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Sign in Sign up for a FREE subscriptionSEDCO Capital fetches $338m for seven real estate assets
Global asset manager SEDCO Capital has sold off seven diversified real estate investments for $338 million, the firm announced on Aug. 12.
The value-add and core assets span the residential, hotel, office, healthcare and logistics sectors in the United States and the United Kingdom. According to the firm, they were all purchased between 2012 and 2016.
The divested assets include a Hampton Inn Hotel in Nashville for $103.5 million, which was acquired for the firm’s value-add portfolio in 2016; an Amazon data center in San Francisco for $35 million; residential properties Garrett West and Catalyst for $94.5 million; and a medical property in the United States for $28.4 million. The firm also sold six veterinary medical facilities across the United States for $46 million, and an office building in the United Kingdom for £24 million ($29 million).
Sherif Selim, head of international & regional real estate, noted that the firm will continue to pursue attractiv
