{"id":1004330174,"date":"2019-06-11T09:35:15","date_gmt":"2019-06-11T17:35:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004330174"},"modified":"2019-06-11T09:50:49","modified_gmt":"2019-06-11T17:50:49","slug":"eastdil-secured-goes-private-in-management-buyout","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/","title":{"rendered":"Eastdil Secured to Go Private in Management Buyout"},"content":{"rendered":"
\"\"<\/a>

Roy March, CEO of Eastdil Secured<\/p><\/div>\n

Eastdil Secured is returning to private ownership in a management-led buyout of the real estate investment banking firm. In a deal announced Tuesday, Wells Fargo will sell its majority stake to a partnership of Eastdil Secured’s management; Temasek Holdings, a Singapore-based investment firm; institutional clients advised by Guggenheim Investments. The transaction is expected to close in the fourth quarter of 2019. <\/p>\n

Eastdil will retain its current leadership team, which includes Chairman Benjamin Lambert, CEO Roy March and President Michael Van Konynenburg. The company’s management committee is also staying on board. Wells Fargo will retain a minority stake, and Eastdil Secured’s public market bankers will join Wells Fargo’s Corporate & Investment Banking division. Terms of the deal were not disclosed. <\/p>\n

The return to private ownership represents a major new chapter for Eastdil Secured, which in 2018 advised on 827 deals valued at $243.5 billion. Founded by Lambert in 1967 under the name Eastdil Realty, the company has been part of Wells Fargo since 2006, when the financial services company merged Eastdil with Secured Capital Corp. to form the current firm. In 2007, Eastdil Secured represented Blackstone Group in its landmark $39 billion acquisition of Equity Office Properties Trust, now known as EQ Office. <\/p>\n

Among recent high-profile deals Eastdil advised are Blackstone\u2019s purchase of a $18.7 billion<\/a> U.S. industrial portfolio from three GLP funds, in a record deal announced earlier this month; Unico Investment Group\u2019s sale of a $710 million office portfolio<\/a> to a Goldman Sachs affiliate in January; the Sobrato Organization\u2019s sale of a Silicon Valley office campus<\/a> to Gemini Rosemont for $171 million in May.<\/p>\n

The new ownership structure will look to further grow its presence in Europe and Asia, according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial services firm will sell its majority stake to Eastdil Secured’s management in partnership with Temasek Holdings and Guggenheim Investments. The deal is expected to close later this year.<\/p>\n","protected":false},"author":745,"featured_media":1004330168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21825,21783,23891,21742],"tags":[33101,45887,37681,45884,33277],"class_list":["post-1004330174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-finance","category-investment","category-national","category-latest","tag-eastdil-secured","tag-guggenheim-investments","tag-roy-march","tag-temasek-holdings","tag-wells-fargo"],"acf":[],"yoast_head":"\nEastdil Secured to Go Private in Management Buyout - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastdil Secured to Go Private in Management Buyout\" \/>\n<meta property=\"og:description\" content=\"The financial services firm will sell its majority stake to Eastdil Secured's management in partnership with Temasek Holdings and Guggenheim Investments. The deal is expected to close later this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-11T17:35:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-11T17:50:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/March_Roy_good_872x1050-e1560270551766.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"802\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/\",\"name\":\"Eastdil Secured to Go Private in Management Buyout - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/March_Roy_good_872x1050-e1560270551766.jpg\",\"datePublished\":\"2019-06-11T17:35:15+00:00\",\"dateModified\":\"2019-06-11T17:50:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/March_Roy_good_872x1050-e1560270551766.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/March_Roy_good_872x1050-e1560270551766.jpg\",\"width\":802,\"height\":602,\"caption\":\"Roy March\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eastdil-secured-goes-private-in-management-buyout\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Eastdil Secured to Go Private in Management Buyout\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. 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