Private Equity
Law firm firm Fried, Frank, Harris, Shriver & Jacobson LLP has added Patrick M. Dowd as a partner in its New York-based corporate real estate transactions practice. Previously, Dowd worked at Simpson Thacher.
2 min read · 06 September 2017
Activist investor Land and Buildings, which owns about 2 percent in U.S. real estate investment trust RLJ Lodging Trust, urged the REIT to consider selling itself, Reuters reported.
1 min read · 06 September 2017
RDS Investments has acquired a Burbank, California-based 25,000-square-foot industrial building for $5 million. Following the transaction, RDS leased the property to Universal Hospital Services.
2 min read · 06 September 2017
HCAP Partners has recapitalized Summit Estates, a Reno, Nevada-based 116-unit senior living community consisting of 92 assisted living and 24 memory care units. No financial terms were disclosed.
3 min read · 06 September 2017
Bridge Office Fund Manager, an affiliate of Bridge Investment Group, has acquired 1900-2000 Alameda de las Pulgas, a three-building, office campus in San Mateo, California. The seller was BRE Alameda Property. No financial terms were disclosed for the acquisition; however, Bridge does plan on investing more than $7.6 million to renovate the property that will be renamed.
4 min read · 05 September 2017
Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores, Reuters reported.
2 min read · 05 September 2017
Jernigan Capital Inc has invested $9 million in an Orlando, Florida-based proposed multi-story climate-controlled 779-unit facility. Construction is expected to begin in January 2018 and will be finished in the first quarter of 2019. Dean Road Self Storage and Cassaforte LLC are the project's developers.
2 min read · 31 August 2017
Real estate private equity firm Elevation Financial Group has sold Serenity Apartments, a 152-unit multifamily community in Spartanburg, South Carolina. The purchase price was $7.05 million. The buyer was not identified. Capstone Apartment Advisors brokered the deal.
2 min read · 29 August 2017
Noble Investment Group has acquired Home2 Suites by Hilton Rock Hill | Charlotte, an extended stay hotel. No financial terms were disclosed.
2 min read · 29 August 2017
BGL Real Estate Partners, a unit of middle-market investment bank Brown Gibbons Lang & Company, has opened an office in San Diego. Joshua D.H. Rees is joining the office as an associate in the national healthcare real estate group.
3 min read · 29 August 2017
