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It's Balcor's "foray into the energy sector."
Suburban offices are feeling the same financing heat as CBD properties.
Eight months ago, it closed an industrial core-plus fund at an oversubscribed $3 billion.
The Midwestern-based company has found appealing candidates within its territory and also nationwide.
The retailer says the vaccine business is disappearing and that U.S. Healthcare unit not profitable.
The firm provides capital to technology-enabled companies in real estate, finance, and business services.
These assets will be targeted with a $300 million joint venture fund.
The JV will initially start with 1,328 apartment units across four communities.
A $9 million follow-up round provided the increase.
Who else would the buyer be but Prologis?