Newsline

Bonaccord Capital Partners has acquired a minority interest in Prime Finance.

Harbert Management Corporation (HMC) has sold a portfolio of five seniors housing properties across four states.

H.I.G. Capital have refinanced Ella Resorts and OB Streem with a consortium of European banks.

Harrison Street Asset Management (HSAM) has sold a newly constructed, build-to-suit outpatient medical office building in San Jose, Calif., to the County of Santa Clara (the County) for $340 million.

MAG Partners has closed a $210.83 million refinancing for Ruby, the 480-unit luxury residential tower in Manhattan’s West Chelsea neighborhood.

CapitaLand Ascendas REIT (CLAR) has acquired a 100 percent interest in 25 Loyang Crescent, a cluster of ramp-up logistics and industrial buildings, for S$504.2 million ($394 million), and a 50 percent interest in Ascent, a business space property at 2 Science Park Drive, for S$245 million ($192 million).

One Beverly Hills, featuring Aman Beverly Hills and The Beverly Hilton, has completed a $4.3 billion financing to complete its development of a world-class mixed-use urban destination and residential enclave that redefines luxury living in the heart of Beverly Hills. The financing was led by J.P. Morgan and VICI Properties.

EQT Real Estate Logistics Value Fund VI, a fund managed by EQT Real Estate, has acquired a portfolio comprising nine buildings totaling approximately 2 million square feet in Southern New Jersey.

Hines has acquired four mid-box industrial assets totaling close to 290,000 square feet across Greater London and the Midlands on behalf of Hines European Property Partners (HEPP).

GARBE Commercial Living, a subsidiary of the pan-European real estate company GARBE, has launched a hospitality investment platform for institutional investors with B&B HOTELS Central and Northern Europe. The cooperation combines GARBE’s development and investment management expertise with B&B HOTELS’ operational strength.

QuadReal Property Group has acquired a 27-asset self-storage portfolio in the United Kingdom from Padlock Euro Storage Fund I, as well as the establishment of a new joint venture partnership with Clear Sky Capital, a privately owned real estate investment management and development company.

Kajima Properties Europe (KPE) has established a joint venture with a U.S. investor to own and manage a 130,000-square-meter (1,399,308-square-foot) logistics facility in Bischweier, Germany. KPE will retain an ownership position in the project and act as long-term asset manager.

Japan Real Estate Investment Corp. has plans to acquire two office properties in Tokyo and Sapporo for a combined JPY 23.7 billion ($149.7 million), according to a company announcement.

Core Spaces has marked a new phase of construction on Hub Tampa Fowler, a 1,195-bed student housing community located west of the University of South Florida campus.

A four-story commercial shophouse in Singapore’s Central Business District has been launched for sale via expression of interest, with a guide price of S$28 million ($21.87 million). The property, 38 Circular Road, is being exclusively marketed by Brilliance Capital.

Realty Income Corp. and Apollo have announced that Apollo-managed funds and affiliates intend to provide a $1 billion investment to Realty Income to acquire a 49 percent interest in a new joint venture entity that is expected to own a diversified portfolio of single-tenant retail properties subject to long-term net leases.

Walker & Dunlop has arranged a $350 million aggregation debt facility with JPMorgan Chase Bank, N.A. for a self-storage REIT platform sponsored by a joint venture between Centerbridge Partners, L.P. and Reframe Holdings LLC.

Landmark Properties, the largest developer of student accommodations in the United States, has been given the green light for a significant redevelopment at 120 Suffolk Street – adjacent to the Mailbox, a prominent mixed-use destination for office, retail and leisure occupiers in Birmingham city center.

The Dermot Co., a vertically integrated multifamily investment manager, owner, and operator of high-quality communities, and joint venture partner Affinius Capital have secured a loan to refinance 101 West End Avenue, a 35-story, 502-unit apartment community in New York City. The $283 million loan was provided by Freddie Mac and arranged by Walker & Dunlop Capital Markets Institutional Advisory.

JLL’s Capital Markets group has arranged a $370 million refinancing for Society Brooklyn, a premier 517-unit, two-tower residential development positioned along the Gowanus Canal in Brooklyn’s Gowanus neighborhood.