Newsline

Brookfield Asset Management and Peakstone Realty Trust, an industrial REIT with a strategic focus on the industrial outdoor storage (IOS) sector, have announced that they have entered into a definitive agreement in which a Brookfield private real estate fund would acquire all of the outstanding shares of Peakstone for $21 per share in cash. The all-cash transaction represents an implied enterprise value of approximately $1.2 billion.

Heitman and Erben, an Australian property development and investment firm, have acquired Lot 19 at Perth City Link from the Western Australia State Government.

Avanath Capital Management has acquired Retreat at Valencia, 336-unit mixed-income apartment community near downtown Orlando.

Local: Residential has acquired a 355-unit build-to-rent apartment development at 15–37 Bank St. in South Melbourne from Hines, with a stabilized asset value of A$370 million (approximately $259 million), reported Australian-based media outlets.

Colliers Singapore’s Capital Markets & Investment Services has closed the sale of the prime industrial property at 51 Tuas View Link in Singapore for S$121.1 million (approximately $90 million). PGIM Real Estate and Northstar Capital acquired the asset from Urban Park Pte Ltd, a unit of Far East Organization.

13th Floor Investments, a South Florida-based developer, and Rockpoint have formed a joint venture to develop Link at Boca, a new mixed-use multifamily community located in Boca Raton, Fla.

Canyon Partners Real Estate and MG Properties (MGP) have acquired Shift Apartments, a multifamily building in the Downtown submarket of San Diego.

Clarion Partners Europe has acquired from Affinius Capital, in partnership with its wholly owned development subsidiary Mountpark, Mountpark Chartres 2 in Illiers-Combray in the Centre-Val de Loire region of France.

Clarion Partners has acquired a seven-building, $592 million portfolio totaling 2.2 million square feet of newer class A and class B industrial assets strategically located in infill submarkets across Los Angeles, the Inland Empire, and Seattle. The portfolio is 100 percent leased to credit tenants.

Cityview and Stockbridge have completed Apollo – a 265-unit multifamily community in Los Angeles’ South Bay. Now leasing, Apollo is ideally located in a rapidly growing area of the South Bay near major aerospace, automotive and tech employers, including SpaceX, the Tesla Design Center and Ring.

Hines has acquired a new purpose-built student accommodation (PBSA) project in Móstoles, Madrid, currently under construction. The transaction, executed on behalf of the Hines European Real Estate Partners III (HEREP III) fund, marks the company’s entry into Madrid’s student accommodation segment and reinforces its commitment to the living sector in the Iberian Peninsula. This new asset joins Hines’ existing PBSA projects in Barcelona, Valencia and Porto.

Apollo Commercial Real Estate Finance (ARI) announced the company has entered into a definitive agreement with Athene Holding to sell the company’s entire approximately $9 billion commercial real estate loan portfolio for a purchase price based on 99.7 percent of total loan commitments, net of asset specific CECL reserves, except for two loans with a combined total principal balance of $146 million expected to be repaid prior to closing.

Apollo announced that Apollo-managed funds have completed an approximately €900 million senior secured financing of a pan-European logistics and industrial portfolio owned by a joint venture between an affiliate of Cerberus Capital Management, a global alternative investment manager, and Arrow Capital Partners, a specialist investor, credit provider, developer and manager of real estate in Europe and Asia-Pacific .

Stockdale Capital Partners announced the acquisition of Avant at Fashion Center, a 355-unit luxury mid-rise apartment community in the Phoenix submarket of Chandler, Ariz., for $110.25 million.

Singapore-based Mapletree Investments has sold a grade-A office building in Sydney’s Macquarie Park to Australia’s Growthpoint Properties for A$101.25 million ($70.3 million), according to Mingtiandi.

GARBE Industrial, a specialist in logistics and industrial real estate, has partnered with Fortress Real Estate Investments, one of the largest real estate companies in South Africa.

Apollo has appointed Valor Real Estate Partners, a European company specializing in last-mile logistics, as asset manager for a 230,000-square-meter (2.5 million-square-foot) portfolio of infill logistics assets.

Kayne Anderson Real Estate and Mill Creek Residential announced the acquisition of land and commencement of development of Modera Allston, a 240-unit, class A multifamily community located in the Allston neighborhood of Boston, Mass.

Bridge Tower Homes, a Dallas-based residential developer, announced it has entered into a joint venture agreement with Hankyu Hanshin Properties Corp. (HHP), a global real estate company headquartered in Osaka, Japan.

Trammell Crow Company (TCC), a commercial real estate developer, has acquired a 16,750 square meter land plot in Taufkirchen, on the outskirts of Munich, for the development of ULLIS Park Munich South, an approximate 11,000 square meter grade A last-mile urban industrial facility.