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Rithm Capital Buys Sculptor Capital Management for $639 Million

Rithm Capital Buys Sculptor Capital Management for $639 Million

by Phil Hall | Jul 24, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Rithm Capital Corp. (NYSE: RITM), a New York City-based asset manager focused on the real estate and financial services industries, announced it is acquiring Sculptor Capital Management Inc. (NYSE: SCU), a global alternative asset manager with $34 billion in assets...
Public Storage Pays $2.2 Billion to Acquire Simply Self Storage from Blackstone

Public Storage Pays $2.2 Billion to Acquire Simply Self Storage from Blackstone

by Phil Hall | Jul 24, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Glendale, California-based Public Storage (NYSE:PSA) is acquiring rival Simply Self Storage for $2.2 billion from Blackstone Real Estate Income Trust Inc. (BREIT), a subsidiary of Blackstone (NYSE:BX). The Simply portfolio includes 127 wholly-owned properties and 9...
Black Knight Sells Optimal Blue for $700 Million

Black Knight Sells Optimal Blue for $700 Million

by Phil Hall | Jul 17, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Black Knight Inc. (NYSE: BKI) is selling its Optimal Blue business to a subsidiary of the Canadian-based Constellation Software Inc. (TSX: CSU) for $700 million. The structure of the proposed transaction includes a payment by Constellation of $200 million in cash,...
AG Mortgage Investment Trust Makes Unsolicited Bid for Western Asset Mortgage Capital

AG Mortgage Investment Trust Makes Unsolicited Bid for Western Asset Mortgage Capital

by Phil Hall | Jul 13, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

AG Mortgage Investment Trust Inc. (NYSE: MITT) has made an unsolicited offer to acquire Western Asset Mortgage Capital Corp. (NYSE: WMC), which is already in merger talks with another real estate investment trust. In a letter to the Western Asset board of directors,...
Nationwide Property & Appraisal Services Acquires Integrity Appraisal Management

Nationwide Property & Appraisal Services Acquires Integrity Appraisal Management

by Phil Hall | Jul 7, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Nationwide Property & Appraisal Services (NPAS) has acquired Houston-based Integrity Appraisal Management. The financial terms of the transaction were not disclosed. Integrity President Shawn Thompson and his employees will remain in their positions as the...
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