Thursday, April 23, 2026
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AcquisitionsCompany NewsNet LeaseTop Stories

Starwood Property Trust to Acquire Fundamental Income Properties for $2.2B

by Hayden Spiess

MIAMI BEACH, FLA. AND PHOENIX — Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group with a core focus on real estate and infrastructure, has announced plans to acquire Fundamental Income Properties for roughly $2.2 billion.  Starwood Property Trust has entered into a definitive agreement with Fundamental, a fully integrated net lease real estate owner and operator based in Phoenix. The transaction is expected to close on July 23, subject to customary closing conditions. Fundamental is currently owned by New York City-based Brookfield Asset Management.  Fundamental’s portfolio totals 12 million square feet across 467 properties in 44 states. The properties feature a weighted average lease term (WALT) of 17 years, with 2.2 percent average annual rent escalations. The portfolio was fully occupied by 92 tenants across 56 industries at the time of the agreement with Starwood.  As part of the acquisition, Starwood will assume Fundamental’s existing financing facilities, which total $1.3 billion, including $900 million of asset-backed security debt. Starwood plans to fund the remainder of the purchase price with a combination of cash and debt and equity capital.  Fundamental’s management team, which comprises 28 employees, will be retained by Starwood Property Trust. BofA …

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Coventry-Court-Tustin-CA
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

Meta Housing Corp. Sells Coventry Court Seniors Housing Community in Tustin, California for $83M

by Amy Works

TUSTIN, CALIF. — Los Angeles-based Meta Housing Corp. has completed the sale of Coventry Court, a mixed-income seniors housing property in Tustin, to Jonathan Rose Cos. for $83 million. Completed in 2012, Coventry Court offers 240 market-rate and income-restricted apartments for residents age 55 or older. Of the 240 units, 153 are designated as affordable at 50, 60 and 110 percent of area median income (AMI), qualifying the property for a 40 percent tax abatement. The remaining 87 units are rented at market rates. Jim Fisher, Vince Norris, Mike Smith and Tommy Yates of Northmarq represented the seller in the deal.

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PhaseII-Hub-Arapahoe-Centennial-CO
ColoradoDevelopmentIndustrialWestern

Jordan Perlmutter & Co. Breaks Ground on Phase II of Hub Arapahoe Industrial Campus in Centennial, Colorado

by Amy Works

CENTENNIAL, COLO. — Jordan Perlmutter & Co. has broken ground on Phase II at Hub Arapahoe, a 22-acre, 304,172-square-foot industrial campus on Arapahoe Road in Centennial. Slated for completion in April 2026, Phase II will include 150,000 square feet of industrial space across two buildings. Pacific Office Automation has preleased 32,000 square feet at Phase II. The groundbreaking follows the successful completion and full lease-up of Phase I, which is fully occupied by FritoLay, Flex Energy Solutions, Med Safety Solutions and D-Bar. Murray & Stafford is serving as general contractor and Ware Malcomb is serving as architect for the project. Dave Lee, Jason Addlesperger and Philip Lee at JLL are handling leasing for the project.

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The-Cannery-Campbell-CA
AcquisitionsCaliforniaOfficeWestern

BH Properties Buys 104,201 SF Cannery Office Campus in Campbell, California

by Amy Works

CAMPBELL, CALIF. — BH Properties has acquired The Cannery, a brick-and-timber office campus at 300 Orchard City Drive in downtown Campbell. Terms of the transaction were not disclosed. The 104,201-square-foot asset is currently 22 percent leased and offers suites ranging from 1,300 square feet to more than 40,000 square feet. Originally constructed in the late 1800s as a fruit cannery, the property underwent a $19.2 million renovation in 2023. Improvements included seismic upgrades, façade enhancements, modern HVAC systems and the creation of a landscaped outdoor amenity space. Steven Golubchik, Edmund Najera, Darren Hollak, Francesca Zappula and Brendan Raney of Newmark represented the undisclosed seller in the transaction.

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818-Gretna-Green-Way-Los-Angeles-CA.jpg
AcquisitionsCaliforniaMultifamilyWestern

CBRE Facilitates $18M Sale of Multifamily Property in Los Angeles

by Amy Works

LOS ANGELES — CBRE has arranged the sale of an apartment building located at 818 Gretna Green Way in the Brentwood neighborhood of Los Angeles. The asset traded for $18 million. The names of the buyer and seller were not released. Adam Peterson and Emil Gurfinkel of CBRE represented both parties in the deal. The property features 27 apartments with in-unit washers/dryers, secure parking and a walkable location near retail and dining options.

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46-004-Kawa-St-Kaneohe-HI
HawaiiIndustrialLoansSelf-StorageWestern

Gantry Secures $10M Refinancing for Self-Storage Facility on Oahu, Hawaii

by Amy Works

KANEOHE, HAWAII — Gantry has secured a $10 million permanent loan to refinance maturing debt for a self-storage facility in Kaneohe on the Hawaiian island of Oahu. The two-story, climate-controlled facility features 698 units encompassing 50,135 rentable square feet. Public Storage manages the property, which is located at 46-004 Kawa St. Robert Slatt and Alex Poulos of Gantry arranged the five-year, fixed-rate loan through a regional bank for the borrower, a private real estate investor.

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DevelopmentFloridaSoutheastStudent Housing

Deven, Castle Lanterra Break Ground on $95M Student Housing Development Near University of Central Florida

by John Nelson

ORLANDO, FLA. — A partnership between Development Group Ventures, a subsidiary of Kajima USA and Kajima Corp., and Castle Lanterra have broken ground on a 631-bed student housing development near the University of Central Florida (UCF) campus in Orlando. Additional contributors to the project include PLT America Corp. and Sumitomo Mitsui Trust Bank, which provided financing for the project. Situated within the Quadrangle Business Park, the estimated $95 million project will total 304,969 square feet and comprise five stories. Completion is slated for summer 2027. The development will offer 177 units in one- to six-bedroom configurations. Shared amenities will include a sky lounge with lake views, golf/multi-sport simulator, rock climbing wall, outdoor fitness lawn with a sauna and cold plunge, Jumbotron, resort-style swimming pool, study spaces on each floor, game rooms, an activity kitchen, bicycle storage and a UCF shuttle stop.

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DevelopmentFloridaMultifamilySoutheast

City of Boca Raton Approves 306-Unit Modera Boca Apartment Development

by John Nelson

BOCA RATON, FLA. — The City of Boca Raton’s Community Redevelopment Agency has approved the community plan submission for Modera Boca, a 306-unit apartment development that will be located at 400 S. Dixie Highway. The developers include Mill Creek Residential and Group P6, who will move forward with the ground breaking in the near future. Planned amenities at Modera Boca will include a pool, lounge, fitness center, coworking spaces, dog park, clubhouse and a Zen garden. In addition to the apartment community, the project will include new pedestrian features along Dixie Highway and a revitalization of a neighboring city park.

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DevelopmentDistrict of ColumbiaLoansOfficeSoutheast

HGI Provides $38.3M Refinancing for Office Building in D.C.’s East End

by John Nelson

WASHINGTON, D.C. — Affiliates of Harbor Group International LLC (HGI) have provided a $38.3 million loan for the refinancing of a 12-story office building located at 1250 Eye St. in Washington, D.C.’s East End district. The borrower is Kairos Investment Management Co., which purchased the 180,000-square-foot property in 2023. Kairos plans to use the loan proceeds to refinance existing debt and fund ongoing renovations and enhancements of the property, while also supporting leasing activity. These enhancements will include a new amenity suite on the 12th floor that Gensler designed that will feature an elevated hospitality lounge, conference center, bar/kitchen and terrace. Renovations include move-in ready office spaces and upgrades to commons areas including the lobby, fitness center, bike room and parking/valet services.

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AcquisitionsRetailSoutheastTennessee

RealtyLink Sells Nashville Grocery Store Leased to Sprouts for $9.5M

by John Nelson

NASHVILLE, TENN. — Greenville, S.C.-based development firm RealtyLink LLC has sold a freestanding grocery store located at 5821 Nolensville Pike in Nashville for $9.5 million. Phoenix-based Sprouts Farmers Market occupies the 22,988-square-foot retail property, which was developed in 2023 on a 2.9-acre parcel. The triple-net lease features five five-year renewal options with rental increases every five years. Jeff Lefko and Bill Asher of Hanley Investment Group Real Estate Advisers, along with ParaSell Inc. and Joe Caccamo and Lea Kuehnhackl of CP Partners, represented RealtyLink in the sale. Chris Thompson of JRW Realty in Pasadena, Calif., represented the buyer, a private investor based in the Los Angeles area.

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