Private Equity
GMF Capital and Argo Partners have acquired Place at 117, a student housing property based in Savoy, Illinois. No financial terms were disclosed.
2 min read · 01 April 2019
Carmel Partners, a real estate investment management firm, has hired Andy Sands as managing partner, head of asset management and portfolio strategy, and Matt Golden as a partner in the newly created role of general counsel. Also, Carmel has made four senior-level promotions. Dennis Markus has become a senior managing partner while Trey Hilberg, Liz Tennican and Kim Hoeksema are now partners.
3 min read · 01 April 2019
Worley Claims Services LLC has acquired Alacrity Renovation Services, a provider of managed home and commercial property repair and emergency services to insurance carriers, financial institutions, property asset management firms and the real estate market. The seller was Lowe's Companies Inc. No financial terms were disclosed. Worley is backed by Aquiline Capital Partners.
3 min read · 29 March 2019
Ten Capital Management, a real estate management firm, has acquired Plymouth, Minnesota-based Atria Corporate Center. No financial terms were disclosed. Atria is a property that offers a variety of amenities that includes food service, a complimentary coffee bar, fitness center, a locker room with showers, training center and underground heated parking.
3 min read · 27 March 2019
Thomas Prins, a principal of TQP Capital Partners, has joined Hostmark Hospitality Group as a minority partner. Prins will be responsible for new business development on behalf of Hostmark and TQP Capital Partners. Financial terms weren’t announced. Hostmark manages full-service, select-service, resort and independent properties worldwide.
3 min read · 18 March 2019
Imperial Fund I has raised $42 million, according to an SEC filing. The target is $100 million. Based in Hollywood, Florida. Imperial is a mortgage investment fund.
1 min read · 15 March 2019
The Praedium Group has sold Dallas-based Legends at Chase Oaks, a property that consists of 32 two-story buildings with a majority of the units having direct access garages. No financial terms were disclosed.
2 min read · 14 March 2019
A joint venture between Ares Management Corp and EDF Invest has acquired the IKB office building from IKB Deutsche Industriebank. Financial terms weren’t announced. The property, located in Düsseldorf, Germany, comprises approximately 58,500 square meters of gross leasable area.
2 min read · 14 March 2019
JCR Capital has raised $10 million for its inaugural real estate finance fund, according to an SEC filing. No target was listed in the document.
1 min read · 13 March 2019
CanAm Capital Partners, an affiliate of CanAm Enteprises, has invested $4 million in developing The Civic, a Philadelphia-mixed use property. CACP partnered up with the Philadelphia Industrial Development Corporation on the investment.
2 min read · 12 March 2019
