Chatham Closes on $1.3B Hotel JV
PALM BEACH, FL—The hospitality REIT has exited a three-year-old partnership with Cerberus in two acquisitions: swapping Cerberus for Northstar Realty in a 47-asset JV, and acquiring four properties in Silicon Valley on its own.
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.