Not exact matches
I
valued the NAV of the
partnership's underlying assets at about $ 17.35 per
unit and was able to purchase
units for an average price of around $ 11.65.
The acquisition consideration consists of the assumption of approximately $ 231.1 million of outstanding mortgage debt, the issuance of 325,098 operating
partnership units valued at $ 46.14 per
unit, and approximately $ 380.9 million in cash.
The transaction has a total equity
value of approximately $ 444 million based upon MART's approximately 21 million common shares and
partnership units outstanding.
Through
partnerships with The Carlyle Group private equity firm, New York investment bank Lehman Brothers and international real estate company Trammell Crow, Bobby delivered over 1,200 residential
units and 200,000 square feet of commercial property
valued at over $ 600 million.
Patriot American's acquisition of Summerfield Hotel Corp. cost $ 170 million in cash plus 4.59 million operating
partnership units and paired shares for a total
value of $ 283.9 million.
The number of
partnership units issued was determined based on a
value of $ 55 per
unit.