BISNOW: Brookfield has reached a deal to buy Forest City Realty Trust,  which is expected to close in the fourth quarter, is valued at $11.4B including debt.

The Forest City portfolio includes 18,500 multifamily units, as well as 10.8M SF of office, life science and retail space in major markets across the country.  Brookfield will acquire Forest City for $25.35/share in the all-cash transaction.

“Forest City has created a high-quality portfolio of operating and development assets over its 100-year history,” Brookfield Property Group CEO Brian Kingston said in a statement.