Private Equity
The NRP Group has sold Wexford, Pennsylvania-based Ascent Four Thirty, a luxury apartment community, for over $61 million. The buyer is a joint venture between Buligo Capital and Graycliff Capital. Institutional Property Advisors, a division of Marcus & Millichap, advised the seller on the deal.
3 min read · 08 June 2018
Taylor Morrison Home Corp said June 7 that it agreed to buy AV Homes Inc in a deal valued at $963 million. TPG Capital, which owns a 40 percent stake in AV Homes, is voting its shares in favor of the deal. AV Homes, of Scottsdale, Arizona, develops and builds residential communities in Florida, the Carolinas, Arizona and Texas.
9 min read · 07 June 2018
A joint venture between Rockefeller Group U.S. Premier Office Fund LP and Mitsubishi Estate New York has sold a Boston office building for about $418 million. The buyer was not identified. TA Realty LLC arranged the sale.
2 min read · 06 June 2018
Starwood Capital Group has acquired Madrid-based San Fernando Business Park, an office park. No financial terms were disclosed. Drago Capital, Savills Aguirre Newman and Dentons advised Starwood on the transaction.
2 min read · 04 June 2018
The Muller Company and Cerberus have acquired Orem, Utah-based Canyon Park Technology Center, an office property. No financial terms were disclosed.
3 min read · 04 June 2018
Hotel owner/operator MCR has closed its new fund at $300 million. MCR Hospitality Fund LP will focus on investing in Marriott and Hilton select service and extended stay hotels in the U.S. The fund is on track to acquire 25 hotels by the end of 2018.
2 min read · 01 June 2018
Century Bridge and Deutsche Finance Group have invested $11.1 million in a China-based residential project. The investment will be made via a joint venture with Zhongliang Real Estate Group.
3 min read · 31 May 2018
The Bascom Group has acquired Modera at Observatory Park Apartments, a Denver-based apartment community. The price of the acquisition was $92.5 million. Mill Creek Residential will serve as the property manager.
4 min read · 30 May 2018
Kayne Anderson Real Estate has closed its fifth fund at a hard cap of $1.8 billion. Kayne Anderson Real Estate Partners V's limited partners include pensions, foundations, endowments, high-net worth individuals and family offices. The fund will focus on senior housing, medical office and student housing.
2 min read · 30 May 2018
TruAmerica Multifamily and Oaktree Capital Management have acquired two multifamily properties in Phoenix Arizona and Las Vegas in separate deals totaling $142.1 million. Included in the transactions were Galleria Palms, a 424-unit multifamily property in the Phoenix submarket of Tempe that was acquired for $75.1 million; and Aviata, a 456-unit multifamily property in the Las Vegas submarket of Henderson/Paradise Valley that was bought for $67 million.
3 min read · 29 May 2018
