Private Equity
Larson Capital has raised $6.3 million for its fifth fund, according to an SEC filing. The St. Louis, Missouri-based private equity firm invests in real estate with a focus on commercial office and industrial properties.
1 min read · 05 October 2017
Waterton and Walton Street Capital have acquired a Washington, DC-based, 356-room hotel The Madison, formerly known as Loews Madison. No financial terms were disclosed. The hotel, which is a half mile north of the White House, will be managed by Hilton Hotels & Resorts.
3 min read · 04 October 2017
Berkshire Group has acquired a 177-unit, six-story mid-rise core property located in the Koreatown neighborhood of Los Angeles. The property has been renamed Berkshire K2LA. No financial terms were disclosed.
2 min read · 04 October 2017
Pisula Development and Harrison Street Real Estate have acquired two Philadelphia-based medical office buildings that total 86,639 square feet. No financial terms were disclosed. Thomas Jefferson University Hospital currently leases about 47 percent of the acquired properties.
3 min read · 04 October 2017
BGL Real Estate Partners, a unit of Brown Gibbons Lang & Company, has sold its RiverBend Medical Group Portfolio to an unnamed private equity healthcare real estate firm. No financial terms were disclosed. The portfolio includes three medical buildings in Massachusetts. BGLREP's national healthcare real estate group advised BGLREP on the transaction.
3 min read · 04 October 2017
MG Properties Group has acquired Redmond, Washington-based Redmond Ridge, a 321-unit senior community property. The acquisition was financed with a $53,250,000 loan arranged by Robert Prouty and Brooks Benjamin at KeyBank.
2 min read · 03 October 2017
Praxis Capital Inc has acquired Tampa, Florida-based Class B Villages, a 232-unit property. No financial terms were disclosed.
2 min read · 03 October 2017
Bascom Arizona Ventures has acquired three apartment communities located in Tucson and Sierra Vista, Arizona for $70,225,000. Bascom Arizona Ventures assumed the existing HUD loans for all three properties. Hamid Panahi of Marcus & Millichap represented the buyer and seller in the transaction.
3 min read · 03 October 2017
QIC has acquired additional interests in 10 U.S. regional malls from Forest City Enteprises. The transaction was done on behalf of a "major Australian client" of QIC. Among the malls affected in the deal are The Shops at Northfield Stapleton in Denver, Colorado; Westchester's Ridge Hill in Yonkers, New York and The Shops at Wiregrass in Tampa, Florida. According to the announcement of the acquisition, the portfolio is valued at about $3.175 billion.
3 min read · 03 October 2017
Jernigan Capital Inc has invested $9.9 million in a Louisville, Kentucky-based proposed self-storage facility. Construction is expected to begin immediately and be completed in the fourth quarter of 2018. Storage Development Partners is serving as developer of the proposed project.
2 min read · 02 October 2017
