Selected Real Estate M&A Transactions
VALUEPROPERTYTRANSACTIONMATTER CLIENT
$3.4 billion Urban Shopping Centers, Inc. Tender offer by Rodamco North America N.V. for public shopping center REIT and related $1.7 billion acquisition financing JPMorgan, financial advisor and lender to Rodamco
$3.4 billion La Quinta Corporation Acquisition of NYSE-listed company that owns more than 360 hotels and franchises over 200 hotels in 39 states; Securitized mortgage financing in the amount of $3 billion The Blackstone Group
$3.2 billion Wyndham Hotel Company Acquisition of AMEX-listed company that is the owner, operator and franchisor of 142 upscale and luxury hotels and resorts around the world; $2.8 billion securitized mortgage financing The Blackstone Group
$2.1 billion Franchise Finance Corp. of America Sale of a public mortgage REIT to General Electric Capital Corporation Franchise Finance Corp. of America
$1.8 billion Host Marriott Contribution of Blackstone Real Estate Partners’ interest in 13 luxury hotels to Host Marriott in exchange for operating partnership units The Blackstone Group
$1.76 billion Riverside South Project/Trump Place Acquisition of nine development parcels and three multi-family buildings on the Hudson waterfront in New York City; $1.1 billion construction and land acquisition financing with Hypo Real Estate Corporation; Reported as the largest residential real estate transaction in New York City history The Carlyle Group
$1.5 billion Berkshire Realty Company Inc. Acquisition by private investment group and company management of public multi-family housing REIT The Blackstone Group, acquiror
$1.4 billion Columbia Sussex Portfolio Sale Sale of a portfolio of 14 full service hotels to an affiliate of Columbia Sussex Corporation Wyndham International
$800 million First Washington Realty Trust Sale of public shopping center REIT to an affiliate of California Public Retirement Employees’ Retirement System JPMorgan, financial advisor to First Washington
$750 million; $415 million CB Richard Ellis Group Acquisition of CB Richard Ellis Group, a public commercial real estate services firm and subsequent merger of CB Richard Ellis Group with Insignia ESG Blum Capital Partners, acquiror
$475 million 1166 Avenue of the Americas Stand-alone securitized mortgage financing of world headquarters Marsh & McLennan Companies, Inc.