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March 17, 2010

Toronto’s Brookfield Properties is every where these days! No matter where I look, Brookfield is doing a deal. Pretty phenomenal. Actually, truth be told… now I have to figure out the difference between Brookfield Properties, Brookfield Asset Management, Brookfield Homes…etc…etc…etc….

Check out what Reuters has to say:

Brookfield Properties Corp (BPO.TO) may buy some 20 buildings around the Washington D.C area that fell into default last summer, the Wall Street Journal said, citing people familiar with the situation.

The company has acquired about half of the $570 million in debt secured by those properties, including three 11-story buildings located near the White House, the paper said.

Tishman Speyer Properties of New York bought the properties from Blackstone Group LP in 2006, and brought in about a dozen partners to provide equity, including Lehman Brothers Holdings Inc, newspaper said.

Now, time to keep my eye on BPO.TO (or, any of these other Brookfield tickers, found here)!

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