Brookfield Property Inc. REIT acquires DreamWorks Animation Campus
In December of 2021, Brookfield Property Inc. REIT (Brookfield Property) announced they have acquired DreamWorks Animation campus. The company acquired 445 apartment units for $172.0 million, the 15-acre DreamWorks facility for $326.5 million and 500,000 square feet of logistics real estate for $71.0 million. After this acquisition, Brookfield Property’s total assets are valued at $1.5 billion.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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