Oakwood Majorly Increases US Footprint with JV
LOS ANGELES—The $4-billion joint venture between Mapletree and Oakwood will increase Oakwood Worldwide's branded apartments in the US from 10 properties to 70, CFO Bill Foltz tells reporter Kelsi Maree Borland.
NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.
BOISE, ID—The new hire brings more than 35 years’ experience in commercial real estate finance to the middle-market loan provider.
NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS’ Kent Elliott tells GlobeSt.com.
Middle Market Digest
Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region.