Centerbridge Partners is in talks to buy a minority stake in Merritt Properties from Almanac Realty Investors, the real estate investment arm of Neuberger Berman, in a deal that would value the commercial real estate firm at roughly $3 billion, including debt, reported the Financial Times.
Merritt Properties specializes in industrial and commercial real estate and controls more than 21 million square feet of properties, including warehouses, distribution centers and office buildings across Maryland, Virginia, North Carolina and Florida.
