Summary of Transaction Headlines

Reuters | “Walgreens Agrees to be Acquired by Private Equity Firm Sycamore Partners for Nearly $10 Billion”

Walgreens Boots Alliance announced that it has agreed to a $10 Billion deal to be acquired by private equity firm Sycamore Partners and go private. After years of falling sales and rising costs, the drugstore chain is trying to turn its business around outside the public eye. Walgreens said that Sycamore would pay $11.45 a share in cash, giving the deal an equity value of around $10 Billion. Shareholders could receive an additional $3 a share, according to proceeds from sales of Walgreens’ primary-care assets.

IREI | “RCG Ventures Acquires $1.8 Billion Multi-tenant Retail Portfolio”

RCG Ventures has announced the approximately $1.1 Billion first close of its acquisition of a multi-tenant retail portfolio from Global Net Lease (GNL). The transaction included a new loan facility with Truist and Key Bank and equity investments from multiple institutional investors, including Ares Management Alternative Credit funds, Koch Real Estate Investments, and Goldman Sachs Alternatives. For more than 20 years, RCG has invested in multi-tenant retail, focusing on shopping centers anchored by national tenants in high-growth markets.

IPE Real Assets | “Segro and Pure DC to Develop £1 Billion ($1.2 Billion USD) Pre-let UK Data Centre Project Logistics Platform”

Real estate investment trust (REIT) Segro has teamed up with Pure Data Centres (DC) to develop a £1 Billion ($1.2 Billion USD) pre-let data center in the UK. The European industrial and urban warehouse REIT plans to contribute a 10-acre West London industrial site and around £150 Million ($193.5 Million USD) in cash equity to the 50-50 joint venture with Pure DC to develop the 56 Mega Watt data centre in Park Royal. The remaining construction costs are to be financed by non-recourse bank financing before the start of construction, Segro added. 

Commercial Observer | “Dollar Tree to Sell Family Dollar to Private Equity Firms for $1 Billion”

Dollar Tree is set to sell its Family Dollar chain of stores to private equity firms Brigade Capital Management and Macellum Capital Management for just over $1 Billion. Dollar Tree, whose stores often operate in middle-income suburbs, acquired the Family Dollar chain, which largely caters to more urban areas, in 2015 for roughly $9 Billion. But factors like inflation and shoplifting forced Dollar Tree to close roughly 1,000 Family Dollar stores in 2024, and with shares down about 10 percent so far in 2025, Dollar Tree began a review of its struggling chain last summer.

IPE Real Assets | “SDS Capital Launches $1 Billion US Affordable Housing Debt Fund”

Impact fund manager SDS Capital has launched a financing strategy to provide debt to developers of US affordable housing. SDS Impact Debt (SDSID), which is expected to finance over $1 Billion in new housing units within 18 months, offers below-market permanent and construction financing, the manager said. Los Angeles-based SDS Capital said SDSID, an asset-backed financing business line, is currently working on finalizing six financings for 1,427 multifamily housing units.

IREI | “SC Capital Partners Closes Sixth Asia Pacific Opportunistic Real Estate Fund for $900 Million”

SC Capital Partners Group has held a $900 Million final closing for its sixth opportunistic Asia Pacific real estate fund, Real Estate Capital Asia Partners VI L.P. (RECAP VI) and related entities. RECAP VI focuses on growth-oriented, opportunistic investments across the developed markets in Asia Pacific, employing a thematic investment approach that leverages SC Capital Partners’ specialist in-house operating platforms in the key areas of technology and hospitality.

CoStar | “Colliers Hires New Head of Retail Capital Markets”

Mark Girling joins from Montagu Evans. Colliers has made a key strategic hire in recruiting Mark Girling as an Executive Director to become Head of the firm’s Retail Capital Markets team. With more than 40 years’ retail and leisure investment experience across the UK and Europe, Mark has played a pivotal role advising clients on many high-profile acquisitions, disposals, and development fundings for major institutional, government, REIT, developer, and property company investors.

Commercial Observer | “Jon Paul Perez Promoted to CEO at Related Group”

Jon Paul “JP” Pérez has been promoted to CEO of Related Group, Miami’s largest condo developer. Son of Founder Jorge Pérez, JP has served as the Miami-based company’s President since 2020. The executive joined the family business in 2012 after working at Related Companies in New York. Jorge, previously CEO and Executive Chairman, will now serve as Executive Chairman.

Business Wire | “Sabra Health Care REIT, Inc. Announces Chief Investment Officer Transition”

Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) announced that Talya Nevo-Hacohen, Sabra’s Chief Investment Officer, Treasurer, and Executive Vice President, has decided to retire effective December 31, 2025, and Darrin Smith, Sabra’s Executive Vice President, Investments, is expected to be elevated to the role of Sabra’s Chief Investment Officer effective January 1, 2026. Ms. Nevo-Hacohen is expected to remain in a consulting role with Sabra pursuant to a two-year consulting arrangement.

Business Wire | “Robert R. Dillard Joins KB Home as Executive Vice President and Chief Financial Officer”

KB Home (NYSE: KBH) announced that it has appointed Robert R. Dillard as the company’s Executive Vice President and Chief Financial Officer, effective March 31, 2025. Most recently, Mr. Dillard was the Chief Financial Officer at Sonoco Products Company (NYSE: SON), a packaging and industrial products company, with 2024 net sales of $5.3 Billion. Previously, he was the President of Domtar Personal Care Europe, a division of Domtar Corporation, and the President of Stanley Hydraulics, a division of Stanley Black & Decker (NYSE: SWK).