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Crain's Cleveland Business: the return of Forest City's founding family?

Investment group formed by Ratner, Miller and Shafran families ramps up out-of-town efforts, reported Stan Bullard of Crain's Cleveland Business 9/8/19. 

And while that doesn't sound like Bruce Ratner of Forest City New York, his cousins and other extended family members--involved in the RMS Investment Group family office--seem to not have given up real estate since the once family-controlled Forest City Realty Trust was acquired last year by Brookfield Asset Management.

Reports Bullard:
With a headquarters at the Van Aken District, the company's $70 million mixed-use remake of the former Van Aken shopping center in Shaker Heights, RMS has set up a new outpost in Washington, D.C.
That is where RMS has located a newly formed subsidiary to source and underwrite real estate acquisitions throughout the Mid Atlantic with a focus on multifamily. The effort was disclosed by an ad posted on online job boards such as LinkedIn to recruit a real estate acquisitions analyst, an entry-level position, in the nation's capital.
So it's plausible, though not necessarily likely, that RMS--which declined comment to Crain's--might even make a purchase in New York City.

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