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New Deal


Announced

Completed

Alliant Strategic Investments and Nuveen Real Estate completed the acquisition of Riverstone Apartments for $94m.

Financials

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Transaction Value£66m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Private Equity

Domestic

Friendly

Acquisition

apartment rental

Majority

Real Estate Holding and Development

Completed

Real Estate

real estate

Synopsis

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Alliant Strategic Investments, an investment firm, and Nuveen Real Estate, a manager of real estate funds and mandates, completed the acquisition of Riverstone Apartments, an affordable housing community, for $94m. "Alliant Strategic Investments appreciates our partnership with Nuveen on the purchase of the Riverstone Apartments. This investment allows us to extend the life of an important affordable housing asset. We know that our investments are making a difference in the lives of our residents, and want to continue supporting communities like Bolingbrook across the United States. We look forward to working with the mayor and local officials as we seek to enhance the property and contribute to the vibrant community in Bolingbrook," Russell Ginise, ASI President.

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