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The firm sold the single-tenant assets totaling 425,000 square feet; currently leased to tenants including Walmart and Tesla.

The property could be bifurcated into a potential 375-unit building and another consisting of 284 units.

The acquisition will add 40 capital markets professionals to Marcus & Millichap's team.

The deal will make Pretium the second largest owner and operator of single-family rental housing in the US.

For every $1 invested in community-wide and building level adaptation, the region will see about $2 and $4 in benefits, respectively, the report finds.

Blackstone is commencing a go-shop process on behalf of BioMed's current investors.

"Strong and growing capital flows into the life science sector are accelerating innovation and discovery."

Catalyst and The Carlyle Group sold the 296-unit property to RK Properties.