Top 10 Real Estate Transactions (April 2026)

Top 10 Real Estate Transactions (April 2026)
9:10

For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.

In April alone, we added more than 2,000 new private company transactions, bringing the total to over 22,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.

Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.

To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.

Below are the top 10 real estate transactions.

1. First Capital REIT - Strategic Acquisition

  • Transaction Date: 4/16/2026
  • Industry: Retail REITs
  • Type: Acquisition/Merger
  • Transaction Value: $9.4B

KingSett Capital and Choice Properties REIT have agreed to acquire First Capital REIT in a transaction valued at approximately $9.4 billion including assumed debt, with unitholders receiving $19.24 in cash and 0.3186 Choice Properties units per unit — representing total consideration of $24.40 per unit and a 17% premium to First Capital's 20-day VWAP. Upon close, Choice Properties will acquire approximately $5.0 billion of urban necessity-based retail assets while KingSett acquires the remaining approximately $4.4 billion of First Capital's portfolio, solidifying Choice Properties as Canada's leading REIT.

2. Paragon - Real Estate

  • Transaction Date: 4/20/2026
  • Industry: Retail REITs
  • Type: Real Assets
  • Transaction Value: $2.9B

CICT has agreed to acquire Paragon, a fully occupied freehold integrated retail, office, and medical development on Singapore's Orchard Road, from Cuscaden Peak for S$3.9 billion at a 3.9% entry yield, with the transaction expected to be 2.1% DPU accretive while maintaining pro forma aggregate leverage at a prudent 39.2%.

3. Sila Realty Trust - Strategic Acquisition

  • Transaction Date: 4/20/2026
  • Industry: Health Care REITs
  • Type: Acquisition/Merger
  • Transaction Value: $2.4B

Blue Owl has agreed to acquire Sila Realty Trust, a healthcare-focused net lease REIT, for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion, representing a 19% premium to Sila's closing price prior to announcement. The deal gives Blue Owl a portfolio of 137 healthcare properties across 65 U.S. markets spanning the continuum of care, underpinned by long-term triple-net leases and strong tenant fundamentals.

4. Asia Square Tower 2 - Real Estate

  • Transaction Date: 4/20/2026
  • Industry: Retail REITs
  • Type: Real Assets
  • Transaction Value: $1.85B

CICT has agreed to sell Asia Square Tower 2, a leasehold office asset held since 2017, to IOI Marina View for S$2.48 billion — a 9.9% premium to its December 2025 market valuation — with net proceeds to be redeployed into higher-yielding assets and balance sheet strengthening.

5. Whitestone REIT - Take-Private

  • Transaction Date: 4/9/2026
  • Industry: Retail REITs
  • Type: Buyout/Private Equity
  • Transaction Value: $1.7B

Ares Management has agreed to acquire Whitestone REIT in an all-cash transaction valued at approximately $1.7 billion, or $19.00 per share, representing a 12.2% premium to Whitestone's closing price prior to announcement. The deal gives Ares a portfolio of 56 convenience-focused, open-air retail properties spanning roughly 4.9 million square feet across high-growth Sun Belt markets including Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio.

6. Vertical Bridge - Minority

  • Transaction Date: 4/22/2026
  • Industry: Specialized REITs
  • Type: Growth Equity
  • Transaction Value: $1.5B

KKR has agreed to make a $1.5 billion equity investment in Vertical Bridge, the largest private owner and operator of communications infrastructure in the United States with a nationwide portfolio of over 17,000 towers, joining existing sponsors DigitalBridge and La Caisse as long-term partners. The investment provides Vertical Bridge with a fully funded capital structure to accelerate organic tower development and selective M&A as 5G densification and surging data demand drive structural growth in wireless infrastructure.

7. Via Monte Napoleone 8 in Milan - Real Estate

  • Transaction Date: 4/1/2026
  • Industry: Retail REITs
  • Type: Real Assets
  • Transaction Value: $1.35B

Kering has finalized the sale of an 80% stake in its iconic Via Monte Napoleone 8 property in Milan to Al-Mirqab Group, contributing the asset to a newly incorporated joint venture that valued the building at approximately €1.16 billion, with Kering receiving €729 million at closing and €432 million deferred over five years while retaining a 20% stake. The transaction follows similar real estate partnerships in Paris and New York as part of Kering's strategy to unlock capital from trophy luxury retail properties while securing long-term access to prime flagship locations for its Houses.

8. Portfolio of 32 Nursing Facilities, 3 Independent Living Facilities - Asset Purchase

  • Transaction Date: 4/21/2026
  • Industry: Health Care REITs
  • Type: Acquisition/Merger
  • Transaction Value: $560M

National Health Investors (NHI) has agreed to sell a portfolio of 32 skilled nursing facilities and three independent living facilities to National HealthCare Corporation, the current lessee, for $560 million, with closing anticipated on July 1, 2026. The divestiture accelerates NHI's capital recycling strategy by reducing skilled nursing exposure, strengthening its balance sheet to approximately 2.3x net debt-to-EBITDA, and increasing private-pay senior housing concentration as the company pursues higher-quality investment opportunities.

9. Wasabi Technologies - Asset-Based Lending (ABL)

  • Transaction Date: 4/21/2026
  • Industry: Specialized REITs
  • Type: Credit
  • Transaction Value: $250M

Wasabi Technologies, a cloud storage provider, has secured a $250 million credit facility led by Bain Capital's Private Credit Group with participation from several institutional lenders, following a recent $70 million equity round that valued the company at $1.8 billion and bringing total funding to over $700 million. The financing will support continued investment in Wasabi's cloud storage infrastructure and global expansion as demand for scalable, cost-effective storage accelerates alongside AI and modern data-intensive workloads.

10. East Pompano Industrial Center - Real Estate

  • Transaction Date: 4/9/2026
  • Industry: Retail REITs
  • Type: Real Assets
  • Transaction Value: $220M

Kurv Industrial has acquired East Pompano Industrial Center, a five-building, 818,611-square-foot industrial park in Broward County, South Florida, from QuadReal Property Group for $220 million — the largest industrial acquisition in South Florida this year. The purchase is part of Kurv's previously announced $789 million joint venture with CPP Investments, with the 50%-leased park targeted for speculative office build-outs and energy-efficiency upgrades under Kurv's ownership.

Transactions in Dakota Marketplace

At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.

Cate Costin, Marketing Associate

Written By: Cate Costin, Marketing Associate