Bloomberg: Brookfield Asset mulling sale of industrial property unit

|About: Brookfield Asset Management... (BAM)|By:, SA News Editor

Brookfield Asset Management (BAM) is considering a sale of its IDI Logistics North American industrial property business, which could fetch as much as $5B, Bloomberg reports.

IDI Logistics has 33M sq. ft. of assets under management as well as sites to develop an additional 20M sq. ft. of distribution facilities.

BAM bought IDI's predecessor, IDI Developments International, for $1.1B in 2013.

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