Investment
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.
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.
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.
Three Street Realty Sells Greenwich Village Retail Asset
Compass represented both the buyer and the seller of the Manhattan property, which includes Dunkin Donuts and Verizon among its tenants.
Rexford Industrial Ends 2018 With 2 Deals
The Southern California REIT completed transactions totaling $29.9 million in metropolitan Los Angeles, where demand for distribution space remains at record levels.
Bridge Investment Group Acquires DC Office Complex
The 510,200-square-foot office complex in Silver Spring, Md., which comprises three buildings, will undergo a $12 million upgrade.