Brookfield Acquires Minority Stake in Data Center Developer AREP
Brookfield Asset Management has acquired a minority stake in American Real Estate Partners (AREP), a Washington, D.C.-based developer of hyperscale data centers. The investment is expected to close by the end of this year and combines Brookfield's global scale with AREP’s expertise in real estate development across multiple sectors including data centers. AREP has deployed or committed over $30 billion and owns more than 40 million square feet of Class-A commercial properties, focusing on digital infrastructure. The partnership aligns with Brookfield's strategic shift toward high-growth areas like AI-driven physical infrastructure and away from traditional office assets.
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Topics: Data Centers Infrastructure Development Real Estate Investment