News

The REIT sold a partial interest in the 345,995-square foot property to a U.S. affiliate of Mori Trust.

An all-share transaction will give the Office Properties some needed asset diversity.

Its portfolio is 80% concentrated in logistics, rental housing, hospitality, lab office and data centers.

The fund exceeded its target size of $1.5 billion.

The new company will focus on investment brokerage and capital placement.

Thurman will be responsible for overseeing CBRE's underwriting and loan production teams nationwide

The partner is an unnamed sovereign wealth fund.

The REIT gets kudos for closing the deal in a challenging capital markets environment.