10:35 AM EST - Brookfield Asset Management Inc. : And Fairfield Residential announced today that they held the final close on Brookfield Fairfield U.S. Multifamily Value Add Fund III, with aggregate equity commitments of $1 billion. This is the third multifamily fund managed by Brookfield and Fairfield, which seeks to invest in multifamily assets throughout the U.S. by acquiring and renovating existing apartments and engaging in ground-up development in select coastal markets. Brookfield Asset Management Inc.
shares T.BAM.A are trading down $0.16 at $55.97.
