Private Equity
Jernigan Capital Inc has invested $83.3 million in five self-storage facilities in Miami developed by Miami City Self-Storage. CubeSmart is managing all five self-storage facilities. Three facilities, MCSS Brickell, MCSS Coconut Grove and MCSS West Doral, have been open for business for over a year while MCSS Pembroke Pines and MCSS Doral are expected to open by the end of the first quarter.
4 min read · 05 March 2018
New York City-based Rockefeller Group, a real estate developer, owner and investor, has named Hilary Allard Goldfarb as senior vice president and regional development officer. Previously, she was a senior vice president at Bozzuto Development Company.
2 min read · 01 March 2018
Paris-based investment firm Ardian has raised more than 700 million euros (about $852 million) for its inaugural real estate European fund. The fund will target commercial property assets in Germany, France and Italy. The pool's limited partners include major pension funds, insurance companies, financial institutions, and high-net-worth individuals.
4 min read · 01 March 2018
Peacable Street Capital, which is backed by Orangewood Partners and SunBridge Capital Management, has opened a Chicago office. Also, the firm has appointed Chicago-based Ron Nadler as executive vice president and managing director. Previously, Nadler worked at Kimco Realty where he was the central region president. Based in Philadelphia and with offices in New York City, Toronto and Chicago, PSC is a specialty finance platform focused on small and mid-sized income producing real estate in the U.S. and Canada.
3 min read · 01 March 2018
Shopoff Realty Investments has sold Brookside Mobile Home Park, a manufactured housing community in El Monte, California. The price of the sale was $72.5 million. In April 2017, Shopoff bought the property in a joint venture with Ladder Capital for $52.7 million.
3 min read · 28 February 2018
Irvine, California-based WNC, a national investor in real estate and community development initiatives, has raised $94.2 million for its institutional low-income housing tax credit fund. The fund will rehabilitate six affordable housing properties in California.
2 min read · 28 February 2018
Starwood Capital Group said Feb. 26 that it has acquired a portfolio of seven Hilton hotels throughout the United Kingdom for 135 million pounds ($188.6 million). Park Hotels & Resorts is the seller. The portfolio, totaling over 1,300 rooms, is located in several of the UK's top hotel markets, including London, Edinburgh, Bath and Belfast.
3 min read · 27 February 2018
CA Ventures is planning on investing $500 million over the next five years in the European housing market. The firm is focusing specifically on the student housing and multifamily apartment sectors.
4 min read · 26 February 2018
Canadian gaming company Gateway Casinos & Entertainment Ltd has agreed to a sale-and-leaseback deal involving three casino properties in the Vancouver region. Under the agreement’s terms, an affiliate of Chicago financial services firm Mesirow Financial will become the landlord of the properties for more than $500 million. Several of Gateway’s subsidiaries have entered into leases for each of the properties and will continue to operate the casinos. With the deal’s close, expected in March, the company will see net proceeds of $483 million. Vancouver-based Gateway has been owned since 2010 by Canadian private equity firm Catalyst Capital Group.
5 min read · 26 February 2018
Caliber and Habitat Metro have acquired eight buildings in Mesa, Arizona. The price of the acquisition was $7.5 million. The transaction is part of a revitalization project for Mesa, Arizona.
3 min read · 26 February 2018
