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Forest City Says It's Considering Options Including a Merger

  • REIT had faced investor pressure to increase shareholder value
  • Company is best known for Brooklyn’s Pacific Park development
The Atlantic Yards project in Brooklyn, New York, on June 12, 2017.

The Atlantic Yards project in Brooklyn, New York, on June 12, 2017.

Photographer: Andrew Lichtenstein/Corbis via Getty Images
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Forest City Realty Trust Inc., a property company that’s faced pressure from an activist investor, said it’s considering alternatives to increase shareholder value, including a potential merger or acquisition.

The Cleveland-based real estate investment trust, with $8.2 billion in assets, will look at a range of options while it continues its current strategies, according to a statement Monday. In the past several years, Forest City has worked to pay down debt, reduce complexity and reform its corporate governance while focusing on core urban markets.