Brookfield Asset Management, Elion Partners Form $1 Billion Strategic Partnership

By Adriano Marchese

Brookfield Asset Management Inc. said Thursday it has entered into a $1 billion partnership with real estate investment firm Elion Partners.

The Canadian alternative asset management company said the new strategic partnership expands Brookfield's real estate secondaries' logistics portfolio across core infill markets.

As part of the investment, Brookfield has made an $80 million equity commitment to Elion's affiliated value-added fund, Elion Real Estate Fund V.

"We are excited about the partnership with Elion and the opportunity to gain exposure to high-quality industrial assets in supply-constrained markets with significant potential upside," said Chris Reilly, Managing Partner at Brookfield.

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(END) Dow Jones Newswires

09-23-21 0832ET