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Private Equity: More Deals, Lower Values

Nearly three-quarters of the capital private real estate firms deployed in Q3 went to single-asset deals, Preqin said Wednesday.

Preqin headquarters in London Headquartered in London, Preqin says Q3 saw a shift toward multifamily and hotel acquisitions.

LONDON—Transaction volume for private equity real estate rose slightly in the third quarter, but the value of those deals was lower, Preqin said Wednesday. Preliminary figures show that Q3 saw 1,170 deals worth a combined US$56 billion, compared to Q2’s 1,147 transactions which totaled US$68 billion.

Smaller single-asset deals drove activity, as the quarter recorded fewer large portfolio deals than Q2. In fact, just three transactions valued at more than US$1 billion were completed during the quarter, while 60% of the deals announced were valued at less than US$50 million, up from US$56 million in the previous three months.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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