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Brookfield Asset Management to Spend $5 Billion Bailing Out Retailers


The fate of retailers and shopping malls is becoming even more inextricably linked as mall owner Brookfield Asset Management (NYSE: BAM) announced it is establishing a $5 billion fund to take non-controlling interests in ailing retailers.

With its Brookfield Property Partners (NASDAQ: BPY) unit, which typically holds Brookfield Asset's mall investments, already taking stakes in Aeropostale and Forever 21 to help forestall the ravages of the retail apocalypse, this latest effort deepens the relationship between landlord and tenant.

Image source: Getty Images.

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Source Fool.com

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