Summary:
- Bridgepoint Group will acquire Kayne Anderson Real Estate in a $1.39 billion cash-and-stock transaction, marking its first move into U.S. real estate.
- The deal includes Kayne Anderson’s $22 billion real estate portfolio across student housing, senior housing, medical office and light industrial assets.
- If approved, the transaction is expected to close by year-end, with Kayne Anderson operating as Kayne Bridgepoint and CEO Al Rabil remaining in place.
Original article:
https://www.multihousingnews.com/bridgepoint-to-acquire-kayne-anderson-for-1-4b/
