Brookfield Made a $15 Billion Unsolicited Offer for GGP
The $15 billion offer by Brookfield was first reported by the Wall Street Journal on Sunday (11/12). The takeover would make Brookfield one of the largest real estate companies in the world with almost $100 billion in real estate assets. The combined net operating income would be almost $5 billion.
5-Year GGP
This offer illustrates the current lopsidedness of net asset values relative to market caps that REIT's are currently experiencing industry-wide. I would expect more M&A activity to increase as REIT valuations continue at their current levels.
