The company would like to sell its U.S. malls at a 30 percent discount to their 2021 valuations. Analysts say that may be unrealistic.

Very strong demand and reduced supply have resulted in all-time peak pricing.

The new publicly-traded entity will control Brookfield’s fee-generating assets, such as real estate, infrastructure, credit, private equity and renewable energy.

Included are more than 2,000 new-build homes operated by Kairos Living and about 1,000 homes in contract.

The proposal values Duke at $61.68 a share, a 29 percent premium to its closing price on May 9, according to a letter from Prologis CEO Hamid Moghadam.