Private Equity
ElmTree Funds LLC said Jan. 9 that Rick Eiseman has joined the firm as senior vice president of operations and fund management. Eiseman was a senior vice president of asset management for Gramercy Property Trust’s office portfolio from 2016 to 2018.
3 min read · 09 January 2019
Los Angeles-based Pircher, Nichols & Meeks LLP, a real estate law firm, has formed an institutional lending group. The group will focus on serving lenders in connection with commercial real estate loans that may be securitized, sold or syndicated in the secondary market, as well as balance sheet loans.
3 min read · 07 January 2019
The Praedium Group, a real estate investment firm, has acquired North Arlington, Texas-based Arlington Commons, a multi-family community. No financial terms were disclosed.
3 min read · 07 January 2019
A Gencom-led partnership has acquired Florida-based The Beachcomber Beach Resort and Hotel and The Grand Plaza Beach Hotel & Beach Resort. The purchase price was $100 million. The partnership will commit an additional $24 million for renovations to upgrade and rebrand the two hotels.
4 min read · 03 January 2019
VICI Properties, a real estate investment trust, has acquired the land and real estate assets of the Margaritaville Resort Casino in Bossier City, Louisiana. The price of the transaction is about $261 million in cash. Also, Penn National Gaming Inc has acquired the operating assets of the Margaritaville Resort Casino for approximately $115 million in cash.
4 min read · 02 January 2019
LaSalle Investment Management has acquired Phoenix-based San Melia, a 488-unit luxury multifamily community. No financial terms were disclosed.
3 min read · 31 December 2018
Four Mile Capital, MLG Capital and BH Equities have acquired West Des Moines, Iowa-based Aspire Townhomes for $40.25 million. The property includes twenty-six buildings and a clubhouse.
3 min read · 31 December 2018
CIM Group and Golub & Company have acquired 444 N. Michigan, a Chicago-based office building. No financial terms were disclosed.
3 min read · 27 December 2018
Oxford Living LLC, a Canadian senior housing platform, has launched with the acquisition of nine mid-market retirement communities. The deal is valued at C$100 million. Oxford Capital Group, a real estate private equity firm, partnered in the consolidation and platform launch with Starr Insurance Holdings, an insurance and investment firm. The nine communities acquired, all located in Ontario, feature 648 suites.
4 min read · 21 December 2018
Noble Investment Group has acquired the Denver, Colorado-based Residence Inn by Marriott Denver City Center, a 228-suite hotel. No financial terms were disclosed.
2 min read · 20 December 2018
