesville, OH
• Washington Park Mall, Bartlesville, OK
• Gateway Mall, Springfield, OR
• Sikes Senter, Wichita Falls, TX
• Vista Ridge Mall, Lewisville, TX
• Cache Valley Mall, Logan, UT
• Chesterfield Towne Center, Chesterfield, VA
• Three Rivers Mall, Kelso, WA
• White Mountain Mall, Rock Springs, WY

Toronto, Canada-based Brookfield is a global property management firm that has roughly $240 billion in assets under management across the globe in various industries.