Forest City Realty Trust Inc. has completed the restructuring of Greenland Forest City Partners, the company's joint venture with Greenland USA that is developing Pacific Park Brooklyn, a 22-acre mixed-use development in Brooklyn. The restructuring takes Forest City's interest in the venture from 30 percent to 5 percent, while increasing Greenland USA's ownership interest to 95 percent. With the move, which began at the beginning of the year, Greenland USA will assume primary responsibility for the remaining development work at Pacific Park. The restructuring does not impact three projects previously developed and completed by the joint venture: 38 Sixth Avenue, 535 Carlton and 550 Vanderbilt. Forest City also announced that Madison International Realty has closed the acquisition of Forest City's partner's 49 percent interest in DKLB BKLN, a 365-unit apartment community located at 80 DeKalb Avenue in Brooklyn. Forest City, which owns the remaining 51 percent interest, developed the property in partnership with a comingled fund managed by National Real Estate Advisors, LLC. The transaction values National's share of the property at $93.5 million, including assumption of debt. The New York City metro area is Forest City's largest core market by net operating income. In addition to DKLB BKLN, the regional portfolio includes the 11-building MetroTech Center office campus in Brooklyn, the New York Times Building and New York by Gehry in Manhattan, and the Tata Innovation Center at Cornell Tech on Roosevelt Island, among other properties.