8.4.22 | This week we recognized 1 capital-related transaction with a disclosed value of $410 Million USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $0.4 | Morgan Properties Acquires Two Midwest Portfolios for $410 MillionBlackstone has Raised $24 Billion for Its Latest Real Estate Fund |
| $0.4 | Total |
Additionally, we recognized 1 leadership change within the industry.
Summary of Transaction Headlines
GlobeSt. | “Morgan Properties Acquires Two Midwest Portfolios for $410 Million”
Morgan Properties has acquired two portfolios totaling eight apartment communities and 2,986 units in Illinois and Indiana. The two portfolios combined sold for $410 Million. With the addition of these new communities, Morgan Properties now owns and operates 2,035 units in Illinois, 3,692 units in Indiana, and more than 95,000 units nationwide. The Illinois portfolio consists of The Lakes of Schaumburg, which includes 428 units in Schaumburg; Blackhawk Apartments, comprised of 371 units in Elgin; and The Gates of Deer Grove, including 204 units in Palatine.
PE Hub | “CenterSquare Investment Management Appoints Crowe as President”
CenterSquare Investment Management has promoted Scott Crowe to President. Crowe has served as chief investment strategist since 2015 and will continue to report CenterSquare CEO and CIO E. Todd Briddell. “Scott’s leadership has been a critical component of our success and will be paramount to capturing the robust opportunities that lie ahead, ” said Briddell in a statement. “He has been a relentless champion of innovation, product development and thought leadership across our listed and private platforms. I am incredibly energized to continue to partner with Scott to deliver outstanding performance on behalf of our clients.”
If you would like to learn more about the large platform events we are tracking, please reach out to David Stanford or John Seaton. If you would like to suggest a news or media outlet that should be considered, please contact us.
