Deals and Transactions

Real estate fund

Morguard North American Residential REIT acquires six US residential assets

Morguard North American Residential Real Estate Investment Trust has completed the purchase of the remaining six multi-unit residential properties from an institutional fund sponsored by Pearlmark Real Estate Partners for USD232m (excluding closing costs). »


Warehouse

M&G Property Portfolio purchases Bristol distribution warehouse

The M&G Property Portfolio has acquired a four bay distribution warehouse at Western Approach Distribution Park in Bristol for GBP23m, representing a net initial yield of 7.13 per cent. »


David H Hoster II, president and chief executive, EastGroup

EastGroup Properties acquires Texas distribution centre

EastGroup Properties has acquired Northfield Distribution Center located in Grapevine (Dallas), Texas.  »


Eco Campus

Crédit Agricole Assurances to acquire Eco Campus office complex

Crédit Agricole Assurances, through its life insurance subsidiary Predica and with the assistance of Crédit Agricole Immobilier, is to acquire Eco Campus, a 72,000 square metre office complex under construction in Châtillon, a southern suburb of Paris. »


Care home

Aviv REIT closes USD14.4m acquisition

Aviv REIT has acquired a post-acute and long-term care skilled nursing facility (SNF) in Ohio for USD14.4m.  »


Charles K Nulsen, III, president of WPC

Washington Property Company makes Bethel Church acquisition

Washington Property Company (WPC) has expanded its footprint in the rapidly transforming Ripley District adjacent to the Silver Spring (Maryland) Metro station with the acquisition of three contiguous developable land parcels with lot sizes totalling about 28,000 square feet.  »


Sold sign

Resource Real Estate Opportunity REIT sells Town Park

Resource Real Estate Opportunity REIT, sponsored by Resource Real Estate, has sold Town Park Apartments in Birmingham, Alabama. »


Michael Baumann, chairman and chief executive officer of Trade Street Residential

Trade Street Residential completes USD63m of new investments

Trade Street Residential has completed the acquisition of two communities, containing a total of 500 apartment units, for an aggregate purchase price of approximately USD63m. »


Jim Quille, MGPA executive chairman

BlackRock to acquire MGPA

BlackRock is to acquire MGPA, an independently-managed private equity real estate investment advisory company in Asia Pacific and Europe. »


Sold sign

Resource Real Estate Opportunity REIT buys Autumn Wood Apartments

Resource Real Estate Opportunity REIT, sponsored by Resource Real Estate, a national real estate firm specialising in opportunistic and value-add investing and financing, has purchased Autumn Wood Apartments in Birmingham, Alabama. »


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