Private Equity
LYND has acquired 11 Texas multifamily properties. No financial terms were disclosed for the transaction that was done in partnership with an unnamed private equity firm. Most of the assets are based in Dallas with the remainder in Houston, Midland, Odessa and El Paso.
2 min read · 09 June 2017
Ten Capital Management has acquired Chester County, Pennsylvania-based Valley Creek Corporate Center, an office complex. The seller was CS Capital Management Inc. No financial terms were disclosed.
2 min read · 09 June 2017
Blackstone Group (BX.N), has closed a 7.8 billion-euro ($8.79 billion) fund that will focus on European commercial real estate, a source told Reuters.
1 min read · 08 June 2017
MedProperties Holdings and Cypress West have acquired the Bakersfield, California-based Riverwalk Medical Plaza. No financial terms were disclosed. The property is 94 percent leased with tenants that include Dignity Health, Quest Diagnostics, Children’s Hospital of Los Angeles and GEM Physicians Medical Group. Capital One arranged debt financing for the acquisition.
3 min read · 07 June 2017
New York City-based Abacus Capital Group has raised $123 million for its fourth multifamily real estate fund, according to an SEC filing. The target is $500 million.
1 min read · 07 June 2017
BNY Mellon's CenterSquare Investment Management and Foundry Commercial has sold Richardson, Texas-based 2280 N. Greenville Ave, an office complex. The buyer was not identified. No financial terms were disclosed.
4 min read · 06 June 2017
Marcus Partners has acquired Horticultural Hall, a mixed-use property located in Boston's Back Bay. No financial terms were disclosed.
3 min read · 06 June 2017
GI Partners said June 5 that it agreed to sell its Waypoint portfolio of 3,106 single family rental properties to Colony Starwood Homes for about $815 million. The deal is expected to close in third quarter. GI invested in Waypoint Real Estate Group, which renovates, leases, and manages SFR assets in select markets across the United States, in 2011.
3 min read · 06 June 2017
U.S. homebuilder D.R. Horton Inc (DHI.N) said on Monday it had offered to buy 75 percent of real estate development company Forestar Group Inc (FOR.N) for about $520 million.
1 min read · 05 June 2017
Century Bridge Capital has sold its stake in a $122 million, 840-unit residential development in Ningbo, China. In March 2016, the private equity firm made its investment in the project as part of a joint venture with Hong Kong developer Jingrui Holdings.
2 min read · 05 June 2017
