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Brookfield Asset Management Inc
Symbol BAM
Shares Issued 986,983,551
Close 2016-06-16 C$ 44.00
Market Cap C$ 43,427,276,244
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Globe/wire say Dream Industrial may be on the block

2016-06-17 06:38 ET - In the News

See In the News (C-DIR) Dream Industrial Real Estate Investment Trust

The Globe and Mail reports in its Friday, June 17, edition that unnamed sources say Dream Industrial Real Estate Investment Trust has held talks with potential suitors to explore the prospect of selling itself. A Reuters dispatch to The Globe reports that sources say possible buyers could include asset managers, pension funds, private equity firms, insurers and real estate companies. The sources did not disclose the names of the potential buyers Dream Industrial held talks with. Sources say there has been a disconnect between the price expectations of sellers and buyers, so it is not clear if any deal will be reached. Players who have shown interest in industrial properties include entities backed by Brookfield Asset Management, Canada Pension Plan Investment Board and Alberta Investment Management (AIMCo). Pure Industrial Real Estate Trust could also be interested, says one source. Reuters says Dream Industrial, Brookfield and AIMCo did not respond to requests seeking comment. As well, CPPIB declined comment. Pure Industrial on Wednesday raised $149.8-million in a bought deal and said its plans for the money included repaying debt and financing acquisitions.

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