Company News Archives - REBusinessOnline https://rebusinessonline.com/category/company-news/ Commercial Real Estate from Coast to Coast Wed, 03 Jun 2026 13:53:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png Company News Archives - REBusinessOnline https://rebusinessonline.com/category/company-news/ 32 32 Hilton Launches Undergraduate Brand, Plans to Open More Than 400 Hotels https://rebusinessonline.com/hilton-launches-undergraduate-brand-plans-to-open-more-than-400-hotels/ Wed, 03 Jun 2026 13:53:03 +0000 https://rebusinessonline.com/?p=457903 MCLEAN, VA. — Hilton has launched Undergraduate by Hilton, an upper-midscale hospitality brand designed to serve a range of college and university markets. Hilton’s long-term plans for the brand include growing the pipeline of collegiate-themed hotels to 400 to 500 properties, with the first Undergraduate hotel set to open next year. The model will include both new builds and conversions of hotels near college campuses. Guestrooms will be designed to invoke classrooms with adaptable layouts, study corners and functional storage. Common spaces will include lounges, library-inspired social gathering areas, a barista-led, 24-hour market and a bar program by Authentic Hospitality. Undergraduate joins Hilton’s Lifestyle portfolio of properties, which is projected to grow to 700 hotels globally by 2028, including 60 new openings this year. The brand was created following the success of the Graduate by Hilton brand, which is also part of Hilton’s Lifestyle portfolio.

The post Hilton Launches Undergraduate Brand, Plans to Open More Than 400 Hotels appeared first on REBusinessOnline.

]]>
AvalonBay, Equity Residential Announce $69B Merger Agreement https://rebusinessonline.com/avalonbay-equity-residential-announce-69b-merger-agreement/ Thu, 21 May 2026 11:40:00 +0000 https://rebusinessonline.com/?p=457181 ARLINGTON, VA. AND CHICAGO — Multifamily owners and operators AvalonBay Communities (NYSE: AVB) and Equity Residential (NYSE: EQR) have announced a definitive, all-stock merger agreement. The new combined company will have a total enterprise value of $69 billion, with a market capitalization of $52 billion.  Following the merger, the combined company’s portfolio will comprise more than 180,000 apartments. Together, AvalonBay and Equity Residential currently have 10,800 apartments under construction, totaling $4.4 billion in estimated value. Annual cash flow for the new company is estimated at $2 billion.  The merger has been unanimously approved by the AvalonBay board of directors and Equity Residential board of trustees. Under the agreement, AvalonBay shareholders will receive roughly 2.8 shares of Equity Residential common stock for each owned share of AvalonBay common stock.  Equity Residential shares closed at $66.28 on May 20, up from $65.97 a year prior. AvalonBay shares closed at $186.69 on May 20, down from $194.17 a year prior. According to the companies, the merger will enhance resident experience and expand margins across the multifamily portfolio by scaling operations.  “This combination creates a new and fundamentally stronger company with differentiated capabilities that will drive structurally superior cash flow generation, earnings and dividend…

The post AvalonBay, Equity Residential Announce $69B Merger Agreement appeared first on REBusinessOnline.

]]>
Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT https://rebusinessonline.com/sachem-capital-irg-enter-into-agreement-to-create-3-4b-industrial-reit/ Mon, 18 May 2026 12:04:00 +0000 https://rebusinessonline.com/?p=456848 BRANFORD, CONN. AND LOS ANGELES — Sachem Capital Corp. (NYSE: SACH), a Connecticut-based real estate finance company, and Los Angeles-based Industrial Realty Group (IRG) have entered into a definitive contribution agreement to form a new industrial REIT with a market value of $3.4 billion. The deal is expected to close by the end of the year. Under the terms of the agreement, IRG will contribute 98 industrial properties from its portfolio of 200 assets to Sachem. Once complete, the newly formed company will operate as IRG Realty Trust Inc. (IRGT) and is expected to have an industrial portfolio with a gross real estate asset value of $2.9 billion. In addition, the new company will carry Sachem’s approximately $470 million (as of March 31, 2026) in direct and indirect mortgage loans, investments in developmental and owned real estate and other assets. The transaction values Sachem’s common shares at $2 per share, representing a 90 percent premium to the company’s 30‑day volume weighted average price. Upon closing, IRGT Inc. will focus on mission‑critical industrial infrastructure that supports manufacturing and distribution users. Assets that are not being contributed will continue to be owned and operated by IRG’s existing private business. “This accretive transaction…

The post Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT appeared first on REBusinessOnline.

]]>
Global Net Lease Agrees to Acquire Modiv Industrial in $535M Deal https://rebusinessonline.com/global-net-lease-to-acquire-modiv-industrial-in-535m-deal/ Tue, 05 May 2026 12:00:00 +0000 https://rebusinessonline.com/?p=455998 NEW YORK CITY AND DENVER — Global Net Lease Inc. (NYSE: GNL), a New York City-based net lease REIT, has entered into a definitive merger agreement to acquire Modiv Industrial Inc. (NYSE: MDV), an industrial REIT based in Denver. The acquisition, which has been approved by the boards of directors for both companies, is valued at $535 million. Modiv Industrial owns and operates single-tenant industrial properties that are occupied by manufacturers on long-term net leases. According to the company, it is the only publicly traded REIT that exclusively focuses on ownership of manufacturing facilities. Recently announced transactions include Modiv acquiring a Fujifilm-occupied facility in Santa Clara, Calif., and agreeing to sell a facility in Melbourne, Fla., that is leased to Northrop Grumman. The merger deal will grow Global Net Lease’s holdings of mission-critical industrial properties. Though the number of properties involved was not released, multiple media outlets report that Modiv owned 39 industrial facilities at the time of sale. For Modiv, the transaction is expected to increase annual dividend payments by 25 percent for the combined company. No senior level executive changes are expected to occur as a result of the merger. Under terms of the all-stock transaction, holders of…

The post Global Net Lease Agrees to Acquire Modiv Industrial in $535M Deal appeared first on REBusinessOnline.

]]>
Blue Owl Capital Agrees to Acquire Sila Realty Trust for $2.4B https://rebusinessonline.com/blue-owl-capital-agrees-to-acquire-sila-realty-trust-for-2-4b/ Mon, 20 Apr 2026 11:55:00 +0000 https://rebusinessonline.com/?p=454881 NEW YORK CITY AND TAMPA, FLA. — Affiliates of Blue Owl Capital (NYSE: OWL), a New York City-based private equity firm, have entered into an agreement to acquire Tampa-based REIT Sila Realty Trust (NYSE: SILA) for $2.4 billion. The deal, which will make Sila a private company, is expected to close late in the second quarter or early in the third quarter of this year. The valuation represents a per-share stock price of $30.38 for Sila. That price constitutes a 19 percent premium over Sila’s closing stock price of $25.53 per share on April 17, the last full day of trading prior to the announcement. The share price also represents a 25.6 percent premium over Sila’s average volume weighted price for the last 30 trading days. BofA Securities is serving as Sila’s exclusive financial advisor, and Hogan Lovells US LLP is acting as Sila’s legal counsel. Citigroup Global Markets Inc. is acting as lead financial advisor to Blue Owl, with Truist Securities Inc. also acting as a financial advisor. Newmark is Blue Owl’s real estate advisor. Kirkland & Ellis LLP is serving as legal advisor to Blue Owl. “The Sila team has curated a highly diversified collection of critically important…

The post Blue Owl Capital Agrees to Acquire Sila Realty Trust for $2.4B appeared first on REBusinessOnline.

]]>
Walmart Plans 650 Remodels, 20 Store Openings in Next 12 Months https://rebusinessonline.com/walmart-plans-650-remodels-20-store-openings-in-next-12-months/ Thu, 16 Apr 2026 11:40:00 +0000 https://rebusinessonline.com/?p=454704 BENTONVILLE, ARK. — Walmart Inc. (Nasdaq: WMT) has announced plans to invest in more than 650 scheduled remodels of Walmart Supercenter and Walmart Neighborhood Market stores this year. The Bentonville-based retail giant also plans to open roughly 20 new stores throughout the remainder of 2026 and early 2027.  Plans include the expansion of a Walmart Supercenter in Tucson, Ariz., as well as the opening of a Supercenter store in Celina, Texas. Earlier this year the retailer opened a new Walmart Supercenter in Eastvale, Calif., as well as three Supercenters and a Neighborhood Market in Florida. Remodeled stores will feature wider aisles and updated layouts; new display designs; expanded pickup and delivery capabilities; updated Vision Centers and pharmacies with private consultation rooms; new digital touchpoints; and refreshed interiors, signage, parking and landscaping.  Stores operating under the Neighborhood Market format will also be updated with expanded deli and hot bar areas, enhanced lighting and fixtures, pharmacy delivery options and upgraded online order fulfillment areas.  In early 2024, the retail giant announced a commitment to open or convert more than 150 new stores. Store openings in 2025 included locations in Alabama, California, Florida, New Jersey, Texas and Utah.  According to the company, fiscal revenue for…

The post Walmart Plans 650 Remodels, 20 Store Openings in Next 12 Months appeared first on REBusinessOnline.

]]>
SMBC Group to Bring 2,000 Office Jobs to Charlotte for New Banking Hub https://rebusinessonline.com/smbc-group-to-bring-2000-office-jobs-to-charlotte-for-new-banking-hub/ Tue, 14 Apr 2026 13:38:50 +0000 https://rebusinessonline.com/?p=454459 CHARLOTTE, N.C. — Sumitomo Mitsui Banking Corp. (SMBC Group), one of Japan’s largest financial institutions, has announced it is bringing approximately 2,000 new jobs to Charlotte. The Tokyo-based banking firm is investing $50.5 million over the next six years to establish its second North American headquarters, according to the office of North Carolina Gov. Josh Stein. The governor and North Carolina economic development officials met with SMBC leadership at a Tokyo conference in fall 2025 as part of the deal. Specific details of the new hub were not disclosed, but Charlotte Business Journal reports that SMBC Group will occupy more than 200,000 square feet of office space at 301 South College, a 42-story tower in the city’s Uptown district formerly known as One Wells Fargo Center. The outlet reports that SMBC will sublease space that Wells Fargo vacated in 2024.

The post SMBC Group to Bring 2,000 Office Jobs to Charlotte for New Banking Hub appeared first on REBusinessOnline.

]]>
Ares to Acquire Whitestone REIT for $1.7B, Take Company Private https://rebusinessonline.com/ares-to-acquire-whitestone-reit-for-1-7b-take-company-private/ Thu, 09 Apr 2026 11:13:00 +0000 https://rebusinessonline.com/?p=454218 LOS ANGELES AND HOUSTON — Investment firm Ares Management Corp. (NYSE: ARES) has entered into a definitive merger agreement with Whitestone REIT (NYSE: WSR) to purchase the company. Ares will acquire all outstanding Whitestone common shares and operating partnership units for $19 per share in an all-cash transaction valued at roughly $1.7 billion.  Upon closing of the transaction, which is expected in the third quarter, Whitestone will become a private company and will no longer trade on the New York Stock Exchange.  Houston-based Whitestone is a real estate investment trust (REIT) focused on open-air neighborhood retail markets. As of March 2026, Whitestone’s portfolio comprised 56 retail properties totaling approximately 3.9 million square feet, including retail centers in Phoenix; Austin, Texas; the Dallas-Fort Worth metro; Houston and San Antonio.  “Whitestone’s portfolio provides an attractive opportunity to further diversify Ares Real Estate’s footprint with necessity-based retail centers in high-demand, supply-constrained metro regions across Arizona and Texas,” says David Roth, global head of real estate strategy and growth with Ares Real Estate. Whitestone’s board of trustees unanimously approved the transaction, which is subject to customary closing conditions, including approval by Whitestone’s shareholders.  “We believe this transaction with Ares is a testament to the…

The post Ares to Acquire Whitestone REIT for $1.7B, Take Company Private appeared first on REBusinessOnline.

]]>
Sun Life to Acquire Bell Partners, Combine With BGO Following Buy-Out of Remaining Equity Stake https://rebusinessonline.com/sun-life-to-acquire-bell-partners-combine-with-bgo-following-buy-out-of-remaining-equity-stake/ Tue, 31 Mar 2026 12:00:00 +0000 https://rebusinessonline.com/?p=453547 TORONTO, MIAMI AND GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based financial services organization with $1.6 trillion in assets under management as of year-end 2025, has announced it will acquire Bell Partners, a multifamily investment and management firm based in Greensboro. The acquisition was valued at $350 million and is expected to grow Sun Life’s U.S. multifamily segment. Founded in 1976, Bell Partners has approximately $10 billion of assets under management as of March 1 and manages approximately 70,000 apartments in 12 regions across the United States. The firm operates nine U.S. offices and has close to 1,800 employees. Last year, Bell Partners closed more than $1.3 billion in multifamily acquisitions. “This opportunity will extend Bell’s operating and investment expertise across a larger residential platform and strengthen our depth and reach,” says Lili Dunn, CEO and president of Bell Partners. “It is a natural step in our evolution, preserving the essence of what has made us successful, while also opening new opportunities for the future.” In a separate transaction, Sun Life acquired the remaining 44 percent equity stake of Miami-based BGO, a global real estate investment management firm formerly known as BentallGreenOak, in a deal valued at…

The post Sun Life to Acquire Bell Partners, Combine With BGO Following Buy-Out of Remaining Equity Stake appeared first on REBusinessOnline.

]]>
Landmark Properties Enters Seniors Housing Sector https://rebusinessonline.com/landmark-properties-enters-seniors-housing-sector/ Thu, 26 Mar 2026 13:21:46 +0000 https://rebusinessonline.com/?p=453197 ATHENS, GA. — Landmark Properties, an Athens-based residential developer primarily known for its nationwide portfolio of student housing communities, has announced its expansion into the seniors housing sector. The firm plans to pursue both ground-up development and acquisition opportunities in the senior living space. “Seniors housing sits at an attractive inflection point, having made a meaningful recovery from a unique black swan event and now exhibiting a pronounced supply-demand imbalance,” says Walt Templin, president and chief investment officer of Landmark. “This dynamic creates a compelling entry point for Landmark to leverage its vertically integrated platform.” Landmark has appointed Shashank Goel to lead the company’s entry into seniors housing. Goel will serve as senior director of U.S. seniors housing investment management. Goel, who has more than 10 years of experience in seniors housing, most recently served as assistant vice president at Harrison Street.

The post Landmark Properties Enters Seniors Housing Sector appeared first on REBusinessOnline.

]]>
AH Realty Trust Agrees to Sell 11-Property Multifamily Portfolio to Harbor Group for $562M https://rebusinessonline.com/ah-realty-trust-agrees-to-sell-11-property-multifamily-portfolio-to-harbor-group-for-562m/ Tue, 17 Mar 2026 12:00:00 +0000 https://rebusinessonline.com/?p=452581 VIRGINIA BEACH AND NORFOLK, VA. — AH Realty Trust (NYSE: AHRT), a Virginia Beach-based real estate investment trust (REIT) that changed its name from Armada Hoffler two weeks ago, has agreed to sell 11 of its 14 apartment properties to Norfolk-based Harbor Group International LLC for $562 million in an all-cash transaction. The deal marks an effort by AH Realty to pivot away from the multifamily sector. Harbor Group has provided a $15 million nonrefundable deposit for the transaction, which the companies say is not contingent on financing. The portfolio sale is expected to close in mid‑2026, subject to customary closing conditions. “HGI is acquiring a strong, stable portfolio that has served our company well,” says Shawn Tibbetts, chairman, president and CEO of AH Realty Trust. “By realizing the value of these assets, AH Realty Trust is able to simplify our business, strengthen our balance sheet and continue executing our strategy with clarity and purpose.” According to multiple media outlets, including the Baltimore Business Journal, the assets in the portfolio include: AH Realty Trust will retain Smith’s Landing, a five-story, 284-unit property in Blacksburg, Va. The firm will also keep The Everly and Solis Gainesville in Gainesville, Ga., with the intention…

The post AH Realty Trust Agrees to Sell 11-Property Multifamily Portfolio to Harbor Group for $562M appeared first on REBusinessOnline.

]]>
Public Storage Agrees to Acquire National Storage Affiliates in $10.5B Deal https://rebusinessonline.com/public-storage-agrees-to-acquire-national-storage-affiliates-in-10-5b-deal/ Mon, 16 Mar 2026 11:57:00 +0000 https://rebusinessonline.com/?p=452503 FRISCO, TEXAS AND GREENWOOD VILLAGE, COLO. — Public Storage (NYSE: PSA) has entered into an agreement to acquire National Storage Affiliates (NYSE: NSA) in an all-stock transaction valued at approximately $10.5 billion. Under the terms of the agreement, which is expected to close in the third quarter, NSA shareholders will receive 0.14 of a share of Public Storage common stock for each NSA share they own. The same arrangement applies to shareholders of operating partnership (OP) units of NSA. The price represents a total consideration of $41.68 per share based on Public Storage’s closing per-share price of $297.72 on March 13, 2026. “Public Storage is the ideal strategic fit for our company given their best-in-class brand, operating platform and future growth profile, said David Cramer, CEO of NSA. “By joining PSA, we ensure that the entrepreneurial spirit of our regional partners is preserved within a global platform capable of driving unprecedented scale.” Immediately prior to closing, Public Storage and limited partners in NSA’s OP will form a joint venture that will consist of 313 properties on NSA’s operating platform comprising 19.6 million rentable square feet across 28 states and Puerto Rico. The estimated value of this joint venture is approximately $3.3…

The post Public Storage Agrees to Acquire National Storage Affiliates in $10.5B Deal appeared first on REBusinessOnline.

]]>
Savills Agrees to Acquire Eastdil Secured for $1.1B https://rebusinessonline.com/savills-agrees-to-acquire-eastdil-secured-for-1-1b/ Thu, 12 Mar 2026 11:48:00 +0000 https://rebusinessonline.com/?p=452308 NEW YORK CITY — London-based real estate brokerage firm Savills has entered into an agreement to acquire global advisory firm and real estate investment bank firm Eastdil Secured for roughly $1.1 billion. The transaction is expected to close following the satisfaction of customary regulatory and closing conditions.  Under the terms of the agreement, Savills will purchase all of the equity of Eastdil, which has its U.S. headquarters in New York City. Originally founded in 1967 and acquired by Wells Fargo in 1999, Eastdil Realty merged with real estate investment banking firm Secured Capital Corp. in 2006, forming Eastdil Secured. In 2019, Temasek and Guggenheim Investments acquired Eastdil, with Wells Fargo retaining a minority ownership interest.  Eastdil Secured will continue to operate its existing business model within Savills Group, serving as the company’s global real estate investment bank and maintaining headquarters in New York City, Santa Monica, California, and London. In connection with the acquisition, Eastdil has announced changes to its executive leadership, effective immediately. Roy March, CEO, has been appointed executive chairman. D. Michael Van Konynenburg has been appointed CEO, and James McCaffrey will now serve as president. Van Konynenburg and McCaffrey will also join the Savills Group executive board. …

The post Savills Agrees to Acquire Eastdil Secured for $1.1B appeared first on REBusinessOnline.

]]>
Yamaha Motor Co. to Move U.S. Headquarters to Kennesaw, Georgia https://rebusinessonline.com/yamaha-motor-co-to-move-u-s-headquarters-to-kennesaw-georgia/ Wed, 11 Mar 2026 13:58:19 +0000 https://rebusinessonline.com/?p=452175 KENNESAW, GA. — Yamaha Motor Co. Ltd. has announced plans to move its U.S. headquarters to the northern Atlanta suburb of Kennesaw after nearly 50 years of operation in Cypress, Calif. Yamaha Motor, which manufactures ATVs, boat engines, jet skis and other motorized products, has a strong presence in Georgia already. The Japanese-based company employs 2,300 Georgians at its 1.3 million-square-foot factory in Newnan and its marine and motorsports divisions in Kennesaw, which includes the 75,000-square-foot Marine Innovation Center that opened in 2023. Yamaha Motor Co. will begin its corporate relocation from California to Kennesaw this year and complete the process in 2028.

The post Yamaha Motor Co. to Move U.S. Headquarters to Kennesaw, Georgia appeared first on REBusinessOnline.

]]>
New State Capital Partners Acquires Vast Coworking Group https://rebusinessonline.com/new-state-capital-partners-acquires-vast-coworking-group/ Mon, 09 Mar 2026 14:13:57 +0000 https://rebusinessonline.com/?p=451954 NEW ROCHELLE, N.Y. AND WEST PALM BEACH, FLA. — Private equity firm New State Capital Partners has acquired West Palm Beach-based Vast Coworking Group, which operates more than 200 coworking offices across the world, spanning roughly 2.7 million square feet and serving 70,000 members. The coworking company’s brands include VentureX, Office Evolution and the Intelligent Office. Jason Anderson will continue to serve as CEO of Vast. Morgan, Lewis & Bockius LLP was New State Capital’s legal counsel, while Ice Miller LLP and Boxwood Partners represented the seller, United Franchise Group. Additional terms of the transaction were not disclosed. This purchase marks New State Capital’s second major investment from its fourth investment fund.

The post New State Capital Partners Acquires Vast Coworking Group appeared first on REBusinessOnline.

]]>
Six Flags to Sell Seven Theme Parks to EPR Properties for $331M https://rebusinessonline.com/six-flags-to-sell-seven-theme-parks-to-epr-properties-for-331m/ Fri, 06 Mar 2026 12:45:00 +0000 https://rebusinessonline.com/?p=451894 CHARLOTTE, N.C. AND KANSAS CITY, MO. — Charlotte-based Six Flags Entertainment Corp. (NYSE: FUN), the world’s largest regional theme park operator, has entered into a definitive agreement to sell seven of its amusement parks for $331 million in cash. Kansas City-based EPR Properties (NYSE: EPR), an experiential and entertainment real estate investment trust, was the buyer. The parks total more than 1,600 acres combined and draw approximately 4.5 million visitors annually. “Consistent with our strategy, this divestiture enables us to concentrate our capital, leadership and operational focus on the properties that we believe generate the strongest returns and offer the greatest long-term upside,” says John Reilly, president and CEO of Six Flags. Six Flags will sell a list of parks including Valleyfair in Minneapolis; Worlds of Fun in Kansas City; Michigan’s Adventure in Grand Rapids, Mich.; Schlitterbahn Waterpark Galveston in Galveston, Texas; Six Flags St. Louis in St. Louis; Six Flags Great Escape in Queensbury, N.Y.; and Six Flags La Ronde in Montreal.  Florida-based Enchanted Parks, a newly formed owner-operator entity that was formerly known as Innovative Attraction Management, is partnering with EPR Properties to lease and operate the six U.S. parks, while La Ronde Operations Inc. will lease and operate…

The post Six Flags to Sell Seven Theme Parks to EPR Properties for $331M appeared first on REBusinessOnline.

]]>
Doherty Industrial Group Rebrands as DSD Industrial https://rebusinessonline.com/doherty-industrial-group-rebrands-as-dsd-industrial/ Thu, 26 Feb 2026 14:11:38 +0000 https://rebusinessonline.com/?p=451232 LAS VEGAS — Las Vegas-based Doherty Industrial Group has rebranded as DSD Industrial. The new name formalizes the team’s longstanding operational structure, led by Daniel Doherty, Paul Sweetland and Jerry Doty. DSD Industrial specializes in industrial leasing, investment sales and land transactions. The firm says its significant market activity provides its team with real-time data on pricing and demand shifts enabling a disciplined, transaction-based approach to client advisory. DSD Industrial is supported by the global platform of Colliers.

The post Doherty Industrial Group Rebrands as DSD Industrial appeared first on REBusinessOnline.

]]>
Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal https://rebusinessonline.com/affinius-capital-led-consortium-agrees-to-acquire-veris-residential-in-3-4b-go-private-deal/ Tue, 24 Feb 2026 12:59:00 +0000 https://rebusinessonline.com/?p=451097 JERSEY CITY, N.J. — An investor consortium led by Affinius Capital has entered into a definitive merger agreement to acquire Veris Residential Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT) based in Jersey City. As of Dec. 31, 2025, the company’s portfolio spanned more than 6,500 units in the Northeast, as well as $35 million in land bank holdings. Under the terms of the agreement, the consortium, which also includes Vista Hill Partners, will purchase Veris in an all-cash transaction for $19 per share of the REIT’s common stock, with represents an implied enterprise value of $3.4 billion. As a result of the transaction, Veris will no longer be publicly traded on the New York Stock Exchange. Mahbod Nia, CEO of Veris, says the merger represents the culmination of a multi-year transformation of the company that began in 2020, when the firm, then known as Mack-Cali Realty Corp., established its ESG committee. “Over the past five years, we have undertaken meaningful steps to pivot away from office, simplifying and focusing the business, strengthening our balance sheet and enhancing our operational platform,” says Nia. The transaction price reflects a 23.2 percent premium to Veris’ unaffected closing share price on Wednesday,…

The post Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal appeared first on REBusinessOnline.

]]>
Brookfield to Acquire Peakstone Realty Trust in $1.2B Transaction https://rebusinessonline.com/brookfield-to-acquire-peakstone-realty-trust-in-1-2b-transaction/ Tue, 03 Feb 2026 13:00:00 +0000 https://rebusinessonline.com/?p=449694 NEW YORK CITY AND EL SEGUNDO, CALIF. — Brookfield Asset Management (NYSE: BAM) has entered into a definitive agreement in which one of the firm’s private real estate funds will acquire the outstanding shares of Peakstone Realty Trust (NYSE: PKST), an industrial REIT that has a strategic focus on the industrial outdoor storage (IOS) sector. The El Segundo-based company, which sold off its final office assets in December, currently owns 76 industrial properties, including 60 IOS assets. At a proposed price of $21 per share, the all-cash transaction represents an implied enterprise value of approximately $1.2 billion. The price represents a 34 percent premium relative to Peakstone’s share price on Jan. 30, the last full trading day prior to the announcement. “This transaction recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform,” says Michael Escalante, CEO of Peakstone. At the conclusion of the acquisition, Peakstone will be a privately held company and will be delisted from the New York Stock Exchange. Founded in 2009 as Griffin Realty Trust, the company was rebranded as Griffin Capital Essential Asset REIT in January 2023 and then as Peakstone Realty Trust in 2021. For Brookfield, the…

The post Brookfield to Acquire Peakstone Realty Trust in $1.2B Transaction appeared first on REBusinessOnline.

]]>
Makarora, Ares Complete $2.1B Acquisition of Plymouth Industrial REIT https://rebusinessonline.com/makarora-ares-complete-2-1b-acquisition-of-plymouth-industrial-reit/ Wed, 28 Jan 2026 16:16:47 +0000 https://rebusinessonline.com/?p=449286 NEW YORK CITY AND BOSTON — Affiliates of New York City-based investment firm Makarora Management and global investment firm Ares Management Corp. (NYSE: ARE) have completed the $2.1 billion, all-cash acquisition of Boston-based Plymouth Industrial REIT.   Under the terms of the deal, which was announced last fall, Plymouth shareholders will receive $22 for each share of common stock they own, and Plymouth will no longer be traded or listed on any public securities exchange. The transaction also calls for the acquiring entities to assume certain pieces of Plymouth’s outstanding debt. The purchase price represents a premium of approximately 50 percent to Plymouth’s unaffected closing common stock price on August 18, 2025. That date marks the last trading day prior to the filing of a Schedule 13D by affiliates of Sixth Street Partners LLC disclosing a nonbinding proposal to acquire all of the outstanding shares of Plymouth’s common stock.

The post Makarora, Ares Complete $2.1B Acquisition of Plymouth Industrial REIT appeared first on REBusinessOnline.

]]>