Brookfield (BAM) continues to deploy capital into real estate, announcing two deals worth $7B in aggregate…

… $5B of which is earmarked for LXP Industrial, who owns 108 warehouse and logistics facilities in the US. The asset class has seen faster rent growth than others…

… so it’s no surprise to see Brookfield and CPP follow up past industrial deals with this one.

Its $2B JV with Healthpeak is a little more interesting, with the new entity owning 86 outpatient medical facilities - an asset class that’s seen steady growth in patient visits…

… and one that makes up over a third of Vital Infrastructure (VITL-U), the only TSX-listed vehicle for this type real estate exposure…

… which got a small bid on the news and could have more capital coming, given BAM has historically timed its entry points well.

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