Tag Archives: Real estate

Realty Income and Apollo to Establish Strategic Partnership

Apollo logo
Funding Arrangement Will Advance Realty Income’s Private Capital Initiative with Leading Asset Manager
Initial Apollo Investment of $1.0 Billion for 49% Equity Interest in Portfolio of Existing U.S. Realty Income Retail Assets
Cost-Efficient Long-Term Equity with 100% Permanent Equity Treatment by Rating Agencies

SAN DIEGO, CALIFORNIA, and NEW YORK, NEW YORK, March 19, 2026 – Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, and Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates intend to provide a $1.0 billion investment to Realty Income to acquire a 49% interest in a new joint venture entity that is expected to own a diversified portfolio of single-tenant retail properties subject to long-term net leases. Realty Income will continue to manage the portfolio, which includes approximately 500 retail assets that benefit from stable, contractual cash flows and are supported by Realty Income’s operating platform and long-standing asset management expertise.

“We are pleased to announce Apollo’s targeted equity investment in a highly diversified, income-producing portfolio. As real estate partner to the world’s leading companies®, we expect this partnership will serve as a template for a multi-billion-dollar, programmatic co-investing relationship in the U.S. Our size, scale, and longstanding commitment to providing dependable monthly dividends to investors make this a natural fit with Apollo’s insurance capital. Realty Income has demonstrated the ability to attract scaled commitments from partners looking to invest in our operating platform, and this new joint venture will further expand our access to efficient sources of private funding from one of the world’s leading financial institutions,” said Sumit Roy, Realty Income’s President and Chief Executive Officer.

Apollo Partner Jamshid Ehsani said, “This transaction represents a landmark deal in the public REIT space. We believe the combination of Apollo’s long-term capital with Realty Income’s large, growing and diversified portfolio of high-quality net lease assets creates a highly complementary partnership. This partnership with Realty Income represents a programmatic framework for long-term alignment and repeatable capital deployment over time.”

The joint venture represents a cornerstone component of Realty Income’s private capital initiative, which is designed to diversify the Company’s sources of capital and complement its access to the public equity markets. Realty Income expects the long-term partnership with Apollo to provide a scalable source of equity to support investment activity in long-duration, stabilized assets, while maintaining balance sheet strength and financial flexibility.

Realty Income CFO Jonathan Pong said, “This structured equity funding arrangement with Apollo is expected to unlock a source of meaningful savings relative to our long-term cost of public equity capital. Further, the cost of future tranches of this capital is expected to flex commensurate with long-term interest rates and will be priced independent of public markets, supporting a more stable source of equity. We are pleased that this structure has received permanent equity treatment by both Moody’s and S&P.”

Apollo Partner Joseph Jackson commented, “Realty Income is a leading global net lease real estate player with a long track record of disciplined growth and portfolio performance. Apollo’s intention to make a substantial upfront and anticipated follow-on investments into Realty Income’s high-quality assets demonstrates our ability to deliver differentiated capital solutions tailored to our partner’s objectives.”

Since 2020, Apollo has originated over $100 billion of bespoke capital solutions for leading companies such as Intel, Keurig Dr Pepper, Air France-KLM, BP, Sony, AB InBev, Vonovia and more.

The transaction is expected to close on March 31, 2026, subject to finalization and execution of the documentation, and customary closing conditions.

Goldman Sachs & Co. LLC acted as exclusive structuring agent and financial advisor to Realty Income, and Wells Fargo Securities served as financial advisor to Apollo.

Transaction Highlights

Under the terms of the transaction, Realty Income is expected to receive $1.0 billion of gross proceeds in exchange for Apollo’s acquisition of a 49% interest in a joint venture that indirectly owns a diversified net lease portfolio comprised entirely of single-tenant retail properties. Realty Income will manage the properties under a long-term management agreement.

Realty Income will retain the right to exercise a call option to redeem Apollo’s equity interest after year 7 and through year 15 of the joint venture, with the future call price calculated to ensure a capped IRR of 6.875% to Apollo during its ownership period.

Key portfolio metrics of the anticipated portfolio, as of December 31, 2025, are as follows:

  • Number of U.S. retail properties: ~500
  • Cash annualized base rent: $140 million
  • Weighted average remaining lease term: 9.1 years
  • Investment grade exposure (as percentage of total portfolio base rent): 28%
  • Compound annual contractual growth rate: 1.0%
  • Top five industries: Dollar Stores (9.9%), Quick Service Restaurants (8.3%), Drug Stores (7.9%), Grocery (7.7%), Health & Fitness (7.5%)

Portfolio metrics are subject to finalization and may change based on the final composition of the portfolio.

Realty Income has published an investor presentation providing additional information on this transaction, which can be found at www.realtyincome.com/investors/investor-presentation.

About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world’s leading companies®. Founded in 1969, we serve our clients as a full-service real estate capital provider. As of December 31, 2025, we have a portfolio of over 15,500 properties in all 50 U.S. states, the U.K., and eight other countries in Europe. We are known as “The Monthly Dividend Company®” and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 669 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for over 31 consecutive years. Additional information about the company can be found at www.realtyincome.com.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words “estimate,” “anticipate,” “expect,” “believe,” “intend,” “continue,” “should,” “may,” “likely,” “plans,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of the joint venture with Apollo, including the execution and completion thereof, our ability to exercise the call right to redeem Apollo’s equity interest in the joint venture and the call price payable therefor, entry into subsequent joint ventures on a programmatic basis, our business and portfolio including management thereof, and the intentions of management and dividends, including the amount, timing and payment of dividends related thereto. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our ability to execute and close the joint venture on the anticipated terms, or at all, our and the joint venture’s financial performance; our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); volatility and uncertainty in the credit and financial markets; other risks inherent in the real estate business including our clients’ solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments (including rights of first refusal or rights of first offer), and potential damages from natural disasters; impairments in the value of our real estate assets; volatility and changes in domestic and foreign laws and the application, enforcement or interpretation thereof (including with respect to tax laws and rates); property ownership through co-investment ventures, funds, joint ventures, partnerships and other arrangements which, among other things, may transfer or limit our control of the underlying investments; epidemics or pandemics; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers, acquisitions, co-investment ventures, funds, joint ventures, partnerships, and other arrangements; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Past operating results and performance are provided for informational purposes and are not a guarantee of future results. There can be no assurance that historical trends will continue. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release and forecasts made in the forward-looking statements discussed in this press release may not materialize. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

Contacts

For Realty Income:
Jonathan Pong
Executive Vice President, CFO and Treasurer
+1 858 284 5177
jpong@realtyincome.com

For Apollo:
Noah Gunn
Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com

Categories: News

Tags:

Alexander & Baldwin is Taken Private in $2.3 Billion Transaction

Blackstone

HONOLULU – Alexander & Baldwin (“A&B” or the “Company”), a Hawaiʻi-based owner, operator and developer of high-quality commercial real estate in Hawaiʻi, today announced that a joint venture formed by an affiliate of MW Group and funds affiliated with Blackstone Real Estate and DivcoWest (collectively, the “Investor Group”) has completed its previously announced acquisition of all outstanding A&B common shares in an all-cash transaction with an enterprise value of approximately $2.3 billion, including outstanding debt. The closing of the transaction follows approval by A&B shareholders at the Company’s Special Meeting of Shareholders on March 9, 2026.

Pursuant to the terms of the merger agreement, holders of A&B common shares who held their shares through the effective time of the merger are entitled to receive an amount in cash equal to $21.20 per share, without interest and less any applicable withholding taxes and less A&B’s fourth quarter 2025 dividend of $0.35 per share, which was paid on January 8, 2026, to shareholders of record as of the close of business on December 19, 2025 (resulting in a net payment at closing of $20.85 less any applicable withholding taxes). As a result of this transaction, A&B’s common stock has ceased trading on the New York Stock Exchange and it is now a private company.

BofA Securities served as A&B’s exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP and Cades Schutte LLP served as legal advisors.

Simpson Thacher & Bartlett LLP and Carlsmith Ball LLP served as Blackstone’s legal counsel.

Gibson, Dunn & Crutcher LLP and McDermott Will & Schulte LLP served as legal counsel to DivcoWest and MW Group in connection with the transaction. Schneider Tanaka Radovich Andrew & Tanaka LLLC served as additional legal counsel to MW Group.

The transaction was announced on December 8, 2025.

About Alexander & Baldwin

Alexander & Baldwin (A&B) is a commercial real estate operator focused on grocery-anchored retail and select commercial assets across Hawai‘i. A&B is the state’s largest owner of neighborhood shopping centers. The company owns and manages approximately 4.0 million square feet of commercial space in Hawai‘i, including 21 retail centers, 14 industrial assets, four office properties, and 146 acres of ground lease holdings. Over its 156-year history, A&B has evolved with the state’s economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. A&B is privately held through a joint venture formed by MW Group, Blackstone Real Estate and DivcoWest.

Learn more about A&B at www.alexanderbaldwin.com.

About MW Group, Ltd.
MW Group, Ltd. is a privately-held, commercial real estate development company based in Honolulu, Hawai‘i. For more than three decades, the company has led the acquisition, development and management of a diverse portfolio of commercial properties valued at over $1 billion, including retail, industrial, office, self-storage facilities and senior assisted living communities. The company is committed to long-term stewardship, community-building, and creating enduring value through strategic partnerships and operational excellence. Learn more at www.mwgroup.com.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $319 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

About DivcoWest
Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Beverly Hills, Menlo Park, Washington DC, Austin, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 61 million square feet of commercial space – primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. Follow @DivcoWest on LinkedIn.

Contacts:

A&B
Investor Contact:
Clayton Chun
(808) 525-8475
investorrelations@abhi.com

Media Contact:
Tran Chinery
tchinery@abhi.com

MW Group
Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

Blackstone

Jeffrey Kauth
jeffrey.Kauth@Blackstone.com

Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

DivcoWest
Andrew Neilly
A2N2 Public Relations
925.915.0759
andrew@A2N2PR.com

Nancy Amaral
A2N2 Public Relations
925.915.0673
nancy@A2N2PR.com

Categories: News

Tags:

Hale Secures ~A$750 Million for Second Vintage Logistics Series Backed by Global Institutional Investors

Warburg Pincus logo
  • Second vintage anchored by Warburg Pincus and Oxford Properties, with a leading institutional investor joining as a new partner
  • Capital to be deployed across opportunistic development and core-plus/value-add strategies, targeting supply-constrained infill logistics markets across Australia

Sydney, Australia, March 10, 2026 — Hale, a vertically integrated Australian logistics manager and developer with A$3.3 billion in AUM[1], today announced the closing of approximately A$750 million in new equity commitments, marking the successful capital raise of the firm’s two flagship investment vehicles, HCLF2 and HCILF2.

The commitments were secured from a consortium of three global institutional investors, including Warburg Pincus and Oxford Properties, both of which have re-committed to this fundraising series after serving as cornerstone investors for Hale’s inaugural vintages. Hale is also pleased to welcome one of the world’s leading institutional investors, with an established global track record in logistics investing, as a new partner for this series.

The new capital will be deployed across Hale’s two primary strategies:

  • An opportunistic fund focused on development of modern and last-mile logistics facilities in supply-constrained urban markets;
  • A value-add/core plus vehicle targeting high-quality income-producing assets and repositioning strategies.

This dual-track raise positions Hale to immediately capitalise on current market dislocations and structural shifts in the Australian logistics market, including urbanization, population growth, infrastructure investment, and continued e-commerce penetration. Infill industrial vacancy across key east coast markets remains near historic lows, while limited land supply in inner-ring locations continues to support rental growth and redevelopment opportunities.

With partners including Warburg Pincus, Oxford Properties, and a major global investor, Hale combines global insights with local expertise to source, execute, and manage complex, large-scale transactions.

Robert McMickan, Joint Managing Director and Co-founder, Hale:

“Securing these commitments from high-calibre institutional partners marks a transformative milestone for Hale, reflecting deep institutional conviction in our strategy and platform. We are particularly grateful for the continued support from Warburg Pincus and Oxford Properties. Having cornerstoned our first vintage, their decision to re-commit to this second series is a strong endorsement of our execution capabilities and track record. Welcoming a pre-eminent global investor as a new partner further underscores our ability to deliver outperformance across the risk spectrum. This capital will allow us to scale with discipline during a pivotal moment in the real estate cycle.”

Andrew Fitzpatrick, Managing Director, Warburg Pincus, said:

“Hale has quickly established itself as a leading infill logistics platform in Australia. Since our partnership began in 2021, the team has demonstrated strong execution, disciplined underwriting, and differentiated origination in supply-constrained urban markets. Our re-commitment reflects our conviction in the long-term growth opportunities in the supply constrained segments of the Australian logistics market and our confidence in Hale’s vertically integrated platform and its ability to consistently deliver across single- and multi-level logistics, cold storage, and industrial outdoor storage. We look forward to continuing to scale the platform alongside Rob, Nick and their exceptional team.”

Alec Harper, Head of Australia, Oxford Properties, commented:

“Oxford’s re-commitment is testament to our deep conviction in the Australian infill logistics sector, and Hale’s world-class management team and platform. Since our cornerstone investment in Hale’s inaugural vintages, the team has successfully executed against strategy, building out one of Australia’s premier last-mile logistics portfolios, and an impressive track-record across the full asset lifecycle. Today’s announcement signifies continued momentum for our like-minded partnership, as Oxford continues to enhance our leading global logistics portfolio.”

About Hale

Founded by Robert McMickan and Nicholas Bradley in 2021, Hale has rapidly grown into one of Australia’s leading logistics-focused fund managers and developers, managing A$3.3 billion[1] in assets on behalf of 7 institutional clients. The platform spans single- and multi-level logistics, cold storage, and industrial outdoor storage.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

About Oxford Properties Group

Oxford Properties Group (“Oxford”) is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$86 billion of assets across four continents on behalf of their investment partners. Oxford’s owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world’s most active developers with 30 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario’s municipal employees. For more information on Oxford, visit www.oxfordproperties.com.

[1] Assets Under Management (AUM) represents the total Gross Asset Value (GAV) of all real estate assets managed by Hale. AUM is calculated on a stabilised basis, reflecting the estimated market value of properties assuming normalised occupancy and market-standard operating expenses.

Back To News

Categories: News

Tags:

Ardian signs an agreement to acquire a majority stake in Casaforte, Italy’s leading self-storage operator, a further step in the creation of a pan-European platform in the sector

Ardian

With this acquisition Ardian’s total investment in the self-storage sector in Italy and France exceeds €300 million, with the aim of achieving diversified geographic exposure and scalable growth
• Another €200 million of investments are planned to support expansion across Europe, with a primary focus on Spain and Germany
• Italy represents one of the fastest-growing markets, offering attractive consolidation opportunities

Ardian, a global private investment firm, announces that it has signed an agreement to acquire a majority stake in Casaforte S.p.A., a market leader in the Italian self-storage sector.

The transaction represents a significant step in Ardian’s strategy to build a scaled, pan-European self-storage platform by consolidating a highly fragmented sector driven by favorable long-term structural trends. Since launching the strategy in 2023, Ardian has already invested €300 million in self-storage. In addition to Casaforte, it has acquired two platforms in France (Costockage and Atout-Box), focused on urban areas characterized by strong demographic growth and increasing demand for new space. The objective is to invest at least a further €200 million in the coming years, with a primary focus on Spain and Germany.

In Italy, Ardian has invested in the sector’s leading player, widely regarded as the pioneer of temporary storage solutions. Casaforte offers significant growth potential in a market that has the lowest self-storage space per capita in Europe and the lowest level of sector awareness, with only 12% of the population familiar with the concept.

Casaforte operates 24 facilities nationwide, representing approximately 80,000 square meters of total space. The portfolio is predominantly concentrated in Northern Italy, with a strong presence in key metropolitan areas such as Milan, Turin, Genoa, Bologna, as well as a presence in Rome.

The company’s success is built on an experienced management team, led by its visionary founder and Chairman, Cesare Carcano, who will continue to play a key role in Casaforte’s development.

“This transaction confirms Ardian’s commitment to strengthening the European dimension of its self-storage strategy. We are particularly focused on Southern Europe, where Italy and Spain continue to show significantly lower penetration rates compared to more mature markets, despite benefiting from the same structural trends – urbanization, mobility and shrinking living spaces. It is precisely this gap between potential demand and existing supply that represents one of the most compelling value creation opportunities in the sector today. We are currently exploring a number of high-potential opportunities in Spain, where discussions are already well progressed, while also considering potential opportunities in Germany that will enable us to further advance our continental growth strategy”. Rodolfo Petrosino, Head of Real Estate Southern Europe & Senior Managing Director, Ardian

“We are proud of this transaction, which is strategically significant for us and accelerates the execution of our European growth plan. We are confident that the experience of the management team, combined with our strategic and financial support and international network, will further strengthen Casaforte’s leadership in the Italian market. We see strong potential for organic growth and selective acquisitions, while preserving the entrepreneurial culture and deep local market expertise that have underpinned the operator’s success to date”. Matteo Minardi, Head of Real Estate Italy & Managing Director, Ardian

“Ardian’s investment marks a key strategic milestone in Casaforte’s growth journey. Over the years, we have built a strong platform with a clear leadership position in the Italian market and a distinctive operating model based on service quality, innovation and deep local market expertise. Partnering with Ardian will enable us to further accelerate the company’s development, strengthen our presence in major urban centers and seize new expansion opportunities, including through targeted acquisitions”.  Cesare Carcano, Founder and Chairman, Casaforte

List of participants

  • Ardian

    • M&A and Debt Advisory: Mediobanca
    • Legal & Tax: Chiomenti
    • Financial DD: Deloitte
    • Technical: Ryze

  • Casaforte

    • M&A: Ethica Group
    • Legal: Advant NCTM

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

ABOUT CASAFORTE

Casaforte is recognized for its ability to anticipate and address the evolving space needs of both individuals and companies, offering flexible, secure and easily accessible solutions. Through an integrated operating model and disciplined asset management, Casaforte develops and manages modern, functional self-storage facilities designed to meet both temporary and long-term needs.
A strong focus on service quality, operational efficiency and customer experience lies at the heart of Casaforte’s strategy, with the aim of creating sustainable long-term value and contributing to the development of the sector at both local and national levels.

Casaforte.it

Media contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com

Categories: News

Tags:

EQT Real Estate acquires portfolio of 25 logistics properties across major U.S. distribution corridors from Mapletree

eqt

East Coast Image

  • Portfolio includes 25 infill industrial assets totaling more than 4.3 million square feet 
  • Assets span high-growth logistics hubs along I-95, I-81, I-10 and other key transport infrastructure 
  • Investment reflects EQT Real Estate’s conviction in mission-critical logistics assets and confidence in the industrial sector’s long-term demand fundamentals 

EQT Real Estate is pleased to announce that the EQT Real Estate Industrial Value Fund VI (”EQT Real Estate”) has acquired a 25-property logistics portfolio spanning 4.3 million square feet across key U.S. industrial markets including Jacksonville, Nashville, Richmond, Atlanta, New York City, New Jersey, Pennsylvania, and South Florida, from Mapletree Investments. The assets are located in dense, infill submarkets along major transport corridors such as I-95, I-81 and I-10. 

The properties feature an average clear height of 28 feet and low office finish, making them ideally suited for logistics operations. The portfolio offers a blend of single-tenant and multi-tenant layouts and includes both shallow bay and bulk warehouse formats. Most properties are within minutes of major population centers and highway interchanges, enhancing delivery efficiency. 

The acquisition underscores EQT Real Estate’s continued conviction in U.S. industrial real estate and its strategy of investing behind assets in supply-constrained locations with significant embedded upside. EQT Real Estate plans to deploy its hands-on approach to active management through targeted leasing initiatives, site improvements, and selective redevelopment as it seeks to drive long-term value across the portfolio. 

Matthew Brodnik, Chief Investment Officer at EQT Real Estate, said: “This investment reflects our high-conviction, thematic approach to investing in infill logistics across the U.S., where we see strong long-term demand for well-located industrial assets. We believe the portfolio serves as a compelling addition to our U.S. logistics platform and look forward to building on the portfolio’s strong fundamentals through our active ownership approach.” 

EQT Real Estate would like to thank John Hugenard of JLL, who advised the seller in the transaction. 

Contact
EQT Press Office, press@eqtpartners.com 

Downloads

About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $58 billion in GAV, owns and operates over 2,000 properties and 400 million square feet, with over 400 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn 

Categories: News

Tags:

CapMan Residential Fund acquires 409-unit rental residential property in Stockholm

Capman

CapMan Real Estate, through CapMan Residential Fund (“CMRF”, the “Fund”), has signed an agreement with Slättö to acquire a high-quality, 409-unit multifamily property located in Barkarby, Stockholm.

Completed in 2025, the property comprises 409 residential units across 17,668 m², complemented by commercial premises of 679 m² and an underground parking garage. The property is strategically located directly adjacent to the existing commuter rail station and the new Barkarby metro station, an extension of the Stockholm Metro Blue Line, scheduled to open in late 2027. This places the property at the center of Northern Stockholm’s main transport hub, offering excellent connectivity across the Stockholm region. Once opened, the metro extension will fully integrate Barkarby into the Stockholm subway network, further enhancing accessibility and long-term attractiveness.

The property meets high sustainability standards and holds Nordic Swan Ecolabel certification and is EU Taxonomy aligned.

“This acquisition is a key step in the continued growth of our Stockholm portfolio. We’re adding a substantial, high-quality asset in one of the region’s fastest-growing urban hubs. It also means securing a stabilised prime asset in a supply-constrained market where resilient demand supports a really strong long-term rental outlook,” says Pontus Danielsson, Investment Manager at CapMan Real Estate.

“We remain focused on high-conviction opportunities across both our value-add and core residential strategies. We’re seeing strong momentum in our deal flow and continue to deploy capital into the Nordic region’s strongest urban markets. With a solid pipeline in place, we believe the current market environment offers an attractive opportunity to further scale our presence in Sweden,” adds Marcus Lotzman, Head of Transactions, Sweden at CapMan Real Estate.

Closing of the acquisition is expected in March 2026. This marks the Residential Fund’s third investment in Sweden. Since its inception in 2021, the €1.3 billion Fund has acquired 64 properties across the Nordics with over 90% of the assets in the capital cities.

CapMan Real Estate manages approximately €5.5 billion in real estate assets, with a team of over 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo and London.

For further information, please contact:

Marcus Lotzman, Head of Transactions Sweden, +46 70 680 60 81

Pontus Danielsson, Investment Manager, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: News

Tags:

Stonepeak Announces Investment in Aura Holdings

Stonepeak

SYDNEY & BRISBANE – March 1, 2026 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an investment in Aura Holdings (“Aura”), a leading retirement village developer and operator in Queensland, Australia. Stonepeak’s investment, together with a committed development facility with senior domestic lenders, constitutes up to A$1 billion of available capital to support Aura’s extensive development pipeline and propel its next phase of growth.

Founded in 2016 by seasoned retirement sector executives Tim Russell and Mark Taylor and led by Sean Graham as CEO, Aura specializes in developing state-of-the-art retirement apartments and community facilities in highly sought-after, infill locations. To date, Aura has completed six retirement villages with nearly 800 units across southeast Queensland, with six in the near-term pipeline and more than 10 in early development. Stonepeak’s investment in Aura marks its second platform investment in Australia and New Zealand’s retirement village sector, following its acquisition of Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in November 2024.

“We are pleased to partner with the Aura team and utilize our flexible, long-term capital to expand Aura’s development platform by executing on their significant pipeline of new retirement village projects,” said Darren Keogh, Senior Managing Director at Stonepeak. “Aura is well-positioned to serve Australia’s retirees given its premium portfolio spanning desirable retirement destinations, proven development track record, and experienced leadership team, who bring a deep understanding of what matters most to seniors.”

“We are delighted to welcome Stonepeak as our capital partner in this exciting new chapter for Aura. Stonepeak see the value in a first-class and growing operating platform,” said Aura Co-Founder Tim Russell. “Stonepeak’s investment gives Aura the runway to accelerate its strategy of adding much-needed, age-appropriate housing in areas grossly lacking suitable downsizing options for locals.”

“Stonepeak’s long-term approach to partnering and working with its portfolio companies, deep experience and relationships in the retirement sector, and clear plan for value creation give us tremendous confidence in Aura’s future. Together, we are poised to continue setting the standard in retirement living in Australia,” added Sean Graham, Chief Executive Officer of Aura Holdings.

Additional terms of the transaction were not disclosed, and the transaction has already closed.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately A$120 billion (US$84 billion) of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Aura Holdings
Aura Holdings was founded in 2016 by Tim Russell and Mark Taylor.  Focused on developing medium to high end retirement living communities on premium sites throughout South-East Queensland and Northern New South Wales, Aura is a vertically integrated retirement living platform comprising of 40 personnel with headquarters located in Brisbane, Australia.   Aura’s villages are predominantly found in metropolitan locations and/or on sporting club land.  With a pipeline growth of 2,000+apartments over the next five years, Aura has six fully operational villages and an additional development which broke ground September 2025.

Media Contacts

Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Jack Gordon
jack.gordon@sodali.com
+61 478 060 362

Categories: News

Tags:

Apollo Provides $1 Billion Hybrid Capital Solution to Aldar

Apollo logo

Transaction marks Apollo’s fifth investment in Aldar and the region’s largest corporate hybrid private placement 

Builds on Apollo’s long-term strategic partnership with Aldar, with total transactions totalling approximately $2.9 billion to date

Investment to support Aldar’s transformational growth plans and capital structure optimization

NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC (“Aldar”), a leading UAE based real estate developer and investment manager. The investment builds on Apollo’s long-term strategic partnership with Aldar and represents Apollo’s fifth investment in Aldar since 2022, bringing aggregate commitments to $2.9 billion to date.

Proceeds from the investment are intended to support Aldar’s balance sheet flexibility and strength, as well as its growth agenda, which includes landbank replenishment, expansion of its develop-to-hold portfolio, and strategic acquisitions.

Apollo Partner Jamshid Ehsani said, “Completing our fifth investment with Aldar speaks directly to Apollo’s ability to structure flexible capital solutions that are responsive to the needs of both our corporate clients and our investors. Since our first transaction in 2022, Aldar has gone from strength to strength, with robust performance and portfolio expansion overseen by an experienced management team. This latest investment reflects Apollo’s continued commitment to Abu Dhabi and the broader region.”

Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said: “This transaction highlights the strength of our long-standing partnership with Apollo and the continued confidence of major institutional investors in Aldar’s strategy, financial management and growth trajectory. The issuance provides Aldar with long-term, flexible capital that enhances balance sheet resilience and supports our ability to capitalise on attractive opportunities across our core markets. Importantly, it elevates Aldar’s share of stable, recurring income generated by AIP’s high quality, diversified portfolio, which will continue to expand through acquisitions and our substantial develop-to-hold pipeline that is now valued at close to $5 billion.”

The transaction is among the largest-ever foreign direct investments in Abu Dhabi’s private sector and the largest corporate hybrid private placements in the region.

It also marks the latest transaction for Apollo’s High Grade Capital Solutions business, which serves as a capital partner to many leading global companies. Apollo believes its ability to provide customized, long-dated investments is reinforced by the number of its repeat clients, having provided multiple large-scale solutions for Aldar, BP, Sony, Vonovia, Air France and the Adani-backed Mumbai Airport.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

About Aldar

Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe.

The company has two core business segments, Aldar Development and Aldar Investment.

Aldar Development is a master developer of a 60 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah’s most desirable destinations. The delivery of Aldar’s developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE’s capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC.

Aldar Investment houses a core asset management business comprising a portfolio of more than AED 49 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates.

For more information on Aldar please visit www.aldar.com or follow us on:

https://www.instagram.com/aldar/?hl=en

https://www.linkedin.com/company/110553/admin/feed/posts/

https://x.com/aldartweets?lang=en

Aldar Contacts

Obaid Al Yammahi
Aldar Properties
+971 2 810 5555		 Sarah Abdelbary
Brunswick
+971 2 234 4600
aldar@brunswickgroup.com

Categories: News

Tags:

Bain Capital and BlueWater Marinas Acquire Bayside Marine in Duxbury, MA

BainCapital

BOSTON & CHARLESTON, S.C. – February 13, 2026 – BlueWater Marinas (“BlueWater”) today announced the acquisition of Bayside Marine (“Bayside”), a premier full-service marina located in Duxbury, Massachusetts. Bayside represents the fifth marina acquired by Bain Capital and BlueWater as part of their joint venture.

Family-owned and operated by the Kent family since 1949, Bayside Marine has become a cornerstone of the Duxbury boating community and is supported by decades of operational excellence in one of Massachusetts’ most affluent and supply-constrained coastal markets. Situated on Duxbury Bay with direct access to Cape Cod Bay, the property serves as a premier launch point for fishing and cruising across the South Shore and greater Cape Cod region. Bayside operates as a full-service, one-stop destination for customers’ boating needs, including storage, service, and boat sales as an authorized Grady-White dealer.

Andrew Terris, a Partner at Bain Capital Real Estate, said, “Bayside represents a compelling opportunity to invest in a high-quality, full-service marina that expands our presence in the Northeast. This asset pairs well with our acquisition of Glyn’s Marine on Nantucket and reflects our strategy of building a portfolio of outstanding marina properties along the East Coast.”

Joe Miller, a Principal at BlueWater Marinas, added, “Bayside Marine is a highly respected, deeply rooted business within the New England boating community. The property’s wide scope of services, attractive location, and multi-generational legacy align well with our approach to investing in high-quality marina operations in key coastal markets. We look forward to supporting the Kents and their team in continuing to deliver exceptional customer experience as they stay on to lead the day-to-day operations of the business.”

About Bain Capital Real Estate

Bain Capital Real Estate pursues investments in often difficult-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has invested and committed over $10.7 billion of equity across multiple sectors as of September 30, 2025. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms, with approximately $215 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About BlueWater Marinas

Headquartered in Charleston, South Carolina, BlueWater Marinas will acquire, develop and operate coastal marina assets, including both dry and wet slips. Established by former executives and key team members of PORT 32 Marinas and Atlantic Marina Holdings, alongside several marina industry top performers, BlueWater Marinas brings unparalleled expertise in marina development and management, delivering exceptional service to its customers. With a proven track record, BlueWater Marinas will build and operate a distinguished portfolio of Class A marina assets in prime markets along the East Coast. For more information, please visit https://bw-m

Categories: News

Tags:

CapMan Real Estate acquires the Kristiansand Police Headquarters from Bane NOR Eiendom

Capman

The CapMan Social Real Estate fund (CMSRE), managed by CapMan Real Estate, has entered into an agreement to acquire the Kristiansand Police Headquarters from Bane NOR Eiendom.

The property comprises approximately 17,000 sqm across nine floors and forms a key part of Bane NOR Eiendom’s Quadrum development, a major urban transformation project on the former railway area adjacent to Kristiansand Station. Once characterised by disused tracks, a large parking area and outdated office premises, the site has been reimagined as a modern, sustainable and vibrant city district.

The groundwork for the development dates to 2011, when initial plans were submitted to the City of Kristiansand, accompanied by concept sketches developed together with renowned local artist Kjell Nupen (1955–2014). His vision was to transform the station area into a welcoming gateway to the city, defined by distinctive architecture and sweeping views towards the fjord and surrounding landscape.

Fund’s first investment in Norway

The CMSRE fund, launched in 2024, focuses on modern and sustainable essential societal infrastructure across Norway, Denmark, Sweden and Finland. The acquisition of the Kristiansand Police Headquarters marks the fund’s first investment in Norway and fully aligns with its strategy. The fund is managed by CapMan Real Estate, which has been investing in Norway through its other funds since 2017.

“The acquisition of the Kristiansand Police Headquarters brings the CMSRE fund’s portfolio value to over €250 million (GAV). This growth underlines both the pace at which the fund is developing and the continued investor confidence in high‑quality social infrastructure. We see this as a strong step forward in our long-term strategy and in strengthening our presence across Nordic markets”, says Robert Feldt, Fund Director of CapMan Social Real Estate fund.

About the Kristiansand Police Headquarters

The Kristiansand Police Headquarters comprises 17,000 square metres across nine floors and includes a wide range of specialised facilities designed to support the operational needs of modern emergency services. The property is located at Vestre Strandgate 55 in central Kristiansand and was completed in the summer of 2023. The main tenants include the Police, the Directorate for Civil Protection (DSB) and the Norwegian Directorate of Immigration (UDI).

The headquarters has been developed with a strong focus on environmental performance, incorporating sustainable materials and energy‑efficient solutions throughout the building. The property currently holds an EPC B rating, with a targeted upgrade to EPC A. In parallel, we are pursuing a BREEAM In‑Use Excellent certification, further reinforcing the asset’s strong sustainability credentials and our commitment to responsible asset management.

“With its central location and long‑term relevance, Kristiansand Police Headquarters aligns exceptionally well with the CMSRE fund strategy, which focuses on modern, sustainable assets that serve essential public functions. We are pleased to deepen our presence in Norway with an asset that aligns so clearly with our commitment to societal value creation and resilient real estate,” says Jens Henrik Larsen, Investment Director at CapMan Real Estate.

A new urban hub taking shape in Kristiansand

The police headquarters was completed in 2023 and, together with an office building partly occupied by Bane NOR, forms a robust foundation for approximately 1,000 workplaces within the Quadrum district. The area has attracted a strong mix of public and private tenants, including the Norwegian Directorate of Immigration (UDI), the Directorate for Civil Protection (DSB), Capgemini, KPMG and Rambøll. Its strategic location at the intersection of train, bus, ferry and road connections further strengthens its role as Kristiansand’s mobility hub. Quadrum’s final construction phase, Quadrum Port, is currently underway and comprises a hotel and office building totaling approximately 26,000 sqm.

“This sale represents a natural handover of the baton from a property developer to a long-term real estate owner. Quadrum is a flagship example of modern mobility hub development in Norway. With this transaction, we are ready to hand over the responsibility to a party like CapMan, who shares our commitment to society and sustainability,” says Morten Austestad, Executive Director of Property Development at Bane NOR Eiendom.

Contact information:

Jens Henrik Larsen, Investment Director, CapMan Real Estate, +47 950 34 844
Morten Austestad, Executive Director, Property Development, Bane NOR Eiendom, +47 974 74 983

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

About Bane NOR Eiendom

Bane NOR Eiendom is Norway’s leading developer of mobility hubs and the owner, developer and manager of all railway property in the country. The company plays a key role in sustainable urban development by transforming station areas into efficient and attractive transport‑oriented districts. As a subsidiary of Bane NOR SF under the Norwegian Ministry of Transport, it manages around 1,000 buildings and 4,400 land plots across Norway, including all railway stations, stops and maintenance facilities.

Categories: News

Tags: