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Forest City Realty Trust company history timeline

1920

In 1920, Forest City was founded as a family-owned lumber and household hardware business by siblings Charles, Leonard, Max and Fannye Ratner, immigrants from Poland.

1987

In 1987, the company sold its retail lumber business to Handy Andy Home Improvement Center.

2011

In 2011, the company sold a 49% stake in a retail portfolio in New York for $172.3 million.

2013

In 2013, the company acquired a 100% interest in a mall in Pittsburgh.

2016

In 2016, for tax purposes, the company converted into a real estate investment trust.

2017

In June, 2017 Forest City shareholders voted to eliminate the dual share structure that had enabled the founding Ratner family to control the company.

In August, 2017 the company sold 25 acres in Cleveland.

2018

On December 7, 2018, the company was acquired by Brookfield Asset Management.

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Founded
1920
Company founded
Headquarters
Cleveland, OH
Company headquarter
Founders
Fannye Ratner,Max Ratner
Company founders
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Forest City Realty Trust may also be known as or be related to FOREST CITY ENTERPRISES INC, Forest City, Forest City Enterprises Inc and Forest City Realty Trust.