Real Estate Divestitures in 2026
Showing 2 transactions.
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- Buyer
- StorageMart
- Target
- 15 New York City self-storage facilities (portfolio)
- Seller
- The Carlyle Group
- Industry
- Real Estate
- Location
- New York, United States
- Type
- Divestiture
StorageMart has acquired a 15-property self-storage portfolio in New York City from the Carlyle Group in a transaction valued at about $1 billion. The portfolio comprises roughly 1.3 million square feet, 25,498 storage units and 121 parking spaces; StorageMart said the deal reinforces its long-term commitment to New York City and expands its local footprint.
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- Buyer
- Ascendant Capital Partners
- Target
- Embassy Suites by Hilton San Diego La Jolla
- Seller
- BioMed Realty, Blackstone
- Industry
- Real Estate
- Location
- California, United States
- Type
- Divestiture
Ascendant Capital Partners purchased the 340-room Embassy Suites by Hilton San Diego La Jolla from BioMed Realty (owned by Blackstone) for $111 million. Ascendant plans roughly $20 million of renovations to modernize guest rooms, meeting spaces and public areas; BioMed said the sale reflects a shift in focus to other redevelopment projects.
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