Investment
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.
CBRE Closes $14M Sacramento-Area Office Sale
Executive Vice President Randy Getz assisted the seller of the nearly 65,000-square-foot asset.
Seattle Flex Portfolio Trades for $29M
Systima Technologies bought the buildings in 2013 and 2016 for a combined $12 million.