07:23 AM EDT, 06/26/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) has agreed to sell its Australian retirement home operator Aveo for 3.85 billion Australian dollars ($2.52 billion) to The Living Company, multiple media outlets reported Thursday, citing Brookfield.

The deal is anticipated to be completed in Q3, Reuters reported.

Neither Brookfield nor The Living immediately responded to MT Newswires' requests for comment.

Brookfield's stock was up more than 1% in recent Thursday premarket activity.