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New Deal


Announced

Radnor Property and Artemis Real Estate 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-

Sources

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Tags

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real estate agency

United States

Private

Majority

Joint Venture

Friendly

Single Bidder

Pending

Domestic

Real Estate Services

Synopsis

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Radnor Property, a real estate development company, and Artemis Real Estate, an investment manager, agreed to form a joint venture. Financial terms are not disclosed. "Our programmatic JV with Artemis is the beginning of an exciting chapter for us. Through our process with Baird in seeking the right partner we realized Artemis was the perfect fit for us to grow our multifamily platform. Artemis’ leadership, culture and values align with ours and that was an important criterion as we set out to find a partner with a high level of integrity and collaboration. We are delighted with this outcome," David Yeager, Radnor CEO and Managing Partner.

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