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Announced

Completed

Monarch Alternative Capital completed the acquisition 801 Brickell.

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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United States

office building

Real Estate Holding and Development

Acquisition

Domestic

Majority

Real Estate

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Monarch Alternative Capital, a global investment firm, completed the acquisition 801 Brickell, a premier Class A office building in Miami, Florida. Financial terms were not disclosed. "Our acquisition of 801 Brickell exemplifies our core competencies of investing opportunistically and nimbly capitalizing on complexity. Given the current office market dislocation, we have been especially selective in the asset class, focusing on identifying exceptional properties that are being overlooked due to negative national office sentiment. We are excited by the addition of 801 Brickell to our portfolio, which we see as a well-positioned, top-quality building in a market poised for continued growth," Joshua Acheatel, Monarch Managing Principal and Head of Real Estate Acquisitions.

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