Real Estate

Clever Real Estate nets $1 mln in Cultivation Capital-led round

St. Louis-based Clever Real Estate, a developer of a platform that connects home sellers with local real estate agents, has raised $1 million in funding. Cultivation Capital led the round.

Atlas sells Erickson Construction for $106 mln

Atlas Holdings has sold Erickson Construction to Asahi Kasei Homes for $106 million. B. Riley FBR served as financial adviser to Erickson Construction on the transaction. Based in Chandler, Arizona, Erickson is a provider of residential framing products and services to homebuilders in Arizona, California and Nevada.

Kennedy Wilson exits Bay Village Apartments

Kennedy Wilson, a real estate investment firm, has sold Vallejo, California-based Bay Village Apartments. The buyer was not specified. No financial terms were disclosed. In 2010, Kennedy Wilson acquired a 50 percent ownership stake in the property that was acquired with a joint-venture partner.

H.I.G. invests in German wellness hotel

H.I.G. Capital LLC has made an investment in a BollAnts Spa im Park, a German wellness hotel. No financial terms were disclosed.

Greystar buys Phoenix apartment property

Greystar Real Estate Partners has acquired Crescent Highland, a 349-unit apartment property in Phoenix, Arizona. No financial terms were disclosed.

Round Hill and Cortland invest in Atlanta apartment property

Round Hill Capital and Cortland have invested in The Exchange at North Haven, a suburban apartment community based in Atlanta. No financial terms were disclosed.

Investcorp buys six multifamily properties for $311 mln

Investcorp has acquired six new multifamily properties for $311 million. The properties are based in Tampa, Florida; Houston, Texas; and Salt Lake City, Utah.

H.I.G. and Brazilian homebuilder Tecnisa form joint venture

H.I.G. Capital has teamed up with Brazilian homebuilder Tecnisa S.A. to form a joint venture that will focus on developing for-sale residential projects in Brazil. No financial terms were disclosed. The JV will initially concentrate on projects in the city of São Paulo, Brazil.

Excel Group buys Residence Inn by Marriott Wilmington Downtown

Excel Group has acquired Residence Inn by Marriott Wilmington Downtown in Wilmington, Delaware. No financial terms were disclosed.

Greystar and Rockpoint to sell University View for $235 mln

Greystar Real Estate Partners and Rockpoint Group have agreed to sell University View, a student housing community near the University of Maryland. The price of the sale is $235 million. The buyer was not named.