| Forest City Enterprises, Inc. engages in the ownership, development, management, and acquisition of commercial and residential real estate and land in 26 states and the District of Columbia. The company's Commercial Group segment owns, develops, acquires, and operates regional malls, specialty and urban retail centers, office and life science buildings, entertainment-based centers, neighborhood centers, power centers, hotels, and mixed-use projects. As of January 31, 2013, this segment owned interests in 93 completed properties, including 47 office properties, 17 regional malls, 28 specialty retail centers, and 2 hotels. Its Residential Group segment owns, develops, acquires, leases, and manages residential rental properties, including upscale urban properties, middle-market apartments, and adaptive re-use developments. This segment also owns, develops, and manages military family housing. As of January 31, 2013, its operating portfolio consisted of 32,564 apartment units in 115 properties; and 14,104 military housing units under management in various stages of operations and/or redevelopment. The company's Arena segment owns and operates Barclays Center, a state-of-the-art sports and entertainment arena located in Brooklyn, New York. Its Land Development Group segment acquires and sells land and developed lots to residential, commercial, and industrial customers; and owns and develops land into master-planned communities and mixed-use projects. The company operates primarily in Boston, Chicago, Dallas, Denver, Los Angeles, New York, Philadelphia, the Greater San Francisco metropolitan area, and the Greater Washington D.C. metropolitan area. Forest City Enterprises, Inc. was founded in 1920 and is headquartered in Cleveland, Ohio. |
