The disposition unlocks approximately $9 million of capital for the trust and realizes the promote earned on the transaction.
The firm reported a 14% QoQ increase in private wealth inflows, supported by growth across its evergreen funds and easing redemption pressure in its credit and real estate vehicles.
Real estate investment firm Brixton Capital contributed the property through a tax-deferred 721 exchange in return for partnership units.
The deal marks the trust's fourth acquisition with Sterling Organization in 2026 and brings its portfolio to 13 properties.
The transactions add multifamily, mixed-use, and industrial assets across Atlanta, Dallas, and Columbus.
The investment was made through a joint venture with specialized real estate investment firm the Sterling Organization.
Flagship Healthcare Trust has purchased a Class A medical outpatient building and ambulatory surgery center, anchored by physician-led ophthalmology practice Graystone Eye.
The four-property deal adds more than 2,000 beds to its portfolio of student housing assets.
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.
The investment, made through a joint venture with Sterling Organization, adds a 99%-occupied shopping center in Austin to the REIT's portfolio.
