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FairlyValued

42 industries benchmarked · 39 live sell-side mandates · reviewed 2026-08-06

All sectors

Real Estate

Who acquires Real Estate companies

85 distinct acquirers across 93 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.

93
Transactions
2014 to 2026
85
Named acquirers
distinct buyers
11.0x
Median EV/EBITDA
from 6 disclosed
$192m
Median deal size
enterprise value

Most active acquirers

Ranked by number of acquisitions recorded in this sector. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.

Recorded transactions

TargetAcquirerDateValueEV/EBITDAEV/Revenue
AvalonBay CommunitiesVivmark Residential2026-08-17$0k0.0x0.0x
Modiv IndustrialGlobal Net Lease2026-08-12$0k0.0x0.0x
National Storage Affiliates TrustPublic Storage2026-07-22$0k0.0x0.0x
Whitestone REITAres Management Corporation2026-07-14$1.7bn0.0x0.0x
Sila Realty TrustBlue Owl Real Estate Net Lease Trust2026-07-01$2.4bn0.0x0.0x
Kennedy-Wilson HoldingsFairfax Financial Holdings Limited2026-06-16$0k0.0x0.0x
Veris ResidentialAffinius Capital and Vista Hill Partners investor consortium2026-05-27$3.5bn0.0x0.0x
Peakstone Realty TrustBrookfield Asset Management2026-05-06$1.2bn0.0x0.0x
Alexander & BaldwinMW Group2026-03-12$2.3bn0.0x0.0x
CNL Healthcare PropertiesSonida Senior Living2026-03-11$1.8bn0.0x0.0x
AMT Management LLCGlobal Asset Management Group2026-03-04$0k0.0x0.0x
Sotherly Hotels Inc.KW Kingfisher LLC2026-02-12$0k0.0x0.0x
Plymouth Industrial REITMakarora Management LP2026-01-27$2.1bn0.0x0.0x
Anywhere Real Estate Inc.Compass2026-01-09$0k0.0x0.0x
City Office REITMCME Carell Holdings2026-01-09$0k0.0x0.0x
Paramount GroupRithm Capital Corp.2025-12-19$0k0.0x0.0x
RealSource PropertiesCottonwood Communities2025-12-18$500m0.0x0.0x
Residential Management GroupPMG Holdings2025-10-24$85m0.0x0.0x
Redfin CorporationRocket Companies2025-07-01$0k0.0x0.0x
NorthStar Healthcare IncomeWelltower OP LLC2025-06-09$0k0.0x0.0x
NexPoint Hospitality TrustNexPoint Diversified Real Estate Trust2025-04-17$0k0.0x0.0x
Diversified Healthcare Trust - 18 Triple Net Leased Senior Living CommunitiesBrookdale Senior Living2025-03-03$135m0.0x0.0x
Retail Opportunity Investments Corp.Blackstone Real Estate Partners X L.P.2025-02-12$4.0bn0.0x0.0x
At World Properties HoldingsCompass2025-01-13$0k0.0x0.0x
Waterford Lakes Town CenterKimco Realty2024-10-01$322m0.0x0.0x
Antares HomesLandsea Homes2024-01-09$232m0.0x0.0x
CarrollRMR Group2023-07-31$80m0.0x0.0x
Storage SolutionsJungheinrich2023-01-25$375m0.0x0.0x
Storage ExpressExtra Space Storage2022-09-16$590m0.0x0.0x
Swire Pacific Offshore OperationsTidewater2022-03-09$190m0.0x0.0x
RKW ResidentialHello Alfred2022-03-08$35m0.0x0.0x
GeoPhyWalker & Dunlop2022-02-28$85m0.0x0.0x
Stockland Retirement LivingEQT (PE)2022-02-22$702m0.0x0.0x
The Allstate - Northbrook campusDermody Properties2021-11-29$232m0.0x0.0x
Port AmericaPS Business Parks2021-09-01$123m0.0x0.0x
Design Space Modular BuildingsMcGrath Rent2021-05-13$260m8.1x3.2x
Embassy Industrial ParksThe Blackstone Group (PE)2021-05-10$790m0.0x0.0x
Strategic REITSmartStop Self Storage2021-03-17$380m0.0x0.0x
Douglas & GordonFoxtons Group2021-03-02$22m0.0x0.0x
Clemson LoftsArcapita (PE)2021-02-01$120m0.0x0.0x
Hall’s Warehouse Corp.Americold Realty Trust2020-11-05$480m0.0x0.0x
Servistore ABCorem2020-10-30$2m0.0x0.0x
London Stone Properties Ltd.Foxtons Group2020-03-02$3m0.0x0.0x
Nova Cold LogisticsAmericold Realty Trust2019-11-21$256m0.0x0.0x
Normandy Real Estate Partners LLCColumbia Property Trust2019-10-16$100m0.0x0.0x
The Storage FoxClutter2019-09-20$152m0.0x0.0x
Condor Hospitality TrustNexPoint Hospitality Trust2019-07-22$318m0.0x0.0x
Liberty Living PlcUnite Group2019-07-03$988m0.0x0.0x
Eldorado ResortsVICI Properties2019-06-17$278m0.0x0.0x
Lanier Cold StorageAmericold Realty Trust2019-05-01$82m0.0x0.0x
Casino Guichard-Perrachon - 32 Store PropertiesApollo Global Management (PE)2019-04-22$530m0.0x0.0x
Access Self Storage - 3 Storage AssetsStorageVault2019-04-05$33m0.0x0.0x
MedEquities Realty TrustOmega2019-01-02$600m13.0x10.0x
Knight Square HoldingsLexington Partners (PE)2018-10-05$32m0.0x0.0x
CPI Operations LLCPBF Logistics2018-10-01$107m0.0x0.0x
Brookdale Senior LivingVentas2018-08-20$194m0.0x0.0x
FlexiofficesNVM Private Equity (PE)2018-06-04$13m0.0x0.0x
MTGE Investment Corp.Annaly2018-05-02$900m0.0x0.0x
The Park : HuntersvilleOA Development2018-03-02$63m0.0x0.0x
RSI Communities LLCWilliam Lyon Homes2018-02-20$460m0.0x0.0x
Zenium Data CentersCyrusOne2017-12-21$442m0.0x0.0x
Pacific Bio-Material ManagementAzenta2017-07-05$33m0.0x0.0x
The Office GroupThe Blackstone Group (PE)2017-06-19$770m0.0x0.0x
Tesam Distribution Ltd.Clipper Logistics2017-05-25$18m6.5x0.6x
Kalyx Development Inc.Kalyx Properties Inc.2017-05-08$60m0.0x0.0x
Forestar GroupStarwood Capital Group (PE)2017-04-13$605m12.6x3.1x
CNL Lifestyle PropertiesEPR Properties2017-04-06$456m0.0x0.0x
Daiichi Sankyo Co. Ltd. - Pharmaceutical Packaging FacilityUDG Healthcare2017-04-03$14m0.0x0.0x
Savvy Homes LLCAV Homes2017-03-03$50m0.0x0.0x
Bulevar Rentas Inmobiliarias S.AParque Arauco2017-01-06$60m0.0x0.0x
Solon Eiendom ASSolon Eiendom2016-11-21$121m0.0x0.0x
WCI CommunitiesLennar2016-09-22$809m13.5x1.3x
Tremont Realty Capital LLCRMR Group2016-08-08$2m0.0x0.0x
Resource AmericaC-III Capital Partners LLC2016-05-23$207m9.4x2.0x
Market Common ClarendoRegency Centers2016-05-16$406m0.0x0.0x
The Osprey Management Co. Ltd.KCR Residential REIT2016-05-09$2m0.0x0.0x
DBK PartnersRPS Group2016-04-26$20m0.0x0.0x
Forest City - Military Housing BusinessHunt Companies2016-02-22$209m0.0x0.0x
Sonoma Ridge ApartmentsSunroad Enterprises2016-02-11$30m0.0x0.0x
Bristol Bay ApartmentsSunroad Enterprises2016-02-04$36m0.0x0.0x
Acadia Homes & NeighborhoodsTaylor Morrison2016-01-08$85m0.0x0.0x
Grosvenor Shopping CentreH.I.G. Private Equity (PE)2015-05-18$100m0.0x0.0x
AmREITEDENS2015-02-18$763m0.0x0.0x
The American Home PortfolioSilver Bay Realty Trust Corp.2015-02-18$263m0.0x0.0x
Kaisa Group HoldingsSunac China Holdings2015-01-29$587m0.0x0.0x
Gator GroveAlico2014-12-03$17m0.0x0.0x
Distribution Property - 1920 West Baseline Road -Liberty Property Trust2014-11-18$27m0.0x0.0x
102 Greene St Retail PropertySL Green2014-11-04$32m0.0x0.0x
Cross Healthcare - Seniors Housing PortfolioCareTrust2014-10-28$12m0.0x0.0x
Newport Pavilion Phase IIIRC Retail Centers LLC2014-10-17$24m0.0x0.0x
The Prairie CrossingsIRC Retail Centers LLC2014-10-06$25m0.0x0.0x
Holiday Acquisition - 21 independent living facilitiesSabra Health Care REIT2014-09-29$550m0.0x0.0x
Merchants Property Development (Guangzhou) Co.China Merchants Land2014-09-14$190m0.0x0.0x

n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.

Who owns Real Estate companies

On PEStore, Real Estate sits within Real Estate. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.

Real Estate investors and acquirers on PEStoreMultiples across every sector

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