Private Equity
SoftBank is urging WeWork to shelve its hotly anticipated IPO after it received a cool reception from investors, the Financial Times is reporting. We Co advisers were testing investor appetite at a valuation between $15 billion and $20 billion, far below the $47 billion given to SoftBank when it invested earlier this year, the FT said.
1 min read · 10 September 2019
Southern Land Company and GTIS Partners LP have acquired Las Vegas-based Auric Symphony Park, a multifamily development site. No financial terms were disclosed.
4 min read · 09 September 2019
Saw Mill Capital has acquired Houston-based DPIS Builder Services, a provider of outsourced engineering, inspection, energy efficiency, and quality assurance services to single-family homebuilders. No financial terms were disclosed.
2 min read · 06 September 2019
Admiral Capital Group has acquired Fourteen555, a Dallas-based office building. No financial terms were disclosed.
2 min read · 06 September 2019
Nitya Capital, Silverpeak and the Olayan Group have recapitalized five multifamily properties in Houston. No financial terms were disclosed.
2 min read · 06 September 2019
Hidden Harbor Capital Partners has acquired Dallas-based Wehner Multifamily LLC, a property management company. No financial terms were disclosed. Configure Partners served as financing adviser to Hidden Harbor with Robert W. Baird serving as buyside adviser.
3 min read · 05 September 2019
Irvine, California-based WNC, a provider of investment, asset management and development services in the affordable housing industry, has closed two low-income housing tax credit funds at a total of about $210 million. WNC Institutional Tax Credit Fund 47 LP raised $134.6 million while WNC Institutional Tax Credit Fund 10 California Series 17 LP raised $75.5 million.
2 min read · 05 September 2019
TerraCap Management LLC has acquired two eleven-story office buildings in Denver. The seller is a a joint venture between Bridge Investment Group Partners and DPC Companies. The purchase price was $71.71 million. Citizens Bank provided debt financing for TerraCap on the transaction.
2 min read · 04 September 2019
Ventas Inc, a healthcare real estate investment trust, has teamed up with Le Groupe Maurice, a Montreal-based builder and developer of retirement homes, to invest in a portfolio of apartment-like senior housing assets in Quebec. No financial terms were disclosed. The value of the portfolio is US$1.8 billion. Ventas' portfolio includes assets in the U.S., Canada and the UK. Ventas is headquartered in Chicago.
3 min read · 04 September 2019
Trinity Real Estate Investments LLC and Elliott Management Corporation have acquired Phoenix-based JW Marriott Desert Ridge Resort & Spa. No financial terms were disclosed.
4 min read · 03 September 2019
