On July 15, 2024, Brookfield Asset Management announced the acquisition of a 14.6 million-square-foot industrial portfolio from funds managed by DRA Advisors, valued at $1.3 billion. The portfolio comprises infill light industrial assets across 20 high-growth U.S. markets, with a 96% occupancy rate serving national, regional, and local tenants.

Brookfield secured favorable financing through the CMBS market and plans to integrate the portfolio into its operations while launching targeted capital improvements for sustainability and efficiency.

Gibson Dunn & Crutcher LLP advised Brookfield, Blank Rome LLP represented DRA Advisors, and Dechert LLP acted for the financiers.

Brookfield’s global logistics platform now spans 425 properties and a 90 million-square-foot development pipeline.