02.23.23 | This week we recognized 3 capital-related transactions with a disclosed value of $3.2 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $1.2 | Mill Creek’s New Investment Strategies Raise $1.2 Billion for US Residential |
| $10.6 | Bywater and Sumitomo Forestry Set Out Aspirations for £1 Billion ($1.2 Billion USD) JV |
| $0.8 | Centerbridge Partners, GIC Real Estate Agree to Acquire INDUS Realty Trust for $868 Million |
| $7.4 | Total |
Summary of Transaction Headlines
Multi-Housing News | “Mill Creek’s New Investment Strategies Raise $1.2 Billion for US Residential”
Multifamily acquisition, development, and management firm Mill Creek Residential has formed four new investment vehicles to invest in the U.S. residential rental sector. These include a pair of separately managed accounts to develop single-family rental communities, an investment partnership to develop multifamily communities and Mill Creek’s first commingled fund to continue its value-add acquisitions strategy. Together, these investment vehicles total $1.2 Billion.
Property Week | “Bywater and Sumitomo Forestry Set Out Aspirations for £1 Billion ($1.2 Billion USD) JV”
Sumitomo Forestry, one of Japan’s largest developers, has established a joint venture with British developer Bywater Properties to enter the UK real estate market, focusing on low-carbon property development and refurbishment. The new JV, Bywater SFC, aims to accumulate over £1 Billion ($1.2 Billion USD) in assets across the UK and Europe and has a strong focus on decarbonisation and mass timber real estate projects.
Business Wire | “Centerbridge Partners, GIC Real Estate Agree to Acquire INDUS Realty Trust for $868 Million”
INDUS Realty Trust, Inc. (Nasdaq: INDT), a U.S. based industrial/logistics REIT, today announced it has entered into a definitive merger agreement under which affiliates of Centerbridge Partners, L.P. (“Centerbridge”), a leading global private investment firm with deep experience in real estate, and GIC Real Estate, Inc. (“GIC”), a global institutional investor, will acquire all of the outstanding shares of the Company in an all-cash transaction valued at approximately $868 Million. The transaction was unanimously approved by the participating members of INDUS’ Board of Directors.
