Announced
Completed
Financials
Tags
Minority
Private Equity
Friendly
Acquisition
Real Estate Services
Single Bidder
United States
Completed
real estate company
Domestic
Public
Synopsis
Fortress Investment Group, a highly diversified global investment manager, completed an $80m investment in Broad Street Realty, a fully integrated and self-managed publicly owned real estate company. "We are proud to announce the expansion of our successful relationship with Fortress by entering into a new joint venture. Just as important as their capital, they bring to the table a world class institutional real estate team that we believe will help accelerate us towards the next step in the growth and profitability of our organization and liquidity for our shareholders," Michael Z. Jacoby, Broad Street Realty Chairman of the Board of Directors and CEO.
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