Category Archives: Acquisition

Industrial Property Trust to Acquire CostCo Distribution Center in NJ for $23.5M

A subsidiary of Denver-based Industrial Property Trust Inc. has agreed to acquire a 100 percent fee interest in the 8A Distribution Center, an industrial building at 1 Jebara Way in…

REIT Agrees to Pay $29.25M for Hilton Garden Inn in Austin, TX

Moody National REIT I, Inc. has agreed to acquire the Hilton Garden Inn Northwest Arboretum, a hotel property in Austin, Texas, for an aggregate purchase price of $29.25 million, excluding…

Industrial Property Trust Agrees to Acquire O’Hare Distribution Center for $27.1M

IPT O’Hare DC LLC, a subsidiary of Denver, CO-based Industrial Property Trust Inc., has entered into an agreement to acquire a 100 percent fee interest in the O’Hare Distribution Center,…

Industrial Property Trust Agrees to Acquire Corridor Industrial Center II for $27M

IPT Acquisitions LLC, a subsidiary of Denver, CO-based Industrial Property Trust, has entered into an agreement to acquire Corridor Industrial Center II, three industrial buildings totaling 429,000 square feet on…

Northstar Closes on $125M Long Island Senior Living Portfolio Acquisition

NorthStar Healthcare Income, Inc. has completed its acquisition of a 570-unit portfolio of four senior living facilities in Long Island, NY for a purchase price of $125 million, plus closing…

Hines Agrees to Sell Airport Corporate Center Near Miami for $132.3M

Houston-based Hines Real Estate Investment Trust, Inc. has entered into a contract to sell Airport Corporate Center, a portfolio of properties located in the Miami Airport submarket of Miami, FL….

Industrial Property Trust Commits $43M to Properties in Dallas, San Francisco, Atlanta

Denver-based Industrial Property Trust has committed $43 million to three industrial buildings in the Dallas, San Francisco and Atlanta markets. On August 5, 2014, the company entered into an agreement…

171 17th Street in Atlanta to Sell for $132.5M

A subsidiary of KBS Real Estate Investment Trust III, Inc. has entered into an agreement to acquire the 509,237 rentable square foot office property at 171 17th Street in Atlanta,…

KBS Sells Torrey Reserve West in San Diego for $39.2M

A subsidiary of KBS Real Estate Investment Trust II, Inc. has sold Torrey Reserve West in San Diego, CA to a subsidiary of California State Teachers’ Retirement System (CalSTRS) for…

Steadfast Apartment REIT Pays $27.9M for Harrison Place Apartments in Indianapolis

A subsidiary of Steadfast Apartment REIT, Inc. has acquired a fee simple interest in Harrison Place Apartments, a 307-unit multifamily residential community in Indianapolis, IN, for $27.9 million, exclusive of…