{"id":4955,"date":"2022-01-18T14:26:35","date_gmt":"2022-01-18T20:26:35","guid":{"rendered":"https:\/\/1reason.com\/re\/brookfield-reit-grows-to-1-5-billion-of-total-asset-value-with-acquisition-of-dreamworks-animation-campus-two-apartment-buildings-and-three-logistics-facilities\/4955\/"},"modified":"2022-01-19T08:26:35","modified_gmt":"2022-01-19T14:26:35","slug":"brookfield-reit-grows-to-1-5-billion-of-total-asset-value-with-acquisition-of-dreamworks-animation-campus-two-apartment-buildings-and-three-logistics-facilities","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/brookfield-reit-grows-to-1-5-billion-of-total-asset-value-with-acquisition-of-dreamworks-animation-campus-two-apartment-buildings-and-three-logistics-facilities\/4955\/","title":{"rendered":"Brookfield REIT Grows to $1.5 Billion of Total Asset Value With Acquisition of DreamWorks Animation Campus, Two Apartment Buildings and Three Logistics Facilities"},"content":{"rendered":"
21, 2021 (GLOBE NEWSWIRE) — Brookfield today announced that it has acquired the DreamWorks Animation Campus in Glendale, CA for $326.5 million. The 15-acre, 500,000-square-foot facility, located in Los Angeles\u2019 media district, serves as DreamWorks\u2019 headquarters and includes all essential infrastructure for the creation of animated feature films and television series including production and motion-capture studios, green rooms, a commissary and a 165-seat theater. The seven-building campus houses approximately 1,500 employees at the studio \u2013 including artists, animators, technologists and engineers. DreamWorks has occupied the facility for more than 20 years and its current lease runs until 2035. Brookfield acquired the facility through Brookfield Real Estate Investment Trust Inc. (\u201cBrookfield REIT\u201d or \u201cthe REIT\u201d). <\/p>\n

Also last week Brookfield REIT completed the acquisitions of two luxury apartment buildings totaling 445 units at an aggregate purchase price of $172 million:<\/p>\n