AKR - Mergers and acquisitions

NEW YORK, May 16, 2024 /PRNewswire/ -- J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced today it acquired a 95% interest in Shops at Grand Avenue, a 99,837-square foot, 100% leased, Class A grocery–anchored shopping center in the Maspeth neighborhood of Queens, NY. This acquisition is part of a strategic joint venture to pursue retail opportunities with Acadia Realty Trust (NYSE:AKR), an equity real estate investment trust. The total purchase price was $48 million (exclusive of closing costs), bringing the total asset value of the JPMREIT portfolio to more than $400 million.

Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced that the Company completed approximately $124 million of Core acquisitions. The Company will also participate and present at the Citi 2022 Global Property CEO Conference, which will be held on March 6-9, 2022 in Hollywood, FL. Core Portfolio Acquisitions The Company recently completed approximately $124 million of Core acquisitions. Williamsburg Collection, Brooklyn, New York. In February 2022, the Company completed an investment in a collection of 11 retail storefronts and 23 residential units for approximately $100 million on Bedford Avenue in the Williamsburg neighborhood of Brooklyn, New York. Williamsburg has

Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") announced that the Company completed approximately $96 million of Fund V acquisitions and a $42 million Core Structured Financing investment. The Company will participate virtually at the Bank of America Securities Global Real Estate 2021 Conference on September 21-22, 2021. "We are excited to add two new Fund V acquisitions and a Core Structured Financing investment as we continue to expand our portfolio with future value creation opportunities," stated Kenneth F. Bernstein, President & CEO of Acadia Realty Trust. Fund V Acquisitions Fund V completed $96 million of its previously announced $170 million of acquisitions under cont