Forest City Enterprises, Inc. (Forest City) is engaged in the ownership, development, management and acquisition of commercial and residential real estate and land in 28 states and the District of Columbia. The Company operates in five segments: Commercial Group, Residential Group, Land Development Group, The New Jersey Nets (The Nets) and Corporate Activities. The Company�s core markets include Boston, Chicago, Dallas, Denver, Los Angeles, New York, Philadelphia, the Greater San Francisco metropolitan area, and the Greater Washington District of Columbia metropolitan area. During the fiscal year ended January 31, 2012 (fiscal 2011), the Company sold Waterfront Station-East 4th & West 4th Buildings; Charleston Marriott hotel in Charleston; Ritz-Carlton hotel in Cleveland, Ohio; its 50% interest in Metropolitan Lofts, a 264 unit apartment community in Los Angeles, California. In March 2012, the Company closed Quebec Square, a retail power center in Denver, to Quebec Square, CMH, LLC.