Private Equity
Heitman LLC, a real estate investment management firm, has named Tony Smedley as managing director, head of European private equity. Previously, Smedley worked at Schroder REIM where he served as head of continental Europe.
3 min read · 26 February 2018
NKF Capital Markets has sold a Houston, Texas-based self-storage facility to Passco Companies LLC and Patriot Self Storage Management. No financial terms were disclosed.
2 min read · 26 February 2018
Kiddar Capital has acquired 575 Herndon Parkway, the landing site for the platform of the new Herndon Silver Line Metro station in Virginia. No financial terms were disclosed. Eagle Bank financed the deal while Colliers International brokered it. The construction of the site is expected to be finished in the first quarter of 2020.
2 min read · 26 February 2018
Kiddar Capital said Feb. 24 that it acquired 575 Herndon Parkway, the landing site for the platform of the WMATA Herndon Silver Line station. Financial terms weren’t announced. The 4.8-acre property includes a 135,102 square foot office building primarily occupied by Booz Allen Hamilton. Eagle Bank financed the deal which was brokered by Colliers International.
2 min read · 26 February 2018
Chicago-based real estate developer and investor Sterling Bay and institutional investors advised by J.P. Morgan Asset Management have acquired a Chicago office property from Equity Commonwealth. The price of the acquisition was $510 million. Among the property's current tenants are Groupon, Uptake Technologies and Lightbank.
3 min read · 22 February 2018
GI Partners has acquired 492 River Road, a Nutley, New Jersey-based office and data center property. No financial terms were disclosed. BT Americas Inc leases the entire property on a long-term basis.
2 min read · 21 February 2018
Kingbird Properties, a real estate investment firm, has appointed Vincent DiSalvo as director of acquisitions. Prior to joining Kingbird, DiSalvo worked in the acquisitions group at GID Investment Advisers LLC.
2 min read · 21 February 2018
Heitman LLC, a real estate investment management firm, has acquired a multistate medical office portfolio known as the PHT portfolio. The seller was Bentall Kennedy. JLL Capital Markets represented Bentall Kennedy on behalf of a state pension fund. No financial terms were disclosed. NexCore Group will manage and lease the properties.
5 min read · 20 February 2018
TruAmerica Multifamily has acquired Huntington Beach, California-based Pacific Shores, a 264-unit apartment community from UDR Inc. The price of the transaction was $90.5 million.
2 min read · 20 February 2018
Northview Hotel Group, a hotel and resort community owner and operator, has closed its third investment fund at an undisclosed sum. NV Acquisitions III will focus on acquiring underperforming hotels and resorts in the U.S. and select international markets.
2 min read · 20 February 2018
