QIC To Acquire Interests in Portfolio of 10 U.S. Regional Malls
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QIC, a government owned investment company owned by the Queensland (Australia) Government, is expanding its real estate investment in the U.S. by acquiring additional interests of its joint venture partner, Forest City Realty Capital (NYSE: FCEA), in 10 U.S. regional shopping malls on behalf of a QIC client. The portfolio is valued at $ 3.175 billion. QIC and Forest City have been joint venture partners in the portfolio since 2013. “We are…
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