Private Equity
Dallas-based Banner Oak Capital Partners, a real estate investment management firm, has raised $800 million for two funds Banner Oak Operating Company Fund and Banner Oak Investment Fund. The capital will be used to fund real estate operating platforms.
3 min read · 20 June 2018
Harbor Associates LLC and Ascentris have acquired Rancho Bernardo, California-based The Pinnacle, a five-story office building. No financial terms were disclosed. Davis Partners will provide property management services.
2 min read · 20 June 2018
The Bascom Group LLC has acquired Anaheim Hills, California-based Sleepy Hollow Apartments, an apartment community. The price of the acquisition was $7.54 million. Manufacturers Bank worked with Bascom on the debt financing.
3 min read · 20 June 2018
National Health Investors has acquired two Michigan-based assisted living/memory care communities: Bavarian Comfort Care and Shield Comfort Care. The total price of the transactions is $17.1 million. NHI will have a purchase option on two additional communities in Michigan.
2 min read · 20 June 2018
Virtua Partners has recapitalized two Phoenix area single-family residential development projects. No financial terms were disclosed. The properties include a 12-acre site in Phoenix and a 15-acre site in Avondale.
2 min read · 19 June 2018
American Real Estate Partners has appointed Paul Schulman as principal and chief operating officer. Previously, Schulman was president and COO of the U.S. office division of Brookfield Property Partners.
3 min read · 18 June 2018
Bedrock has acquired five manufactured housing communities in North Carolina from Horizon Land Co. No financial terms were disclosed.
1 min read · 18 June 2018
New Mill Capital Holdings LLC and Tiger Group has sold the former General Mills Pillsbury plant in New Albany, India to The Sazerac Company, a distiller. No financial terms were disclosed. The facility closed in 2016. Sazerac is planning on expanding its processing, blending, packaging and distribution capabilities in a project with an estimated investment of $66 million.
4 min read · 18 June 2018
Real estate investment firms Dalan Management Associates and Elion Partners have acquired two Manhattan-based adjacent multifamily properties ground floor retail for about $66 million. The seller was AAG Management.
3 min read · 18 June 2018
Westport Capital and Galaxy Investments have acquired Tavern Square, a mixed-use project in Old Town Alexandria, Virginia. No financial terms were disclosed. Included in the property is office space, ground floor retail space and a parking garage. Cambridge will manage, lease and provide construction services for the property.
3 min read · 15 June 2018
