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Announced

Completed

Fortress Investment Group completed an $80m investment in Broad Street Realty.

Financials

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Transaction Value£66m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private Equity

Friendly

Acquisition

Real Estate Services

Single Bidder

United States

Completed

real estate company

Domestic

Public

Synopsis

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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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