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History<p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Forest City was founded in 1920 after the Ratowczer (later changed to Ratner) family emigrated to the U.S. from Poland. Through hard work and good fortune, the family building materials business – started by four siblings, Charles, Max, Leonard and Fannye Ratner – grew and expanded beyond the founders' wildest dreams. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">The company originally sold building materials to contractors, eventually expanding into retail. In the 1930s, the company purchased its initial lots for community development and bought its first apartment building. Forest City built prefabricated apartment housing in the 1940s, while also developing its first strip shopping malls.</p><p> </p><h2 style="color:#478299;font-family:ff-tisa-web-pro, sans-serif;font-size:2rem;font-style:italic;">Publicly traded in 1960</h2><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Forest City continued to grow as the company went public in 1960, initially offering 450,000 shares over the counter and joining the American Stock Exchange a few months later and eventually moving to the New York Stock Exchange, where our shares are traded today.</p><p> </p><h2 style="color:#478299;font-family:ff-tisa-web-pro, sans-serif;font-size:2rem;font-style:italic;">Exceptional properties created</h2><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">The 1960s, 70s and 80s saw the company's real estate footprint expand from the Midwest to California and New York as it became known for dynamic urban development. The company would exit the retail and lumber businesses to focus on the ownership, management and development of real estate.</p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">In the 90s and 2000s, Forest City launched some of its most well-known projects, including the world-renowned Stapleton community in Denver, The New York Times Building in Manhattan, University Park at MIT near Boston, and Victoria Gardens in California.</p><p> </p><h2 style="color:#478299;font-family:ff-tisa-web-pro, sans-serif;font-size:2rem;font-style:italic;">Strategically focused REIT in 2016</h2><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Today, Forest City is strategically focused on creating value for all stakeholders, including residents, customers, partners, associates, shareholders and communities. On January 1, 2016, the company completed conversion to real estate investment trust status. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">As a REIT, we set ourselves apart by:</p><ul><li><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Exceptional retail, office, apartment and mixed-use operating assets</p></li><li><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Core markets focused on vibrant urban environments</p></li><li><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Transformational development and place-making strength</p></li></ul> <p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">As many at Forest City are proud to say, "we stand on the shoulders of giants," meaning the men and women who built the company from the ground up. Our talented and committed associates continue that legacy today.</p>HistoryHistory0Generic Page Content Text0