Private Equity
The Praedium Group has acquired Maitland, Florida-based The Adeline, a multifamily community. No financial terms were disclosed.
2 min read · 19 August 2019
Atlantic | Pacific Companies and Blue Arch Advisors have raised $140 million for its joint fund Blue Atlantic Partners III. The target is $300 million. The fund will focus on investing in existing multifamily communities in the Southern U.S. Blue Atlantic Partners III's investors include domestic and international institutions and high-net worth individuals.
3 min read · 19 August 2019
Harrison Street, an alternative real asset investment firm focused on the education, healthcare and storage sectors, has closed its seventh real estate fund at a hard cap of $1.3 billion, beating its $950 million target. Also, Harrison Street raised $302.5 million in co-investment vehicles to invest alongside Fund VII for a total of $1.6 billion of equity raised. Fund VII secured commitments from over 60 global institutional investors.
3 min read · 19 August 2019
Blokable, a developer of multifamily housing, has secured $23 million in Series A funding. Vulcan Capital led the round with participation from Building Ventures, Jason Calacanis' LAUNCH, Kapor Capital, Marc Benioff, Motley Fool Ventures, Ten Eighty Capital and Dennis Joyce.
1 min read · 19 August 2019
Henley Investments and Life House have acquired Lord Balfour Hotel, a Miami boutique hotel. Following a renovation, the hotel will be rebranded as Life House Ocean Drive.
4 min read · 15 August 2019
HN Capital Partners LLC has formed HN Green Hollow Capital Partners LLC, a joint venture with James G. Glasgow, Jr, an ex-partner at Five Mile Capital Partners and a team of former principals at Five Mile. HNGH is a a special situations opportunistic real estate manager
3 min read · 15 August 2019
New Standard Equities, a real estate investment and management company, has named Timothy Walters as chief investment officer. Previously, he worked at AvalonBay where he was responsible for the firm's investment activity in the West Coast markets.
2 min read · 14 August 2019
Brookfield Asset Management has offered to acquire Aveo Group Ltd, a Sydney, Australia-based retirement-home operator, for $859.4 million in cash, according to a report by Reuters.
1 min read · 14 August 2019
Toronto-based real estate technology provider Properly has raised C$22 million in Series A financing, consisting of C$12 million in equity and an initial C$10 million debt facility. The equity funding was led by U.S. venture capital firms Prudence Holdings and FJ Labs, with participation from Golden Ventures, AlleyCorp‘s Kevin Ryan and others. Properly is also backed by Inovia Capital, Loric Ventures and Max Ventures. Founded in 2018 by CEO Anshul Ruparell, COO Sheldon McCormick and CTO Craig Dunk, Properly uses machine learning to help homeowners discover what their home would sell for on the open market, with the option to sell directly to Properly.
3 min read · 13 August 2019
Bell Partners Inc has acquired Pompano Beach, Florida-based Overlook Pointe, an apartment community. No financial terms were disclosed. The property will be renamed Bell Lighthouse Pointe.
3 min read · 12 August 2019
