December 27, 2021
Brookfield REIT Buys DreamWorks Campus for $327M

Brookfield REIT has acquired the DreamWorks Animation Campus in Glendale, California, for $326.5 million from a joint...

Brookfield REIT Buys DreamWorks Campus for $327M

December 22, 2021 | Kelsi Maree Borland | GlobeSt.com

Brookfield REIT has acquired the DreamWorks Animation Campus in Glendale, California, for $326.5 million from a joint venture between Hana Asset Management and Ocean West Capital Partners. With this acquisition along with two others that also closed this month, Brookfield REIT’s total asset value has reached $1.5 billion.

Located at 1000 Flower Street, the seven-building campus is on 15 acres and totals 497,403 square feet. Brookfield announced plans to purchase the property in early November. The acquisition is Brookfield’s entry in to studio assets, which have grown in popularity over the last two years due to the streaming wars.

The pandemic amplified an already hot studio real estate market. In the last two years, filming and production studios have quickly becoming the darling of the Los Angeles real estate market, according to research from CBRE. The global entertainment market has contributed to a 1.2 million-square-foot pipeline of new studio space development and occupancy of existing spaces has stayed above 95%. During quarantine, there was a substantial increase in media consumption, companies are spending vast sums of money to build out their content libraries as they engage in the streaming war, says Eric Willett, regional director of research at CBRE.

≡ Read Article

Recent

ExchangeRight’s Essential Income REIT Now Tracked by Blue Vault

ExchangeRight’s Essential Income REIT Now Tracked by Blue Vault

Warren Thomas, a managing partner at ExchangeRight, shared that this reporting relationship will help educate advisors about the Essential Income REIT's successful performance to date, broadening its reach to more investors who need the kind of stable income that the REIT has historically generated.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now