Brookfield buys TA Realty portfolios for $854.5 million

JLL’s Capital Markets experts completed the sales of a 37-asset, 7.6 million-square-foot national logistics portfolio and a nine-asset, 1.1 million-square-foot diversified office portfolio. They also secured $475.5 million in acquisition financing.

Brookfield-sponsored private equity funds purchased both portfolios from TA Realty LLC for a total of $854.5 million. The transactions include assets across 12 states in key metro areas including Chicago, Dallas, Los Angeles and Washington, DC.

The combination of key locations, strong tenancy and diverse asset types gives the portfolio a low-risk income profile providing stability over the near term.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe