Real estate investment firm Brixton Capital contributed the property through a tax-deferred 721 exchange in return for partnership units.
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.
The $100 million commitment made in 2022 is under review amid concerns over fund performance, manager concentration, and a limited LP base.
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.
Deutsche Bank's asset management arm is also moving to liquidate and dissolve its US-focused non-traded REIT, RREEF Property Trust.
Flagship Healthcare Trust has purchased a Class A medical outpatient building and ambulatory surgery center, anchored by physician-led ophthalmology practice Graystone Eye.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
The disposition unlocks approximately $9 million of capital for the trust and realizes the promote earned on the transaction.
