Brookfield REIT Grows to $1.5 Billion of Total Asset Value With Acquisition of DreamWorks Animation Campus, Two Apartment Buildings and Three Logistics Facilities

BROOKFIELD NEWS, Dec. 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’ media district, serves as DreamWorks’ 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 – 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. (“Brookfield REIT” or “the REIT”). Read More