Private Equity
Griffin-American Healthcare REIT IV, which is backed by American Healthcare Investors LLC and Griffin Capital Company LLC, has acquired Warrenton, Missouri-based Pinnacle Warrenton Assisted Living Facility, a 53-unit assisted living facility. The price of the acquisition was $8.1 million.
5 min read · 07 August 2018
Balfour Beatty Communities and Apex One Investment Partners have acquired Providence at Zephyr Ridge as part of a joint venture. No financial terms were disclosed. The Zephyrhills, Florida-based property, which will rebrand as Preserve at Zephyr Ridge, is comprised of 13 residential buildings.
3 min read · 06 August 2018
A joint venture of institutional investors led by Deutsche Finance America and BLG Capital has acquired more than 100,000 square feet of vacant office space at 685 Fifth Avenue, also known as the "Gucci Building. The seller was a public real estate investment trust. The joint venture raised $155 million in equity for the acquisition and development of the project and is seeking about $100 million in debt funding to fully capitalize it.
2 min read · 03 August 2018
Sterling Organization, a private equity real estate firm, has sold Orlando, Florida-based shopping mall Center of Winter Park to AEW Capital Management. The price of the transaction was $72.75 million.
2 min read · 03 August 2018
Cushman & Wakefield, the real estate firm, has debuted its IPO after pricing its 45 million shares at $17 per share. The stock began trading August 2, 2018 on the New York Stock Exchange under the ticker symbol "CWK." Morgan Stanley, J.P. Morgan, Goldman Sachs and UBS Investment Bank are among the IPO's underwriters. Cushman & Wakefield's pre-IPO backers include TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan.
3 min read · 02 August 2018
Community Fuel Investment Partners has acquired a "significant" stake in New York City-based EnergyWatch LLC, a provider of utility data analytics and reporting for multiple real estate markets. No financial terms were disclosed.
2 min read · 01 August 2018
Colony Industrial, the light industrial platform of Colony Capital Inc, has acquired two warehouse properties in Las Vegas. No financial terms were disclosed.
2 min read · 01 August 2018
The RMR Group is committing $100 million to launch the RMR Office Property Fund LP. The fund will focus on acquiring, owning and leasing a portfolio of U.S. office properties. The Portnoy Family Office is contributing $206 million of owned office properties to the fund.
4 min read · 01 August 2018
Griffin-American Healthcare REIT IV, which is backed by American Healthcare Investors and Griffin Capital Company LLC, has acquired an approximately 55,000-square-foot medical office building in Edmonds, Washington. The price of the transaction was $23.5 million.
5 min read · 31 July 2018
The Bascom Group LLC has acquired Los Angeles-based Island Apartments, a 78-unit apartment community. The price of the acquisition was $12.55 million.
3 min read · 31 July 2018
