Why Varia US Teamed up with Brookfield to Expand Its Multifamily Portfolio

Why Varia US teamed up with Brookfield to expand its multifamily portfolio

The $694 million joint venture allows Varia to unlock substantial liquidity, improve its balance sheet and gain greater flexibility in managing the business, per a spokesperson.

Is Brookfield Asset Management (TSX:BAM) Cheap After Its Latest Property Joint Venture?

Brookfield Asset Management (TSX:BAM) is back in focus after affiliates agreed to a US$693.9 million joint venture with Varia US Properties AG, covering 13 U.S. multifamily properties across nine states. See our latest analysis for Brookfield Asset Management. The joint venture news lands after an active few weeks for Brookfield Asset Management, which reported higher second quarter revenue and net income, affirmed its quarterly dividend of US$0…