Real Estate M&A deals

Morgan Stanley Real Estate Investing acquired a new Class A industrial facility in Stafford, Virginia for $172.1 million.

Barings acquired Village Center at Rose, a grocery-anchored shopping center in Placentia, California, for $66.2 million.

Slate Grocery REIT, owner of U.S. grocery-anchored real estate, has obtained an interim order from the Ontario Superior Court of Justice for its proposed acquisition by EP/BRX Holdings LLC. The buyer is a joint venture between an affiliate of Brixmor Property Group and affiliates of Everview Partners. The REIT also released meeting and circular details for the vote.

Dream Finders Homes, having completed its acquisition of Beazer Homes USA, began private exchange offers and consent solicitations for Beazer's 7.500% 2031 and 8.000% 2032 senior notes.

Broe Real Estate Group acquired 525 Olive, a 20-story, 204-unit luxury apartment building in San Diego, in an all-cash deal.

New platform M&E Realty Partners, formed by Epta Development and Maynards, acquired an 835,000-square-foot industrial facility in Shelbyville, Kentucky.

Dream Finders Homes has completed its all-cash acquisition of Beazer Homes at an enterprise value of about $2.2 billion. Beazer shareholders received $33.50 in cash per share, and Beazer's stock has been delisted from the New York Stock Exchange.

Terreno Realty acquired a property in Queens, New York for $13.9 million.

LTC Properties made a $52 million off-market acquisition of a 130-unit seniors housing community in Pennsylvania.

Oberndorf Real Estate Management and The Bascom Group acquired the 117-unit Museum Park Apartments in San Jose for $53.1 million.

CBRE Group agreed to acquire Onnec Group, which provides data center infrastructure services to big tech companies in Europe and Asia Pacific. The initial cash price is £460 million (about $610 million), and the parties agreed to additional terms.

Andover Properties acquired a 46,000-square-foot self storage facility in Pinehurst, Texas, to run under its Storage King USA brand.

Hospitality investor TKO LLC publicly called on Service Properties Trust to engage on its October 7 written offer to buy SVC's hotel portfolio for $2.0 billion in cash, saying it has had no meaningful response. TKO says it will put $50 million in escrow once SVC signs an NDA, and it is open to a competitive sale process.

Beazer Homes stockholders voted overwhelmingly to approve the company's acquisition by Dream Finders Homes at a special meeting. The deal already received early termination of the antitrust waiting period, so the vote clears one of the final requirements to close.

Property manager AKAM bought NYC firm Matthew Adam Properties, which manages 85 buildings.

Brookdale completed its roughly $157M purchase of 17 formerly leased senior living communities and agreed to buy 30 more leased communities from Welltower.

LTC Properties acquired two seniors housing communities for $95M, bringing its year-to-date SHOP acquisitions to more than $830M.

Link Logistics acquired the fully leased Eaton Logistics Facility, a 550,992-square-foot Class-A industrial property in Youngsville, North Carolina.

Hospitality investment firm TKO has submitted a formal written offer to buy Service Properties Trust's entire hotel portfolio for $2.0 billion in cash. The offer is subject to definitive documentation and customary closing conditions. TKO says the deal would give SVC liquidity to cut debt and turn it into a pure-play net lease retail REIT.

Sienna Senior Living agreed to acquire Brighton Retirement & Active Living for about C$73.8M, plus a potential C$5M earnout.

The former Bed Bath & Beyond Inc. called off its acquisition of Fathom Holdings, a month after cancelling its F9 Brands deal.

Slate Asset Management and One Investment Management agreed to acquire eight grocery-anchored retail parks in the Greater Oslo region from Tellus Eiendom AS, valued at about €250 million.

CTO Realty bought Summit Woods Crossing, a 545,000-square-foot open-air center in Lee's Summit, Missouri, for $103 million, or $189 per square foot.

The two Nasdaq-listed companies mutually terminated their merger agreement, with both boards concluding a deal at current valuations would not reflect fair value.

The partners acquired Trellis West, a four-building, 90%-leased, 214,152-square-foot R&D campus anchored by Applied Materials and KLA, for $30.9 million.

AMTD said it is a final-stage bidder for a Times Square-area hotel, targeting a close before year end; its existing six-property portfolio totals 919 rooms.

Funds affiliated with merchant bank BDT & MSD Partners agreed to acquire a majority stake in Sunrise Senior Living from the Public Sector Pension Investment Board, partnering with CEO Jack R. Callison, Jr. and the senior leadership team. Sunrise operates more than 230 communities across the U.S. and Canada serving over 22,000 residents, with a development pipeline of more than 50 communities costing roughly $7.5 billion. Terms were not disclosed.

Foundry Commercial, with institutional partner AEW, acquired the 173-unit Allegro Harrington Park in New Jersey and the 136-unit Allegro Hyde Park in Tampa.

National Health Investors acquired six properties with 443 units in Kentucky, Michigan and Tennessee for $107.7 million including transaction costs, to be managed by Allegro Living Management at an initial NOI yield of about 7%.

Kauhale Health completed the acquisition of the former Pines at Bluffton, a delicensed 61-unit South Carolina assisted living property, and plans to invest more than $5 million to relaunch it as a 50-resident memory care community.

10 Federal acquired a 105,182-square-foot, Academy Sports-anchored shopping center in west Fort Worth, its second retail purchase of the month after Burlington Commons in North Carolina.

An institutional net lease buyer acquired a five-property, roughly 480,000-square-foot industrial portfolio from Forms+Surfaces in Pittsburgh and Phoenix in a sale-leaseback advised by Brown Gibbons Lang; terms were not disclosed.

Firestone Partners and Matterhorn Venture Partners acquired a 14,400-square-foot, six-suite industrial building in Marietta, Georgia off-market from a longtime family owner, leasing the two vacant suites at closing.

Elme Communities closed the sale of its final two properties, The Kenmore and 3801 Connecticut Avenue, for about $103.2 million net, finishing its portfolio wind-down and declaring a $1.74 per share liquidating distribution ahead of NYSE delisting.

Westwood Financial acquired Peninsula Marketplace, a 95,416-square-foot, 99%-leased grocery-anchored shopping center in Huntington Beach, California; price not disclosed.

Sterling Organization bought Pavilions Marketplace, a 69,622-square-foot Albertsons-anchored center in West Hollywood, for its Sterling Value Add Partners IV fund's 11th investment.

Linden Property Group acquired Peppertree Apartments, a 194-unit market-rate community in Winchester, Virginia, its 19th asset and second purchase of 2026, closing September 24.

A joint venture of Regal Ventures, Snowball Developments and Devli Real Estate bought a fully leased 186,603-square-foot single-tenant industrial asset in Windsor, Connecticut, occupied under a lease through 2034.

Sterling Organization acquired a 277,057-square-foot, 99%-leased portfolio of three grocery-anchored shopping centers in the San Francisco Bay area and Honolulu for its core fund series.

Flagship Communities REIT acquired a 125-lot, 54%-occupied manufactured housing community in Frankfort, Kentucky for approximately US$2.0 million.

Brixmor Property Group and Everview Partners struck definitive agreements to acquire Slate Grocery REIT in a $2.34 billion deal. Brixmor takes 23 grocery-anchored centers spanning roughly three million square feet for $636 million, all within its existing Florida, Georgia and Carolinas footprint and about 96% leased. A new institutional joint venture between Brixmor and Everview affiliates will buy the remaining 92 assets for $1.71 billion, with an Abu Dhabi Investment Authority subsidiary investing alongside Everview.

Crescent Real Estate has sold The Hotel at Avalon, a 330-room luxury hotel anchoring the Avalon mixed-use development in Alpharetta, Georgia. Crescent bought the property in September 2020 when few investors were willing to underwrite hospitality, and executives said the exit validated that thesis. The firm called it one of the most notable hotel transactions in the Atlanta market in recent years; the price and buyer were not disclosed.

Hendrie Lane Capital, V12 Investments and The Zaro Group acquired a two-building, 170,771-square-foot R&D and advanced manufacturing portfolio in Andover, Massachusetts from Ciminelli Real Estate for $43.5 million.

Buchanan Capital Partners acquired Churchill Tower, a 277,268-square-foot Class A office tower in Dallas's Park Central submarket that is 93% leased.

DLC announced the sale of Randhurst Village in Mount Prospect, Illinois, an open-air center it acquired in 2016 and redeveloped.

Tempus Realty Partners acquired Excelsior Crossings, a 546,548-square-foot Class A office campus in Hopkins, Minnesota, for $66 million.

Related Ross acquired the 1.7-million-square-foot, 124-acre Boca Raton Innovation Campus in Florida, with Newmark arranging acquisition financing from Ares.

Galvanize Real Estate acquired a four-property, 300,000-square-foot industrial portfolio in Milpitas, California, marking its entry into the state.

GMH Communities and Invesco Real Estate acquired Grant Street Station and South Street Station in West Lafayette, Indiana, a two-property, 176-unit, 364-bed student housing portfolio.

Funds managed by Blue Owl Capital's Real Assets platform completed the $91.7 million acquisition of 34 Trustmark bank branch properties, leased back under long-term triple-net leases.

WareSpace acquired two industrial properties totaling about 164,000 square feet in Miami Gardens and South San Francisco for $36.5 million.

EQT Real Estate's Industrial Value Fund VI acquired a 32-building, 5.2 million square foot Southern California logistics portfolio from Rexford Industrial Realty.

Farmers National Company acquired CommonGround, a digital farmland leasing marketplace offering valuation tools and listings for landowners and farmers.

AI-native real estate company Huspy acquired Dubai-based luxury brokerage LuxuryX ahead of the launch of Huspy Signature.

Ryman Hospitality Properties acquired the fee simple interest in the 409-acre Grande Lakes Orlando Resort for approximately $1.38 billion, with the deal closing Sept. 1.

Andover Properties acquired a nearly 62,000 net rentable square foot self storage facility with almost 800 units in Leominster, Massachusetts.

Sunrise Capital Investors acquired Mobile Acres, a 100-lot manufactured housing community in Ashtabula, Ohio that was 94% occupied at acquisition.

Independence Realty Trust and Centerspace agreed to an all-stock merger creating a middle-market multifamily REIT with roughly $8.1 billion total enterprise value and $5.0 billion equity market cap.

Procaccianti Companies and Rugger Capital acquired the 217-key Charleston Harbor Resort, while Suntex Marinas separately acquired the adjacent 450-slip Charleston Harbor Marina.

Texas developer Southerland Communities acquired The Reserve at St. Charles Bay, a waterfront residential community in Rockport, Texas, from McCombs Enterprises.