Private Equity
South Street Partners, a private equity real estate investment firm, has acquired The Cliffs, a collection of seven private, luxury residential mountain and lake club communities located in the Carolina Blue Ridge Mountains. The seller was Arendale Holdings LLC. No financial terms were disclosed.
3 min read · 04 March 2019
Harrison Street Real Estate Capital have sold eight senior housing living communities to Bridge Investment Group. The properties were developed in partnership with Dominion Partners. No financial terms were disclosed.
2 min read · 04 March 2019
Bascom Arizona Ventures, a subsidiary of The Bascom Group, has acquired the Tempo at McClintock Station Apartments, a multifamily property. The seller was P7 McClintock Station Owner LLC. The price of the acquisition was $89.2 million.
3 min read · 04 March 2019
MedCore Partners, SunTrust Bank and Trinity Private Equity Group have acquired an assisted living and memory care portfolio in Arizona and Utah. The total cost was about $98 million. Among the assets in the portfolio are Caliche Senior Living in Casa Grande, Arizona and Summit Senior Living in Kearns, Utah. At the closing of the deal, Watermark Retirement Communities assumed management of all the properties in the portfolio.
2 min read · 26 February 2019
Silverpeak, Legacy Investing LLC and Oaktree Capital Management LP have acquired a portfolio of data center campuses in Cleveland and Cincinnati. No financial terms were disclosed.
3 min read · 25 February 2019
LaSalle Investment Management has acquired Rienzi at Turtle Creek, an apartment community in Dallas. No financial terms were disclosed.
3 min read · 25 February 2019
Colony Industrial said Feb. 25 that it sold a light industrial portfolio to Nuveen Real Estate, a division of TIAA, for $136 million. The warehouse portfolio totals 2.3 million square feet and is located in four markets, including eighteen buildings in Atlanta, five buildings in Dallas, five buildings in Houston and six buildings in PA/NJ.
2 min read · 25 February 2019
Summit Park has recapitalized Cleveland-based Exacta, a provider of land surveys and field management services for residential and commercial real estate deals. No financial terms were disclosed. Stellus Capital Management LLC provided the debt financing for the transaction.
2 min read · 21 February 2019
MG Capital, a real estate investment firm focused on Manhattan luxury residential properties, has named Meera Chandramouli as director and senior counsel. She joins MG Capital from Arent Fox LLP where she worked on white collar investigations and commercial litigation.
3 min read · 20 February 2019
Charlotte, North Carolina-based Mount Vernon Partners, a real estate investment firm, has launched a $100 million real estate fund. MVP I will acquire and manage a portfolio of properties in and around the Carolinas.
2 min read · 20 February 2019
