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SECURITY AND EXCHANGE COMMISSION
Washington, DC 20549
REPORT OF FOREIGN PRIVATE ISSUER UNDER RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2021
Commission file number: 001-15160
Brookfield Asset Management Inc.
(Translation of the declarant’s name in English)
Brookfield Place Suite 300 181 Bay Street, PO Box 762 Toronto, Ontario, Canada M5J 2T3
(Address of the main executive office)
Indicate by checking whether the declarant files or will file annual reports under the cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [ X ]
Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by rule 101 (b) (1) of the ST Regulation:
To note: Rule 101 (b) (1) of the TS Regulation only permits the submission on paper of a Form 6-K if it is submitted solely to provide an accompanying annual report to securityholders.
Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by rule 101 (b) (7) of the ST Regulation:
To note: Rule 101 (b) (7) of the ST Regulation only allows the paper submission of a Form 6-K if it is submitted to provide a report or other document that the registered foreign private issuer must provide and make public. under the laws of the jurisdiction in which the declarant is incorporated, domiciled or legally organized (the “country of origin of the declarant”), or according to the rules of the stock exchange in the country of origin on which the declarant’s securities are traded , until such time as the report or other material is a press release, is is not required to be and has not been distributed to securityholders of the registrant and, if it is ‘an important event, has already been the subject of a submission of Form 6-K or of another filing by the Commission on EDGAR.
In accordance with the requirements of the Securities Exchange Act of 1934, the declarant has duly caused this report to be signed on his behalf by the undersigned, being duly authorized for this purpose.
|Brookfield Asset Management Inc.|
|Date: September 23, 2021||/ s / JUSTIN B. BEBER|
|Head of Corporate Strategy and Legal Director|
Brookfield Asset Management and Elion Partners Announce Strategic $ 1 Billion Partnership
NEW YORK – September 23, 2021 – Brookfield Asset Management (“Brookfield”) and Elion Partners (“Elion”), a vertically integrated industry specialist and sponsor of institutional real estate vehicles, today announced a $ 1 billion strategic partnership extending Brookfield’s logistics portfolio Real Estate Secondaries through the infill of core markets.
Brookfield recapitalized Elion Logistics Park 55 (“ELP 55”), a Chicago master plan industrial park with the potential to develop approximately $ 1 billion in industrial real estate. The project includes five existing Class A industrial assets totaling four million square feet that are 100% leased, as well as the potential to develop up to 15 million square feet of additional industrial properties in the future. The planned logistics park is located next to the BNSF railway line, offers many amenities to tenants, including essential travel and repair services, and is funded through tax increases. Park Madison Partners acted as exclusive capital advisor for the recapitalization.
“Industrial logistics real estate continues to experience positive momentum, and now is the logical time to seek long-term capital,” said Juan DeAngulo, Managing Partner of Elion. “This partnership structure and the support of Brookfield will enable Elion to realize the long-term development plans of the ELP 55.”
“We are excited about the partnership with Elion and the opportunity to gain exposure to high quality industrial assets in limited supply markets with significant upside potential,” said Chris Reilly, Managing Partner at Brookfield.
The investment also included an $ 80 million equity commitment to Elion’s latest value-added fund affiliated with Elion, Elion Real Estate Fund V, which closed last month on hitting its cap of $ 500 million. A majority of Fund V’s portfolio has been pre-specified on Brookfield’s commitment, representing more than 3.2 million square feet of logistics real estate in infill coastal markets.
Brookfield, one of the world’s largest real estate investors with more than $ 200 billion in assets under management, launched its Real Estate Secondaries business a year ago. The strategy is focused on GP investors who seek flexibility and liquidity in the management of their investments in the private market.
About Elion Partners
Elion Partners is a vertically integrated private equity real estate investment firm focused on the industrial sector. Elion is both a fiduciary and an operator, managing over $ 2 billion in real estate assets through closed funds and permanent capital investment vehicles. The company is 100% minority owned and the team is over 65% diverse. For more information, please visit www.elionpartners.com.
Kaylee mccall correa
Phone. : +1 954-232-5573
Email: [email protected]
About Brookfield Asset Management
Brookfield Asset Management is a leading global alternative asset manager with more than $ 625 billion in assets under management in real estate, infrastructure, renewable energy, private equity and credit. Brookfield owns and operates long-term assets and businesses, many of which form the backbone of the global economy. With its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world, including public and private pension plans, endowment funds and foundations, sovereign wealth funds, financial institutions, insurance companies and private investors.
Brookfield Asset Management is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively. For more information, please visit our website at www.brookfield.com or contact:
Brookfield Asset Management
Communications and media
Phone. : +1 212-618-3469
Email: [email protected]