Brookfield Completes $886 Million Acquisition of Verde Realty

Brookfield Completes $886 Million Acquisition of Verde Realty 
HOUSTON, TEXAS -- (Marketwire) -- 12/21/12 -- Brookfield
(TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) announced today that it has
closed the acquisition of a majority ownership position in Verde
Realty ("Verde"), positioning the company for strong growth as an
owner, operator and developer of industrial distribution facilities
in the United States and Mexico. 
Through this transaction, an investment vehicle managed by Brookfield
will control approximately 81% of the common equity in Verde, with
the remaining equity retained primarily by some existing Verde
shareholders.  
Verde owns 111 industrial distribution facilities comprised of 18
million square feet of space in major U.S. distribution markets and
gateway trade markets along the U.S. and Mexican border, as well as
over 20,000 acres of land intended for future sale and development.
Under new ownership, the company plans to expand its holdings and
seek consolidation opportunities in the fragmented industrial real
estate sector. 
"We look forward to building on our reputation for delivering well
located, high quality distribution facilities for our clients and
executing our growth strategy that includes acquisitions and property
development," commented Ronald Blankenship, Chief Executive Officer
of Verde. 
"Verde is a scalable, cornerstone investment in the industrial
property sector that positions Brookfield to expand its real estate
platform into the logistics arena to capitalize on the evolving
global supply chain," said David Arthur, Managing Partner at
Brookfield Asset Management. 
About Verde 
Verde, a Maryland real estate investment trust, is a fully
integrated, self-administered and self-managed REIT that specializes
in the ownership, acquisition and management of industrial
distribution facilities. Verde's existing operating portfolio is
composed primarily of industrial distribution facilities in the
southwestern United States, California, suburban Chicago, Maryland,
Utah and northern Mexico. 
Brookfield Asset Management Inc. is a global alternative asset
manager with more than $150 billion in assets under management. The
company has over a 100-year history of owning and operating assets
with a focus on property, renewable power, infrastructure and private
equity. Brookfield has a range of public and private investment
products and services, which leverage our expertise and experience
and provide us with a competitive advantage in the markets where we
operate. Brookfield is co-listed on the New York and Toronto Stock
Exchanges under the symbol BAM and BAM.A, respectively, and on NYSE
Euronext under the symbol BAMA. For more information, please visit
our website at www.brookfield.com. 
Cautionary Statement Regarding Forward-Looking Statements and
Information  
This press release contains "forward-looking information" within the
meaning of Canadian provincial securities laws and "forward-looking
statements" within the meaning of Section 27A of the U.S. Securities
Act of 1933, as amended, Section 21E of the U.S. Securities Exchange
Act of 1934, as amended, "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995 and in any
applicable Canadian securities regulations. Forward-looking
statements include statements that are predictive in nature, depend
upon or refer to future events or conditions, include statements
regarding the operations, business, financial condition, expected
financial results, performance, prospects, opportunities, priorities,
targets, goals, ongoing objectives, strategies and outlook of
Brookfield and Verde, as well as the outlook for North American and
international economies for the current fiscal year and subsequent
periods, and include words such as "plans", "seeks" or negative
versions thereof and other similar expressions, or future or
conditional verbs such as "may," "will," "should," "would" and
"could". 
Although we believe that our anticipated future results, performance
or achievements expressed or implied by the forward-looking
statements and information are based upon reasonable assumptions and
expectations, the reader should not place undue reliance on
forward-looking statements and information because they involve known
and unknown risks, uncertainties and other factors, many of which are
beyond our control, which may cause the actual results, performance
or achievements of Brookfield and Verde to differ materially from
anticipated future results, performance or achievement expressed or
implied by such forward-looking statements and information.  
Factors that could cause actual results to differ materially from
those contemplated or implied by forward-looking statements include,
but are not limited to: the impact or unanticipated impact of general
economic, political and market factors in the countries in which we
do business; the behavior of financial markets, including
fluctuations in interest and foreign exchanges rate; global equity
and capital markets and the availability of equity and debt financing
and refinancing within these markets; the risk that Verde will not be
integrated successfully with and into Brookfield's organization; the
risk that cost savings and any other synergies from the transaction
may not be fully realized or may take longer to realize than
expected; disruption from the transaction making it more difficult to
maintain relationships with customers or employees; business
competition; operational and reputational risks; technological
change; changes in government regulation and legislation within the
countries in which we operate, catastrophic events, such as
earthquakes and hurricanes; the possible impact of international
conflicts and other developments including terrorist acts; and other
risks and factors detailed from time to time in Brookfield's
documents filed with the securities regulators in Canada and the
United States. 
We caution that the foregoing list of important factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements, investors and others should carefully
consider the foregoing factors and other uncertainties and potential
events. Except as required by law, Brookfield and Verde undertake no
obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, that may be as a
result of new information, future events or otherwise.
Contacts:
Brookfield Asset Management
Investors: Katherine Vyse
SVP, Investor Relations
(416) 369-8246
(416) 363-2856 (FAX)
katherine.vyse@brookfield.com 
Brookfield Asset Management
Media: Andrew Willis
SVP, Communications and Media
(416) 369-8236
(416) 363-2856 (FAX)
andrew.willis@brookfield.com
www.brookfield.com
Contacts:
Verde Realty
Investors:
Roxanne Cox
(713) 338-3000
(915) 990-2700 (FAX)
roxanne.cox@verderealty.com
 
 
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