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New Deal


Announced

Taurus and Kayne Anderson to form a joint venture.

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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Private

United States

Single Bidder

Real Estate

Domestic

Friendly

Private Equity

Real Estate Holding and Development

Joint Venture

Pending

real estate holding

Majority

Synopsis

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Taurus, a global private equity real estate firm, and Kayne Anderson, a Los Angeles investment firm, agreed to form a joint venture to acquire Halstead Framingham, a 1974 vintage, 1,020-unit apartment community located in Framingham, Massachusetts. "This is an exciting opportunity to partner with a like-minded team and leverage our expertise in investing, enhancing and operating high-quality multifamily properties. ESG is a guiding principle of how we operate at Kayne Anderson, and this partnership builds on our commitment to invest in assets that prioritize increasing sustainability, rent attainability and positive social impact in local communities," David Selznick, KA Real Estate CIO.

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