Private Equity
Chatham Lodging Trust, a hotel real estate investment trust, has acquired the new Courtyard by Marriott Downtown Dallas, Texas. The price of the transaction was $49 million. Island Hospitality Management will manage the hotel.
3 min read · 06 December 2018
Prudent Growth Partners, a private equity real estate firm, has acquired two adjoining apartment communities in Greenville, North Carolina. The price of the acquisition was $7.25 million.
2 min read · 05 December 2018
Honest Buildings, a capital planning and project management platform for real estate owners, has named Lisa Picard to its board of directors. Picard is the president and CEO of EQ Office, which is backed by Blackstone.
3 min read · 04 December 2018
GI Partners has acquired 5625 Fishers Lane and 12735 Twinbrook Parkway in Rockville, Maryland. The properties were developed in 2004 for the National Institutes of Health. No financial terms were disclosed.
2 min read · 04 December 2018
Greystar Real Estate Partners has acquired a three-property 845-unit multifamily portfolio in Phoenix’s East Valley region. No financial terms were disclosed.
3 min read · 03 December 2018
Heitman, a real estate investment management, has acquired several Dutch properties: a luxury senior living residence in Groningen, The Netherlands; and a two-building residential portfolio located in Amsterdam. The total price of the transactions was about 150 million euros.
2 min read · 03 December 2018
The Praedium Group has acquired Jacksonville, Florida-based The Point at Town Center, an apartment property. No financial terms were disclosed.
2 min read · 03 December 2018
TMG Partners and KKR have acquired Oakland California-based 1221 City Center, an office building. No financial terms were disclosed. Current property tenants include Clorox, Union Bank, Stanford Health Care, Wells Fargo Bank and Parsons Brinkerhoff.
3 min read · 03 December 2018
New York City-based SL Green Realty Corp, a real estate investment trust, has recapitalized 2 Herald Square, a Manhattan office and retail property, for $150 million. Also, SL Green has sold a 49 percent interest stake in the property to an unnamed Israeli institutional investor.
3 min read · 03 December 2018
SL Green Realty Corp, a New York City-based real estate investment trust, has agreed to acquire a majority stake in 460 West 34th Street, a Manhattan office building. The price of the acquisition is $440 million. The deal is expected to close in the first half of 2019.
3 min read · 03 December 2018
