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New Deal


Announced

Completed

ALTO Real Estate Funds completed the acquisition of Conyers Plaza and Craig Crossing for $51m.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

United States

Completed

shopping centers

Acquisition

Friendly

Domestic

Private

Apparel Retailers

Synopsis

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ALTO Real Estate Funds, a real estate investment manager, completed the acquisition of the two shopping centers Conyers Plaza and Craig Crossing for $51m. "We are excited with the latest acquisitions by ALTO Fund 3 which are in line with the funds strategy to invest in open-air shopping centers in fast-growing territories in the US. We are confident that the new acquisitions will be a great addition to the ALTO Fund 3 portfolio and will yield attractive returns and cash flows to our investors," Mody Kidon and Yaniv Melamud, ALTO Co-Founder and Chairman and Co-Founder and CEO.

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