Investment
PGIM Real Estate Adds $700M Industrial Portfolio
Acquired through a recapitalization with the existing ownership, the national portfolio includes 30 buildings totaling 5.4 million square feet across five key markets.
Amazon Buys Northern Virginia Hotel for HQ2 Phase Two
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.
VanTrust Sells Las Vegas Warehouse for $89M
Massachusetts Mutual Life Insurance Co. provided acquisition financing for the 715,000-square-foot property.
Blackstone Closes Record $8B Credit Fund
Blackstone Real Estate Debt Strategies IV, which will lend flexible capital around the world, launched in 2019, three years after the predecessor fund closed with $4.8 billion in commitments.
Wasatch Storage Partners Sells Nashville-Area Portfolio
National Western Life Insurance Co. provided a $12 million loan for the acquisition of 1,200 units in Murfreesboro, Tenn.
Blackstone Acquires Suburban Seattle Warehouse
The building previously traded for $3.5 million in 2005 as part of a 1031 exchange.
Bronx Storage Asset Trades for $26M
Benefit Street Partners Realty Trust provided the buyer with a $29.9 million loan which also encumbers a recently acquired Long Island facility.
UMH Properties Grows Manufactured Housing Footprint
Located in upstate New York, Lake Erie Estates changed hands for $4.5 million. The community was 71 percent occupied at the time of sale.
Highland Ventures Acquires Charleston Office Building
The recently renovated downtown property traded for $23.8 million.
Missouri MHC Portfolio Trades for $15M
Totaling 531 sites, Lakewood Estates, Briarwood and Alpine Village are located in Springfield.