Private Equity
Ashkenazy Acquisition Corp, a private real estate investment firm, has acquired London-based The Grosvenor House Hotel. No financial terms were disclosed. The iconic London hotel was built in the 1920s.
2 min read · 10 July 2017
Värde Partners and Mountain Real Estate Capital have sold Oakwood Homes, a home builder in Utah and Colorado. The buyer was Clayton Properties Group, a unit of Clayton Homes, which is backed by Berkshire Hathaway. No financial terms were disclosed. Moelis & Company represented Värde Partners and Mountain Real Estate Capital on the transaction.
2 min read · 06 July 2017
Apartment Investment and Management Company has acquired the remaining stake it didn't already own in three Palazzo properties for $451.5 million. The sellers were institutional investors advised by J.P. Morgan Asset Management. As a result of the acquisition, Aimco now owns 100 percent of the properties, which consist of three apartment home communities in Los Angeles.
2 min read · 06 July 2017
Boston-based Berkshire Group, a real estate investment management company, has bought Aviva Coral Gables, a luxury apartment community located in the Miami market. No financial terms were disclosed.
2 min read · 06 July 2017
A fund led by Greystar Real Estate Partners will acquire Monogram Residential Trust Inc, an operator and developer of luxury apartment communities, for a consideration of $12 per share or about $3 billion. The fund's other investors include APG Asset Management N.V., GIC, and Ivanhoe Cambridge. Morgan Stanley served as financial adviser to Monogram. Morrison & Foerster is representing Morgan Stanley on the deal.
2 min read · 05 July 2017
Stabilis Capital Management has closed its fifth fund at $525 million. Fund V's investors included TRB Advisors. Stabilis invests mostly in commercial real estate loans.
3 min read · 05 July 2017
GoldenTree Asset Management and GTIS Partners have formed GTIS Debt Capital Management, a new joint venture. GTIS Debt Capital Management will focus on real estate financing, providing loans between $20 million and $200 million. David Blum, managing director and portfolio manager of real estate credit at GTIS, will helm the platform.
3 min read · 05 July 2017
New York City-based The Praedium Group, a real estate investment firm, has acquired Austin, Texas-based Fox Hill Apartments and Orlando, Florida-based Park Place. No financial terms were disclosed for the purchase of the two multifamily communities.
3 min read · 05 July 2017
Jernigan Capital Inc has closed three new self-storage development projects at a total of $49.7 million. The investments were $26.5 million in a New York City-based proposed multi-story climate controlled facility; $9.1 million and $14.1 million in similar facilities in Knoxville, Tennessee and the greater Boston area, respectively.
3 min read · 05 July 2017
Canada Pension Plan Investment Board (CPPIB) said on Friday it would buy Parkway Inc, a real estate investment trust, in a deal valued at $1.2 billion.
1 min read · 30 June 2017
