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Forest City Realty Trust, Inc.

Business Model

As a real estate investment company, Forest City Realty Trust, Inc. mainly focuses on the acquisition and management of commercial and multi-family residential properties. Their portfolio of managed properties includes shopping centers, office buildings and apartments across the United States. This company also owns and operates military housing installations in several states. For these operations, the company goes by the name Forest City Residential Management.

The company began in the 1920s as a hardware store and lumberyard in Ohio, where the main headquarters remain to this day. Real estate holdings were introduced to the company operations in the 1930s with the acquisition of apartment buildings and retail locations. With the sale of the lumber side of the business in 1987, Forest City Realty Trust, Inc. decided to focus on real estate investments and property management. As of July 2018, Forest City was acquired by Brookfield Asset Management Inc. in a $6.8 billion deal.

Military Bases

  • United States Air Force Academy, Colorado
  • Navy/United States Marine Corps Hawaii
  • Naval Station Great Lakes, Illinois
  • Naval Submarine Station Crane, Indiana
  • Naval Support Activity Mid-South Millington, Tennessee
  • Keesler Air Force Base, Mississippi
  • Shaw Air Force Base, South Carolina
  • Charleston Air Force Base, South Carolina
  • Arnold Air Force Base, Tennessee
  • Navy Northwest Region, Washington

Contact Information For Forest City Realty Trust, Inc.

127 Public Square, Suite 3100

Cleveland, Ohio 44114

Phone: 216-621-6060

David J. LaRue, President and Chief Executive Officer

Robert G. O’Brien, Executive Vice President

Lawsuits, Sanctions and Penalties Against Forest City Realty Trust, Inc.

In the 2017 case, Hardy v. Forest City Realty Trust et al, labor disputes are at the center of the lawsuit. The case, Ratner v. Forest City Realty Trust, Inc, was filed in 2018 and quickly dismissed by the court. This lawsuit was in regards to the proposed company merger with Brookfield Asset Management, Inc.

Military families based on Marine Corps Base Hawaii have filed a class-action lawsuit claiming that poor housing conditions made them sick. The lawsuit addresses suspected fraud, deceptive trade practices and negligence of Forest City in their management of the military housing community. The case is still pending.

 

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Michael F. Cardoza, Esq.
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U.S. Marine & Consumer Financial Protection Attorney dedicated to fighting debt and credit bureau harassment.