Real Estate Acquisitions in New York

Town Lane, in partnership with a leading international institutional investor, has acquired ShopOne Centers and a 27-asset grocery-anchored retail portfolio from Pantheon. ShopOne CEO Chris Reed is reinvesting in the transaction and Town Lane said it will significantly expand the ShopOne platform by pursuing additional value-add retail assets and portfolios.

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.

Rithm Capital Corp. completed its acquisition of Paramount Group, Inc., a vertically-integrated REIT that owns, operates and manages Class A office properties in New York City and San Francisco. The deal expands Rithm’s commercial real estate footprint and strengthens its integrated asset-management and owner-operator capabilities as Paramount is integrated into the Rithm platform.

New York-based Outpost has merged with June Homes to form OJH Holdings, combining roughly 4,000 units and creating the largest coliving operator in the United States. The combined, profitable platform will be led by Outpost CEO Sergii Starostin with June Homes CEO Mauricio Zuniga as President, and is positioned to pursue further consolidation and national expansion.

Stout, a global advisory firm, has acquired Appraisers and Planners, Inc., a New York City–based real estate appraisal and valuation firm with a team of over 15 professionals. The acquisition, finalized September 16, 2025, expands Stout's Real Estate Valuation capabilities and provides Appraisers and Planners' clients access to Stout's broader valuation and advisory services.

Snappt, an AI-powered applicant trust platform for multifamily housing, has acquired Trigo, a rent‑verification technology provider, and secured a $50 million committed growth facility from Hercules Capital. The acquisition integrates Trigo’s verified rental payment history capabilities into Snappt’s fraud‑detection and applicant screening platform to speed leasing decisions and improve tenant qualification signals.

Storage Post Self Storage acquired three long-standing Sofia Storage locations in Manhattan and Brooklyn, expanding its New York City footprint and integrating the family-run properties into its portfolio. The deal — supported by commercial real estate brokers and debt providers — preserves the Sofia family legacy while enabling Storage Post to upgrade amenities and operations at the facilities.

Sixth Street has made a strategic partnership and significant investment in L+M Companies, a New York–based affordable and mixed-income housing developer. L+M will remain the majority partner and keep its leadership team while using the capital to expand development and preservation activity across existing and new U.S. markets.

Doorvest, a San Francisco-based real estate investing platform, has acquired Rubik, a New York-based data-driven single-family rental (SFR) marketplace. The acquisition brings Rubik's machine learning-powered sourcing and analytics into Doorvest to increase access to off-market, institutional-quality SFR deals and accelerate Doorvest's acquisition volume and market expansion.

On January 16, 2025, LightBox acquired Revere to strengthen its commercial real estate (CRE) capital markets offerings by integrating Revere’s networking and deal-execution platform with LightBox’s Real Capital Markets (RCM) product. The combined capabilities will be used to build an enhanced solution (LightBox Live) to better connect brokers, investors, lenders and other CRE market participants; customers of both platforms will continue to receive existing service and support.

Blueground, a New York–headquartered operator of furnished, flexible rentals for 30+ day stays, raised $45 million in a Series D round with new investor Susquehanna Private Equity Investments, LLLP and participation from WestCap. The company also secured a debt facility from Barclays (with participation from Morgan Stanley, Deutsche Bank and HSBC) to accelerate technology development and strategic initiatives including franchising and its Partner Network.

Kimco Realty completed its previously announced all-stock acquisition of RPT Realty, adding 56 open-air shopping centers (13.3 million sq. ft.) to Kimco's portfolio and assuming RPT debt and preferred stock. The transaction is expected to deliver approximately $34 million of initial cost savings synergies (≈85% realized in 2024) and increase scale in high-growth markets while preserving Kimco's balance sheet strength.

OneKey MLS has acquired Mid-Hudson MLS, a broker-owned multiple listing service based in Poughkeepsie that serves more than 1,400 agents across roughly 350 offices in Dutchess County and the Mid-Hudson Valley. The consolidation expands OneKey MLS's regional coverage and subscriber base (bringing it to nearly 50,000 professionals), simplifies access to listing data for members, and is expected to be finalized in January 2024.

Synergy Global Housing has agreed to acquire Primestone Housing Solutions, the corporate housing business unit of New York-based Primestone Partners, for an undisclosed amount. The deal expands Synergy’s U.S. footprint and client relationships with multifamily property managers and corporate relocation customers, while allowing Primestone Partners to focus on its core technology and advisory businesses.

Nuveen, the asset manager for TIAA, is acquiring a portfolio of affordable housing assets and operating capabilities from Omni Holding Company, expanding Nuveen’s affordable housing AUM to $6.4 billion. The deal transfers Omni’s development, construction, maintenance and management capabilities to Nuveen and strengthens the firm’s ability to preserve and expand high-quality affordable housing across U.S. urban markets.

Affiliates of Blackstone Real Estate (Blackstone) completed an all-cash acquisition of Bluerock Residential Growth REIT, Inc. for $24.25 per share, valuing the transaction at approximately $3.6 billion. The deal included a spin-off of Bluerock's single-family rental business into a newly listed REIT, Bluerock Homes Trust (BHM).

Jones Lang LaSalle (JLL) has acquired Metropolitan Valuation Services (MVS), a leading commercial property appraisal and real estate consulting firm serving the greater New York metropolitan area. The deal adds a team of approximately 20 valuation professionals to JLL’s Tri-State valuation practice to expand its multi‑housing, office, industrial and retail valuation capabilities and scale its footprint across the U.S.

WorkChew has acquired the workspace assets of New York–based KettleSpace, expanding its flexible workspace footprint in New York City. The asset purchase transfers KettleSpace members and locations into WorkChew’s network as the company scales its on-demand and hybrid workspace offerings across the U.S.

RXR and Hudson Realty Capital announced the formation of RXR-Hudson, a national commercial real estate debt platform that will originate bridge, mezzanine and preferred-equity style investments across major U.S. markets. The joint platform combines RXR's development and operating expertise with Hudson's origination and lending capabilities and expects to lend more than $2 billion across housing, industrial, and healthcare-related sectors.

Yellowstone Acquisition Company completed its previously announced business combination with Sky Harbour LLC on January 25, 2022, and the combined company changed its name to Sky Harbour Group Corporation, which began trading on the NYSE American under the ticker SKYH. As part of the transaction, a subsidiary of Boston Omaha Corporation purchased 10,000,000 shares of Yellowstone Class A common stock for $100,000,000 and the transaction closed following shareholder approval.

BowX Acquisition Corp. and WeWork completed their business combination on October 20, 2021, taking WeWork public; the combined company began trading on the New York Stock Exchange under the ticker "WE" on October 21, 2021. The deal provided WeWork approximately $1.3 billion in gross cash proceeds (including trust-account cash, a fully committed PIPE and an equity backstop from Cushman & Wakefield) and left Marcelo Claure and Sandeep Mathrani in leadership roles as Executive Chairman and CEO, respectively.

CondoTek, a Philadelphia-based technology and information firm serving condominium and cooperative lenders, has acquired National Condo Advisors (NCA), a New York-based condominium project approval and consulting firm. The acquisition will combine CondoTek’s CondoPak product and technology capabilities with NCA’s regulatory and project-approval expertise to expand service offerings and grow the customer base; Orest Tomaselli will lead the Project Review Division under CondoTek’s leadership.

Ventas, Inc. completed an all‑stock acquisition of New Senior Investment Group Inc. in a transaction valued at approximately $2.3 billion (including assumed/repurchased debt). The deal adds New Senior's 103 senior housing properties across 36 states to Ventas' portfolio, strengthening its independent-living exposure and positioning the REIT to capture senior housing upside.

Alfred, the resident-first building management platform, has acquired HOM, a technology-enabled amenity and community engagement provider, in an all-equity transaction. The deal brings HOM’s team and programming into Alfred to expand resident-focused amenities and scale activations across Alfred’s portfolio, increasing Alfred’s footprint and service capabilities.

Marcus & Millichap, Inc. has entered into a definitive agreement to acquire Mission Capital, a national real estate capital markets advisory firm, in a deal expected to close in the fourth quarter. The acquisition brings roughly 40 capital markets professionals and expands Marcus & Millichap Capital Corporation's loan sale, debt and equity placement, and consulting capabilities.

The Public Sector Pension Investment Board (PSP Investments) made a strategic minority investment in SitusAMC, joining Stone Point Capital as a long-term capital partner. Stone Point remains the largest shareholder and additional shares are held by SitusAMC management; the investment is intended to support SitusAMC's next phase of growth and transformation in the real estate finance industry.

Nautic Partners, in partnership with AKAM management, completed a management-led investment and recapitalization of AKAM, a provider of residential and commercial property management, leasing, capital project management, and brokerage services. The partnership will support AKAM's service expansion and technology investments while keeping the existing management team in place.

BISNOW Media has acquired SelectLeaders, the leading commercial real estate job board, in an all-cash transaction that closed in December 2019. SelectLeaders’ founder and owner Susan Phillips will transition away from day-to-day management while the existing team will stay on and integrate into BISNOW’s platform as BISNOW looks to expand its data-driven, technology-enabled offerings for the commercial real estate industry.

LoopNet, Inc. acquired Cityfeet.com for $15 million in cash, with an additional potential $3 million earnout tied to performance. The acquisition brings LoopNet the largest distribution network for commercial property listings (Cityfeet's network and ~100,000 active listings), expected to add roughly $1 million in revenue for the remainder of 2007 and expand LoopNet's distribution capabilities.