Market Chatter: Brookfield Asset Management Fund Buys US Student Housing Properties for $893 Million-February 2024-www.financetom.com

Market Chatter: Brookfield Asset Management Fund Buys US Student Housing Properties for $893 Million

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Market Chatter: Brookfield Asset Management Fund Buys US Student Housing Properties for $893 Million

Dec 10, 2024 9:49 AM

12:16 PM EST, 12/10/2024 (MT Newswires) -- A Brookfield Asset Management ( BAM ) property fund bought student housing properties in the US for $893 million, 36% lower than the cost of replacing the properties and a 19% discount to recent trades, Bloomberg reported Tuesday, citing a company spokesperson.

The 14 properties, with a total of about 8,700 beds, serve schools such as Texas A&M University, Dartmouth College and Indiana University, the report said.

Brookfield didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 57.35, Change: -0.05, Percent Change: -0.09

Previous page： ING Comments on Euro, Sterling, Romania's Leu Next page： RealSense spins out from Intel, secures $50 million to drive AI vision in robotics

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

ING Comments on Euro, Sterling, Romania's Leu

Jul 11, 2025

06:01 AM EDT, 07/11/2025 (MT Newswires) -- There is still no news on the European Union trade proposal to the United States, but in ING's view, an EU-U.S. trade deal is unlikely to have a significant directional impact on EUR/USD, which remains primarily tied to Federal Reserve and US data dynamics. However, in the absence of major data releases, markets...

RealSense spins out from Intel, secures $50 million to drive AI vision in robotics

Jul 11, 2025

July 11 (Reuters) - Computer vision technology firm RealSense said on Friday it has completed its spinout from Intel Corp ( INTC ) and secured $50 million in early-stage funding to accelerate expansion into the rapidly growing robotics sector. The company develops cameras that enable machines and devices to perceive the world in three dimensions, allowing them to see depth,...

NHTSA opens recall query into more than 27,000 Polestar 2 vehicles

Jul 11, 2025

July 11 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it had opened a recall query covering 27,816 of Sweden-based EV maker Polestar's Polestar 2 vehicles over loss of rear-view camera image. The auto safety regulator said the impacted vehicles displayed issues with the rear-view camera relating to limited visualization, becoming inoperable, or incorrect functioning when...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...