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Brookfield Creates Fund to Invest in Brazilian Real Estate

September 9th, 2006 | Author: MrsMoney

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Bloomberg:
Brookfield Asset Management Inc., which owns power plants and controls Manhattan’s World Financial Center, created a real estate fund to purchase shopping centers in Brazil.

The fund has more than $700 million of commitments, $200 million of that from Brookfield and the rest from 4 institutional investors, Toronto-based Brookfield said in a statement sent to Market Wire.

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