3.31.2022 | This week we recognized 4 capital related transactions with a disclosed value of $2.3 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $1,200 | Brookfield Agrees to Buy Hibernia REIT for $1.2 Billion |
| $1,000 | Landmark Properties JV with Abu Dhabi Investment Authority Launches $1 Billion Student Housing Platform |
| $135 | SmartRent Acquires SightPlan for $135 Million |
| N/A | Minto, Greystar JV Acquires University Heights Shopping Centre in Saanich, B.C. for Major Redevelopment |
| $2,335 | Total |
Summary of Transaction Headlines
Yahoo News | “Brookfield Agrees to Buy Hibernia REIT for $1.2 Billion”
Brookfield Asset Management Inc. has agreed to buy Hibernia REIT Plc in a deal valuing the Irish company at about 1.09 Billion Euros ($1.2 Billion). Hibernia’s shares surged to a record. Benedict Real Estate Bidco Ltd., a subsidiary of one of Brookfield’s real estate private funds, will pay 1.634 Euros a share in cash, according to a statement Friday. The price represents a 33.9% premium to Hibernia’s average share price over the past three months.
Multi-Housing News | “Landmark Properties JV with Abu Dhabi Investment Authority Launches $1 Billion Student Housing Platform”
Landmark Properties, in a joint venture with Abu Dhabi Investment Authority, has launched a $1 Billion platform, set to acquire, and operate value-add student housing properties across the U.S. Hodes Weill Securities LLC was the financial advisor for the partnership formation and capitalization. The partnership between the two companies already includes 15,000 beds in major university markets, following the strategy to acquire, develop, renovate, and capture opportunities for value-add properties.
The Real Deal | “SmartRent Acquires SightPlan for $135 Million”
SmartRent, the smart-home startup that went public via SPAC last summer, continues to use its access to the capital markets to swallow up competitors. The company is buying maintenance and resident service software SightPlan for $135 Million in an all-cash transaction, it announced just after releasing its earnings Thursday.
Real Estate News Exchange | “Minto, Greystar JV Acquires University Heights Shopping Centre in Saanich, B.C. for Major Redevelopment”
Minto Properties Inc., an institutional investor and subsidiaries of Greystar Real Estate Partners have created a joint venture to acquire the University Heights shopping centre in the Victoria-area municipality of Saanich. The 11.5-acre property is the site of a major planned mixed-use redevelopment, which was valued at $230 Million when it was proposed in 2020.
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Large Platform Events | Issue 26.16
Large Platform Events | Issue 26.15
