Private Equity
Excel Group has acquired Springfield, Virginia-based hotel Courtyard by Marriott Springfield. No financial terms were disclosed.
1 min read · 17 June 2019
MG Capital, a real estate private equity investment manager specializing in Manhattan luxury residential properties, has named Joanna Koutsos as group chief operating officer. Prior to joining MG Capital, she was an executive director in operational risk at JPMorgan Chase.
3 min read · 17 June 2019
The Praedium Group has acquired South Tempe, Arizona-based Harper, a multifamily community. No financial terms were disclosed.
3 min read · 17 June 2019
FCP has acquired Center City Philadelphia-based Edgewater, a luxury high-rise apartment community, from institutional investors advised by J.P. Morgan Asset Management. The purchase price was $117.9 million.
3 min read · 14 June 2019
Brasa Capital has closed its debut real estate fund at $120 million, beating its $100 million target. Brasa Capital focuses on middle-market commercial real estate opportunities throughout the Western U.S. and Texas.
2 min read · 12 June 2019
Hunter Street Partners has teamed up with Bridges MN, a Minnesota-based provider of services and housing options to individuals with disabilities, to buy single- and multi-family residential properties. No financial terms were disclosed.
2 min read · 12 June 2019
San Francisco-based ZeroDown, a real estate startup, has secured $30 million in funding. The investors included Goodwater Capital and Sam Altman.
3 min read · 11 June 2019
LMC, a subsidiary of Lennar Corporation, has closed its second multifamily fund at $1.3 billion. Lennar Multifamily Venture II targets multifamily communities in the top U.S. metropolitan markets. Macquarie Capital was financial adviser and placement agent for LMC.
4 min read · 11 June 2019
Vario Equity and Compass Properties has acquired two office buildings located in Madison, Wisconsin's American Center Business Park from American Family Insurance. The purchase price was about $19 million.
2 min read · 11 June 2019
DJE Texas Management Group has acquired Texas-based Autumn Brook, an apartment community. No financial terms were disclosed.
1 min read · 11 June 2019
