Richard (Ric) Clark Member The Real Estate Roundtable Senior Managing Partner and Chairman Brookfield Property Group
Ric Clark is a Senior Managing Partner and the Chairman of Brookfield Property Group and Brookfield Property Partners.
Mr. Clark has been with Brookfield and its predecessors since 1984 in various senior roles, including Chief Executive Officer of Brookfield Property Group, Brookfield Property Partners and Brookfield Office Properties. Under his leadership, the property group acquired Canary Wharf in London, expanded its investments to the multifamily, logistics and hotel sectors, and extended its geographic footprint beyond North America and Brazil to India and China.
As President and Chief Executive Officer of Brookfield Office Properties from 2002 to 2012, Mr. Clark spearheaded the repositioning of the company into a global office business with the acquisition of the Trizec Office Portfolio in the U.S., the Hammerson office portfolio in London in 2012, as well as 18 Class A office properties in Australia in 2010.
In 2009, Mr. Clark expanded Brookfield’s opportunistic investment business with the creation of a $5 billion real estate turnaround program tasked with investing in under-valued real estate companies and portfolios. This initiative led to Brookfield’s recapitalization of GGP in 2010. Following this, a $4.4 billion global real estate opportunity fund was launched in 2013 to acquire distressed real estate assets and portfolio turnaround or recapitalization opportunities.
Mr. Clark serves as a director on several of Brookfield’s real estate affiliate company boards, including chairman of Brookfield Property Partners, and board member of GGP and Canary Wharf. He serves on the executive committee of the Real Estate Board of New York and is on the board of directors of The Real Estate Roundtable, Alliance for Downtown New York, 9/11 Memorial Board and the Perelman Performing Arts Center at the World Trade Center. Mr. Clark also chairs the board of the National Eating Disorders Association.
Mr. Clark holds a Bachelor of Science in Business from the Indiana University of Pennsylvania.