Deals
Welltower to Buy CNL Health-Care Portfolio for $1.3B
The REIT’s acquisition of 55 high-quality medical office buildings and outpatient facilities will expand its holdings by 3.3 million square feet.
Preferred Office Properties Pays $209M for Charlotte Towers
The affiliate of Preferred Apartment Communities acquired two new Class A properties in the city’s SouthPark submarket.
Bond Collective Enters Houston Market
The coworking firm signed a lease for more than 25,000 square feet at Pennzoil Place, an iconic high-rise in the city’s CBD. Transwestern and Cushman & Wakefield assisted the parties in the deal.
Lee & Associates Brokers LA-Area Inn Sale
Y&C Pacific paid roughly $8 million for Good Nite Inn in Whittier, Calif. Andy Investment Co. sold the 102-key asset after three decades.
Meridian Group Purchases VA Office Building
The buyer plans to renovate the LEED Gold-certified property, which sits in the Rosslyn-Ballston Corridor and is well connected to the rest of the metro.
NYC Retail Property Changes Hands
The 8,730-foot retail building in the Jackson Heights neighborhood of Queens has a development potential of 35,000 square feet and traded for $7 million.
Marcus & Millichap Arranges Sale of Texas Storage Facility
The Tampa- and San Antonio-based offices brokered the sale of A Storeroom Mini-Storage located in New Braunfels, roughly 40 miles from downtown San Antonio.
Omega Healthcare to Acquire MedEquities
The deal represents a $600 million enterprise value for MedEquities and would diversify Omega’s properties and operators. Morrison & Foerster LLP advised MedEquities in the agreement.
Equus Capital Acquires Dallas-Area Office Building
The company purchased a 207,000-square-foot Class A property in Plano, which it plans to renovate and rebrand as Gateway of Legacy.
Viking Partners Sells Metro Detroit Power Center
Cooper Commercial Investment Group negotiated the transaction of Chesterfield Village. Tenants at the 156,000-square-foot retail asset in Macomb County, Mich., include Target, Panera Bread and Applebee’s.