Announced
Completed
Financials
Sources
Tags
United States
office building
Real Estate Holding and Development
Acquisition
Domestic
Majority
Real Estate
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
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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