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Brookfield Closes Largest Private Fund at $15B

Brookfield Asset Management Inc. closed its latest flagship global private real estate fund, Brookfield Strategic Real Estate Partners III (BSREP III). BSREP III is Brookfield’s largest private fund to date, with total equity commitments of US$15 billion.

BSREP III significantly exceeded its original fundraising target of $10 billion, securing commitments from a diverse group of more than 150 limited partners.

Brookfield Property Group’s Brian Kingston says, “We continue to utilize our core strengths—global reach, access to large-scale capital and operational expertise—that have served us well throughout our investment history. We plan to remain patient in deploying capital, but will be ready to invest when we see the right opportunities emerge.”

Brookfield and Brookfield Property Partners L.P. have committed US$3.75 billion in aggregate to the fund. BSREP III focuses on acquiring high-quality real estate assets on a value basis. To date, the fund has made 10 investments globally, totaling more than US$5 billion.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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