Private Equity
GWL Realty Advisors has agreed to acquire Guggenheim Real Estate LLC, Guggenheim Investments' real estate private equity platform. No financial terms were disclosed. The CenterCap Group was the financial adviser to GWL Realty Advisors U.S. on the deal. As a result of the transaction, GRE will merge with EverWest Real Estate Investors, a Denver-based real estate investment management and operating business acquired by GWLRA U.S. in February 2018.
4 min read · 17 October 2018
Washington, D.C.-based Penzance, a real estate investment firm, has closed its inaugural real estate private equity fund at $255 million. Penzance DC Real Estate Fund LP's backers include institutional investors, endowments, foundations and family offices. No placement agent was used.
2 min read · 17 October 2018
Belveron Partners has raised $65.77 million for its fifth fund, according to an SEC filing. The target is $100 million. Based in San Francisco, Boston and New Jersey, Belveron Partners invests in affordable and workforce housing.
1 min read · 17 October 2018
KKR and Regal London, a UK developer, have acquired a new site in London that will become a mixed-use, residential-led development. No financial terms were disclosed. Work on the project is set to begin in 2019 and be completed in late 2021.
4 min read · 17 October 2018
Blackstone Real Estate Partners has acquired Maui, Hawaii-based The Ritz-Carlton, Kapalua, a oceanfront hotel. The seller was a joint venture among funds managed by Ares Management's real estate group, SMW Hospitality LLC (a joint venture between Square Mile Capital and Wafra Inc.) and Trinity Real Estate Investments LLC. No financial terms were disclosed.
4 min read · 17 October 2018
High Street Real Estate Partners and Eagle Four Real Estate Partners have acquired Sheraton Denver Downtown Hotel, a 1,231-room, full-service hotel in Denver. No financial terms were disclosed. The seller was a partnership operated by The Chartres Loding Group LLC. Holliday Fenoglio Fowler LP marketed the property on behalf of the seller.
4 min read · 16 October 2018
Dallas-based Reserve Capital Partners, a commercial real estate investment firm, has named Jacqueline Byrd as managing director of property management. Previously, she was vice president of property management for DCT Industrial Trust.
2 min read · 15 October 2018
Larson Capital has raised $17.9 million for its fifth fund, according to an updated SEC filing. No target was listed on the document. Based in St. Louis, Missouri, Larson Capital invests in commercial office and industrial buildings.
1 min read · 15 October 2018
Ardian and Prelios SGR have sold two office buildings in Milan to an unnamed investor. No financial terms were disclosed.
3 min read · 15 October 2018
Cerberus Capital Management LP has acquired a majority of BBVA's real estate business in Spain. No financial terms were disclosed. The real estate business is now known as Divarian. Cerberus will hold an 80 percent stake in Divarian while BBVA will hold the remaining 20 percent stake.
3 min read · 15 October 2018
