Hackman Capital Partners continues to expand its portfolio in the red-hot film production studio market, now $8B and counting.
The company's latest acquisitions include a 70% stake in Raleigh Studios, a century-old 500K SF Hollywood facility located at 5300 Melrose Ave, and Saticoy Studios, a 49.5K SF facility in Van Nuys.
The Raleigh stake was purchased for $140M, or about $400 per SF, from Raleigh Enterprises in a transaction financed with a $90M loan from Bank of the West. The Van Nuys studio also was sold by Raleigh for an undisclosed price. Hackman has been operating both facilities since 2021.
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