The all-stock deal between Strategic Storage Trust VI & Strategic Storage Growth Trust III will create a company with ~$1.2 billion in total assets.
Flagship Healthcare Trust has purchased a Class A medical outpatient building and ambulatory surgery center, anchored by physician-led ophthalmology practice Graystone Eye.
The disposition unlocks approximately $9 million of capital for the trust and realizes the promote earned on the transaction.
The four-property deal adds more than 2,000 beds to its portfolio of student housing assets.
The investment, made through a joint venture with Sterling Organization, adds a 99%-occupied shopping center in Austin to the REIT's portfolio.
The acquisition, made in partnership with Phillips Edison & Company, expands CNSREIT's portfolio of necessity-driven open-air shopping centers.
The non-traded REIT targets self-storage facilities and related real estate investments in the US and Canada.
The sale-leaseback deal, completed through a JV with Fetner Properties, follows the fund's conversion from a tender offer to an interval structure, while still being taxed as a REIT.
The property, purchased in partnership with Sterling Organization, is the latest addition to the trust's portfolio of necessity-driven shopping centers across the Sunbelt markets.
The take-private deal represents a 12.2% premium to the NYSE-listed vehicle's closing share price on April 8.
