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Transactions | Jan 3, 2023
Realty Income Corp. has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust (CMFT), a non-listed REIT sponsored by an affiliate of CIM Group, for approximately $894 million in cash.
Transactions | Jan 3, 2023
Ascendas India Development VII and its joint venture partner Maharashtra Industrial Development Corporation have entered into separate agreements with CapitaLand India Trust.
Transactions | Jan 3, 2023
Broad Street Development and a real estate fund advised by Crow Holdings Capital have sold 298 Mulberry St., a 96-unit, market-rate, mixed-use rental apartment property on the corner of East Houston and Mulberry Streets in the Noho neighborhood of Manhattan.
Investors | Jan 3, 2023
The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) and Blackstone announced a long-term strategic venture in which UC Investments will invest $4 billion in Blackstone Real Estate Income Trust, Inc. (BREIT) Class I common shares, the largest existing share class. Blackstone will then contribute $1 billion of its current BREIT holdings as part of a strategic venture with UC Investments.
Transactions | Jan 3, 2023
A consortium led by Thomas A. Rizk and Roger W. Thomas, the founders of Workspace Property Trust, has purchased an additional 1 million square feet across six class A suburban office buildings.
Transactions | Jan 3, 2023
A partnership lead by Fontainebleau Development has secured a $2.2 billion construction loan to complete Fontainebleau Las Vegas, the anticipated 67-story hotel, gaming, meeting and entertainment destination coming to the north end of the Las Vegas Strip.