CLEVELAND—The company founded in 1920 by the Ratner family as a lumber and hardware business is now a publicly traded REIT with $10 billion in consolidated assets. What is now known as Forest City Realty Trust Inc. took on its new name and status at the stroke of midnight on New Year’s Eve.

The change followed the completion of the merger of FCE Merger Sub Inc. with and into Forest City Enterprises Inc., with Forest City Enterprises surviving as a wholly-owned subsidiary of Forest City Realty Trust. Forest City Enterprises has been converted into a Delaware limited partnership, which will serve as the operating partnership for the company.

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