Private Equity
Starwood Capital Group and Scius Partners have agreed to sell a portfolio of 51 properties in Sweden to Hemfosa, a Swedish real estate company. The value of the deal is about SEK 3.6 billion. The deal is expected to close in September 2018. Pangea Property Partners KB is serving as financial and M&A adviser to Starwood on the transaction.
3 min read · 09 July 2018
MGM Growth Properties LLC has closed its previously announced acquisition of Hard Rock Rocksino Northfield Park, a gaming facility in Northfield, Ohio, for about $1.06 billion. The seller was Milstein Entertainment LLC.
2 min read · 09 July 2018
Four Springs Capital Markets, a financial services firm focused on commercial real estate investment products, has named Eric Paul as president. Previously, Paul was the vice president of marketing for Spencer Trask Ventures.
3 min read · 09 July 2018
Henley Tower 16, a joint venture between Henley USA and Tower 16 Capital Partners, has acquired a multi-family community in Las Vegas. No financial terms were included. Included in the transaction are 512 one-, two- and three-bedroom town homes. Pinnacle, a property management firm, will manage the community.
2 min read · 06 July 2018
Fibra Marquarie, an owner of industrial and retail property in Mexico, has sold 35 non-strategic industrial assets for $80 million. The buyer has not been identified. The transaction includes properties located in Mexico’s northern markets of Matamoros, Reynosa, Ciudad Juarez, Chihuahua, Mexicali and Tijuana.
3 min read · 06 July 2018
Griffin-American Healthcare REIT IV Inc, which is backed by American Healthcare Investors LLC and Griffin Capital Company has acquired Texas-based Pinnacle Beaumont Assisted Living Facility. The price of the acquisition was $19.5 million.
4 min read · 05 July 2018
San Francisco-based Starcity, which converts underutilized multi-family, hotel, and office buildings to residential co-living properties, has secured $1 million in funding. The investor was Prophit Investments. The capital infusion will enable Starcity to develop a new community at 1854 McAllister Street in the NOPA neighborhood of San Francisco.
4 min read · 03 July 2018
New Residential Investment Corp. has closed its previously announced acquisition of New York City-based Shellpoint Partners LLC, a mortgage platform. No financial terms were disclosed; however, an earlier report pegged the price of the transaction at $190 million.
3 min read · 03 July 2018
Starwood Capital Group has agreed to acquire Austrian real estate company CA Immo. No financial terms were disclosed. The deal is expected to close in the third quarter of this year. UBS, Schoenherr Rechtsanwaelte and Cushman & Wakefield advised Starwood Capital on the transaction.
2 min read · 02 July 2018
Dalzell Capital has acquired Philadelphia-based Waverly Court, a mixed-use property. The price of the acquisition was $21 million.
3 min read · 29 June 2018
