Private Equity
Madison Marquette and GFH Financial Group have acquired six senior living communities in California, Washington and Michigan. No financial terms were disclosed.
3 min read · 23 July 2019
Kohlberg & Co has put Interstate Hotels & Resorts Inc on the block in a deal that could fetch $1 billion, Bloomberg said. Kohlberg has hired bankers to seek buyers for the for the third-party hotel management company, the story said.
1 min read · 22 July 2019
Long Ridge Equity Partners has made a "significant" investment in Neighborhoods.com LLC, a provider of specialized online real estate marketplaces. No financial terms were disclosed.
2 min read · 19 July 2019
Pacific Oak Capital LLC, a backer of commercial real estate-focused alternative investments programs, has named Michael Bender as chief financial officer. Bender's work background include roles at Spirit Realty Capital Inc and Kamal Osman Jamjoom LLC.
2 min read · 18 July 2019
SKW Funding and Bain Capital Credit LP said July 16 that they have formed a joint venture to target sub- and non-performing notes. The J.V. is seeking $500 million of acquisitions over the next two-and-a-half years. The J.V. has acquired a $27 million portfolio of four non-performing notes secured by 652 garden-style apartment units in San Antonio, Texas.
3 min read · 17 July 2019
Canyon Partners Real Estate LLC has provided $10.9 million to Griffin Living to finance the construction of a senior living facility based near Westlake Village, California. The project will include 58 assisted living units and 28 memory care units.
3 min read · 16 July 2019
Madison Realty Capital will provide $314 million in construction financing for the Raffles Boston Back Bay Hotel & Residences while Cain International will provide most of the equity. Riaz Cassum and Anthony Cutone of JLL arranged for both the equity and debt financing from Cain International and Madison Realty Capital.
4 min read · 16 July 2019
Gen II Fund Services LLC has agreed to buy Quilvest Luxembourg Services SA from Quilvest Private Equity. Financial terms weren’t announced. Quilvest Luxembourg Services provides private equity/real estate administration services and support for over $5 billion of assets.
3 min read · 16 July 2019
Financial services firm Barings has named John Ockerbloom as head of U.S. real estate equity for Barings Alternative Investments. Previously, Ockerbloom worked at Jefferies LLC.
3 min read · 15 July 2019
Equistone has agreed to acquire UK-based FirstPort, a residential property management company. The sellers are Epiris and Chamonix Private Equity. No financial terms were disclosed.
2 min read · 12 July 2019
