Prior to the transaction, Forest City had a 51% interest in the DKLB BKLN high-rise property that opened in 2009. Prior to the transaction, Forest City had a 51% interest in the DKLB BKLN high-rise property that opened in 2009.

NEW YORK CITY—Forest City Realty Trust, Inc. reports today that the joint venture between the Cleveland-based firm and Madison International Realty has acquired a 49% interest in the DKLB BKLN multifamily project on DeKalb Avenue in Brooklyn.