Private Equity
Choice Hotels International has agreed to acquire WoodSpring hotel brands, including franchise operations, marketing and development, for approximately $231 million. The seller is Lindsay Goldberg. The deal is expected to close in the first quarter of 2018. Moelis & Company LLC is serving as financial adviser to Choice Hotels on the deal while Morgan Stanley is doing likewise for WoodSpring.
4 min read · 18 December 2017
The Dow Hotel Company and an unnamed partner have acquired in a joint venture the 354-room Holiday Inn San Jose–Silicon Valley in California. No financial terms were disclosed; however, DHC will oversee a $15 million renovation and operate the hotel.
3 min read · 18 December 2017
National Health Investors Inc has agreed to acquire Durham, North Carolina-based Spring Arbor, an assisted living and memory care community. The purchase price is $7.55 million.
2 min read · 18 December 2017
Jernigan Capital Inc has invested $10.6 million in a Dover, New Jersey-based multi-story climate-controlled 836-unit facility. The construction is expected to begin in the first quarter of 2018 and be completed in early 2019. Orlando, Florida-based Structure Development is the proposed project's developer.
2 min read · 18 December 2017
Baceline Investments has acquired Madison, Wisconsin-based Meadowood Retail Center, a neighborhood shopping mall, for $3.25 million. The seller was MLG Capital.
2 min read · 14 December 2017
Capital Square 1031 acquires Athens, Georgia-based High Ridge Apartments, a multifamily community. No financial terms were disclosed.
3 min read · 14 December 2017
FD Stonewater has acquired Conshohocken, Pennsylvania-based River Park I, a multi-story office building. No financial terms were disclosed.
2 min read · 14 December 2017
New York City-based Savanna, a real estate investment firm, has closed its fourth fund at $591 million. Savanna Real Estate Fund IV's limited partners included public and private pension funds, insurance companies, high-net worth family offices, foundations and wealth management companies from North America, South America and Europe. Park Hill Real Estate was the placement agent.
3 min read · 13 December 2017
Blue Magma Residential LLC and NCP Enterprise Funds have acquired a $34 million Southeast multifamily portfolio comprised of three apartment home communities in Covington, Georgia, Robinsonville, Mississippi and Dothan, Alabama. Cushman & Wakefield was the broker on the deal while Ladder Capital provided the debt funding for the acquisition.
4 min read · 13 December 2017
Henley USA has acquired Hayes Court, a residential property located in Queens, New York. No financial terms were disclosed. Choate provided legal services for the deal.
3 min read · 12 December 2017
