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New Deal


Announced

Completed

Jera Asset Management and Invesco Real Estate formed Mercury Trust.

Financials

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

Tags

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United States

Single Bidder

Cross Border

real estate investment firm

Completed

Private

Majority

Friendly

Other Specialty REITs

Joint Venture

Synopsis

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Jera Asset Management, a national real estate investment firm, and Invesco Real Estate, a global real estate investment manager, formed Mercury Trust, a strategic joint venture. Financial terms were not disclosed. "The newly formed Mercury Trust joint venture with Invesco Real Estate is a momentous occasion for all of us at Jera. Our team has been in the net-lease industry for decades and were early to the industrial sector. This venture continues our strategy of partnering with world-class institutions that not only give us financial backing but scale that will enable us to be a leader in the industry," David Kay, Jera Managing Partner.

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