Forest City Enterprises, Inc. engages in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. The company’s core markets include Boston, Chicago, Dallas, Denver, Los Angeles, Philadelphia, and the greater metropolitan areas of New York City, San Francisco and Washington D.C. Segments The company operates through three strategic business units, which represent four reportable operating segments (collectively, the Real Estate Groups): Commercial Group; Residential Group; and Land Development Group. Commercial Group Commercial Group, the company’s major strategic business unit, owns, develops, acquires and operates regional malls, specialty/urban retail centers, office and life science buildings and mixed-use projects. Additionally, it operates Barclays Center, a sports and entertainment arena located in Brooklyn, New York, which is reported as a separate operating segment (Arena). The Commercial Group’s portfolio is in both urban and suburban locations in 14 states and the District of Columbia. The Commercial Group targets markets where it uses its expertise to develop complex projects, often employing public and/or private partnerships. In its office development activities, the company is primarily a build-to-suit developer that works with tenants to meet their requirements. The company’s office development focuses primarily on mixed-use projects in urban developments, often built in conjunction with hotels and/or retail centers or as part of a major office or life science campus. The specialty retail centers include urban retail, entertainment-based, neighborhood and power centers (collectively, specialty retail centers). Arena: The company owns and operates the Barclays Center, a 670,000 square foot world-class arena and home to the Nets. Residential Group The Residential Group owns, develops, acquires, leases and manages residential rental properties in 21 states and the District of Columbia. Additionally, it owns interests in entities that develop and manage military family housing. Its residential portfolio includes middle-market apartments, upscale urban properties, adaptive re-use developments and subsidized senior housing. The Residential Group also owns, develops and manages military family housing. Land Development Group Land Development Group acquires and sells both land and developed lots to residential, commercial and industrial customers at its Stapleton project in Denver, Colorado. The Stapleton project is an urban redevelopment with substantial future entitlements, including apartments, retail and office space, as well as single family neighborhoods, where the company sells residential lots to homebuilders. As of December 31, 2014, the company owned 260 acres of undeveloped land (including 125 saleable acres). As of December 31, 2014, the company purchased 2,086 acres at Stapleton. In addition to the developable land available through purchase options, there are 1,116 acres reserved for regional parks and open space, of which 917 acres are under construction or have been completed. As of December 31, 2014, Stapleton also had approximately 2.1 million square feet of retail space, 400,000 square feet of office space, 1.7 million square feet of other commercial space and 1,131 apartment units completed, with another 393 apartment units under construction. In addition to sales activities of the Land Development Group, the company also sells land acquired by its Commercial and Residential Groups adjacent to their respective projects. The Nets The company’s 20% minority ownership interest in the Nets is through Nets Sports and Entertainment LLC (NS&E). NS&E also owns an interest in Brooklyn Arena, LLC (Arena LLC), an entity that through its subsidiaries has a long-term lease in Barclays Center. History Forest City Enterprises, Inc. was founded in 1920.
forest city enterprises-cl a
50 Public Square
Cleveland, OH 44113
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To contact FOREST CITY ENTERPRISES-CL A, please visit www.forestcity.net. Company data is provided by Capital IQ. Please use this form to report any data issues.