Private Equity
Greystar Real Estate Partners has acquired Hoboken, New Jersey-based Observer Park, a 115-unit multifamily property. The purchase price was $70.3 million.
3 min read · 02 November 2017
Donahue Schriber Realty Group, a real estate investment trust, has secured $200 million in equity funding. The investors were JP Morgan Asset Management and New York State Teacher's Retirement System. The capital infusion will be used to acquire and redevelop grocery-anchored shopping malls in "high-barrier to entry markets" from San Diego to Seattle.
2 min read · 01 November 2017
H.I.G. Capital LLC has made two separate real estate investments: a Paris-based office property and a retail park in Italy. No financial terms were disclosed.
2 min read · 01 November 2017
Arch Street Capital Advisors LLC has acquired the Oakdale, Minnesota-based headquarters of Total Logistics, a third-party logistics and supply management company. The deal is part of Arch Street's $300 million joint venture with Brennan Investment Group.
2 min read · 01 November 2017
Bascom Arizona Ventures and Pacific Life Insurance Company have acquired two Scottsdale, Arizona luxury apartment communities for $148 million. Quadrant Real Estate Advisors LLC provided debt financing while James Reed of Lincoln Group of Companies advised the buyer and seller on the deals. Arizona-based Alliance Residential will serve as property manager.
3 min read · 01 November 2017
Kayne Anderson Real Estate Advisors, the real estate private equity unit of Kayne Anderson Capital Advisors LP, has acquired Brooklyn-based The Towers, a 16-story-building. No financial terms were disclosed. The Towers will be renamed The Watermark at Brooklyn Heights.
3 min read · 01 November 2017
Blackstone has acquired a 4-million-square-foot portfolio of warehouses, distribution centers and other industrial property for $500 million, the Wall Street Journal is reporting. Principal Real Estate Investors, the real estate investment arm of Des Moines, Iowa-based Principal Financial Group, is the seller, the story said.
1 min read · 01 November 2017
Jernigan Capital Inc has invested $14.7 million in a proposed North Bergen, New Jersey-based climate-controlled self-storage project. Construction is expected to begin within thirty days and to be completed in the first quarter of 2019. Atlanta-based Mequity LLC is the developer of the proposed project.
2 min read · 31 October 2017
Cabin Creek Properties, a new real estate investment firm formed by Crimson Ventures and Sabot Ventures, has acquired a Nashville-based office building. No financial terms were disclosed. Bank of America, Eakin Partners, Waterford Law Group and Milan Insurance Partners were among the advisers on this deal.
2 min read · 31 October 2017
Ardian has agreed to acquire a majority stake in the Babeau-Seguin Group, a French builder of single-family detached houses. The sellers include NiXEN. No financial terms were disclosed.
3 min read · 30 October 2017
