Valuation: More than $150 million

Philadelphia Business Journal MRP Realty has paid $210 million, or $150/sf, for 43 industrial properties with 1.4 million square feet in suburban Philadelphia. The Washington, D.C., company bought the properties from the Gambone Group of East Norriton, Pa. The portfolio ...

A venture led by Brandywine Realty Trust has lined up $186.7 million of construction financing against the Schuylkill Yards West mixed-use project in Philadelphia. The loan matures in July 2025 and pays a floating rate that results in a 3.75 ...

Asia Capital Real Estate has raised $325 million for ACRE Credit Fund I, exceeding its $300 million target. The Atlanta alternative lender started raising capital for its fund early last year. Among those contributing capital included institutional investors, such as ...

Commercial Real Estate Direct Staff Report KKR Real Estate Finance Trust, which last Friday priced a $1.3 billion collateralized loan obligation backed by commercial mortgages, will be calling, or retiring, the remaining bonds from a CLO it had issued three ...

The structured tax-deferred exchange market continues to roll. This year through June, $2.75 billion of equity capital was raised, according to Mountain Dell Consulting LLC. That puts it on track to easily crush the $3.65 billion record set by the ...

Commercial Real Estate Direct Staff Report Boston Properties Inc. plans to assume the $202.3 million CMBS loan against 360 Park Ave. South, a 451,800-square-foot office building in Manhattan. As reported, the Boston REIT has agreed to acquire the property for $300 ...

Boston Properties Inc. has agreed to pay $465 million, or $581.25/sf, for Safeco Plaza, an 800,000-square-foot office building in downtown Seattle. The Boston REIT purchased the 50-story property, at 1001 Fourth Ave., from a group of Korean investors that had purchased ...

The Real Deal Black Spruce Management, a New York multifamily investor, has agreed to sell a roughly 50 percent stake in 60 Manhattan apartment properties in a deal that values the 950-unit portfolio at $400 million, or $421,053/unit. Brothers Eli ...

Independence Realty Trust Inc. has agreed to acquire Steadfast Apartment REIT Inc. in an all-stock transaction valued at about $2 billion, plus the assumption of $2.2 billion of debt. The transaction, slated to be completed by the end of the ...

Atlanta Business Chronicle Equity Residential has bought the Osprey, a 319-unit apartment building in Atlanta's West Midtown submarket, for $153 million, or about $479,624/unit. The Chicago REIT bought the property, at 980 Howell Mill Road, from Toll Brothers Apartment Living, ...