5.5.2022 | This week we recognized 4 capital related transactions with a disclosed value of $7.2 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $3,000 | Breakthrough Properties Raises $3 Billion to Develop Next Generation Life-Science Ecosystems |
| $2,000 | Rockpoint, ADIA to Invest $2 Billion in Industrial Real Estate |
| $1,200 | Dream Industrial REIT and Dream Unlimited Corp. Establish $1.2 Billion Toronto Development JV |
| $1,000 | Big Sky Medical Launches $1 Billion JV to Acquire MOBs |
| $7,200 | Total |
Summary of Transaction Headlines
IREI | “Breakthrough Properties Raises $3 Billion to Develop Next Generation Life-Science Ecosystems”
Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, today announced the final closings for the Breakthrough Life Science Property Fund. The venture raised $3 Billion in direct capital and co-investments, to scale a global portfolio of best-in-class ecosystems for dynamic early-, mid-, and late-stage life-science companies. The $3 Billion raised in fund and co-investment capital surpassed Breakthrough’s initial $1.5 Billion target. It is the largest real estate fund dedicated exclusively to the life-sciences sector, excluding recapitalizations of existing portfolios, according to CBRE and JLL Research.
Commercial Property Executive | “Rockpoint, ADIA to Invest $2 Billion in Industrial Real Estate”
Rockpoint and a wholly owned subsidiary of the Abu Dhabi Investment Authority have formed a platform targeting industrial investment opportunities totaling about $2 Billion, the companies announced Monday. This investment vehicle reportedly will focus on “build-to-core industrial investments in high barrier-to-entry locations across infill, demand-driven, gateway and growth markets in the U.S.”.
IREI | “Dream Industrial REIT and Dream Unlimited Corp. Establish $1.2 Billion Toronto Development JV”
Dream Industrial Real Estate Investment Trust (Trust) has formed a C$1.5 Billion ($1.2 Billion) develop-to-hold joint venture with a leading global sovereign wealth fund. The joint venture will target to buy C$500 Million ($391 Million) of well-located development sites in the Greater Toronto Area (GTA) and other select markets within the Greater Golden Horseshoe Area (GGHA), to build high-quality, best-in-class industrial assets with the intention to hold the properties after stabilization.
Commercial Property Executive | “Big Sky Medical Launches $1 Billion JV to Acquire MOBs”
Big Sky Medical has formed a joint venture with an institutional investor to create a medical office portfolio worth $1 Billion. Newmark facilitated the formation of the partnership between the Dallas-based company and the off-shore institutional investor that’s new to the sector. The joint venture will target medical office buildings across the U.S. and was seeded by a more than $400 Million medical office portfolio that Big Sky Medical had been aggregating for the past 12 months.
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Large Platform Events | Issue 26.16
Large Platform Events | Issue 26.15
