In May, a few months after its conversion to a real estate investment trust, Forest City Enterprises briefed investors on moves it had taken to strengthen its balance sheet. Its presentation was titled, “Forest City: A New REIT 95 Years in the Making.” And while Bruce Ratner, the scion who founded local division Forest City Ratner in the 1980s and ran it up until three years ago, didn’t quite put it in terms of centuries, … [more]