Real Estate

GIC and Oak Street completes REIT STORE Capital buyout for $15bn

Evercore and Goldman Sachs & Co. LLC acted as financial advisors to STORE Capital.

KSL Capital acquires five California Martin Resorts' hotels

The portfolio includes Avila Lighthouse Suites in Avila Beach; Pismo Lighthouse Suites and Shore Cliff Hotel in Pismo Beach; and Paso Robles Inn and The Piccolo in Paso Robles.

Providence Equity Partners acquires lease for Times Square billboards

According to terms of the deal, OUTFRONT Media Inc, a portfolio company of Providence, and out-of-home media company, will operate the billboards on Providence’s behalf.

Prudent Growth Partners buys Georgia shopping mall River Pointe Commons

The purchase was for $4.85 million.

CHP and Harbert US Real Estate acquire 31 Chicago industrial assets and 2 land sites for over $100m

Steve Roth and Scott Lewis of CBRE Capital Markets facilitated financing for the portfolio.

Bascom buys Houston apartment property Montierra

The acquisition marks Bascom's fifth Houston acquisition the past two years.

Gray Capital acquires Indiana luxury multifamily property Sycamore Terrace Apartments

Sycamore Terrace is the third property acquired within Gray Capital's $100 million multifamily investment fund, The Gray Fund.

Blackstone to sell its stake in MGM Grand and Mandalay Bay to VICI for $1.27bn

As a result of this sale, VICI will assume complete ownership of the two properties.

Northwood Investors acquires Nashville property Fifth + Broadawy

The seller is a Brookfield Properties subsidiary.