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SEC Filings

FOREST CITY REALTY TRUST, INC. filed this Form DEFA14A on 10/04/2018
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Property manager email – Property staffing decision

Property managers,

A short time ago, you should have received a message from me that shared Brookfield’s intention to retain all on-site, property-level associates (in the absence of serious performance concerns) once the transaction has closed.

I am asking each of you to read the message in detail, and to bring your team together for a short staff meeting to ensure that your associates understand the message as it relates to our on-going operations as well as the transition process.

This meeting is an opportunity to remind your associates that Brookfield has committed to, for at least one year following the closing of the merger, providing continuing associates with salary no less favorable than their current salary, and health and welfare benefits substantially similar to those currently provided. Also, our current “3+3” enhanced severance program will follow eligible associates for up to two years following the close.

As I shared in the message, this is the first of many related decisions, and we are directing associates to our MainStreet resource page to submit a question or view everything we’ve shared to date, including our initial FAQs (effective July 31) and supplemental FAQs (added September 13).

We will continue to work closely with Brookfield and will communicate updates to you as soon as we have them.

Again, you and your team’s focus on delivering exceptional service and results is truly appreciated.

Thank you,

Duane Bishop