Investment
Chatham Lodging Closes $1.3B JV Hotel Portfolio Purchase
Chatham Lodging Trust, in a new joint venture with NorthStar Realty Finance Corp., has completed the two-part, $1.3 billion acquisition of the 51-property former Innkeepers USA Trust hotel portfolio.
Greystar Closes on $800M Multifamily Acquisition Fund
Greystar Real Estate Partners has closed its Greystar Equity Partners VIII, a discretionary commingled fund focused on the acquisition of value-add multi-family assets in the United States.
Hines, Oaktree JV Acquires 230 KSF Office Building in Santa Ana, Calif.
Hines has entered into a joint venture with a real estate fund managed by Oaktree Capital Management to acquire and lease back 1750 E. Fourth St., a Class A office building situated on 2.8 acres in Santa Ana, Calif., from State Compensation Insurance Fund.
I.CON Special Report: Robust Industrial Market Ahead for Much of North America
The North American industrial sector offers much to cheer and a few reasons for caution, said experts at NAIOP’s international conference in Jersey City, N.J. on Thursday.
Hospitality Ventures Adds 42nd Hotel to Portfolio, Enters Multiple Strategic Partnerships
Hospitality Ventures Management Group has enhanced its portfolio with the addition of three hotels, and it’s laid the groundwork for future growth with two new strategic partnerships.
Marcus & Millichap Sells 8-Property Self-Storage Portfolio for $91M
An eight-property portfolio of Best Florida Storage locations in Broward County, Fla., totaling 854,800 rentable square feet has sold for $91 million, or $106 per square foot.
Keystone, Mack-Cali JV Buys Curtis Center in Philadelphia for $125M
In a joint venture, affiliates of Keystone Property Group and Mack-Cali Realty Corp. have bought Curtis Center, a Class A office and retail property nearby Independence Hall and Washington Square Park in Center City of Philadelphia.
Resource RE Opportunity REIT II Buys 152-Unit Apartment Community in Dallas
Four months after commencing its initial public offering of up to $1 billion in common stock, Resource Real Estate Opportunity REIT II Inc. has made its first acquisition: a 152-unit apartment property in the coveted Platinum Corridor neighborhood of Dallas.
TIAA-CREF Buys 132-Unit M-F Complex in Redwood City, Calif. for $83M
Township, a recently completed 132-unit luxury apartment complex in downtown Redwood City, Calif., has been sold to TIAA-CREF for $83 million.
Morgan-Olayan JV Snaps Up Mid-Atlantic M-F Portfolio
A joint venture between Morgan Properties and The Olayan Group has acquired a large multi-family portfolio in the Mid-Atlantic region. Berkshire Property Advisors sold the properties, most of them located in the Baltimore-Washington metropolitan area, for a total price of $309 million.