Top 10 Real Estate Transactions (February 2026)

Top 10 Real Estate Transactions (February 2026)

Top 10 Real Estate Transactions (February 2026)
10:26

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 February alone, we added more than 1,700 new private company transactions, bringing the total to over 19,000 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. Veris Residential - Take-Private / Public-to-Private

  • Transaction Date: 2/23/2026
  • Industry: Residential REITs
  • Type: Buyout/Private Equity
  • Transaction Value: $3.4B
  • Participants: Eastdil Secured, Veris Residential Inc, Affinius Capital, Greenberg Traurig LLP, J.P. Morgan & Co., Vista Hill Partners, Morgan Stanley, Weil Gotshal & Manges LLP, Seyfarth Shaw LLP, UBS, Goldman Sachs & Co. LLC, Skadden, Arps, Slate, Meagher & Flom LLP, Simpson Thacher & Bartlett LLP

An investor consortium led by Affinius Capital and Vista Hill Partners has agreed to acquire Veris Residential, a Northeast-focused Class A multifamily REIT, in an all-cash transaction at $19.00 per share, implying an enterprise value of $3.4 billion and a ~23% premium to Veris' unaffected share price. The deal, expected to close in Q2 2026, marks the culmination of Veris' five-year transformation into a pure-play multifamily REIT following its pivot away from office assets.

2. Vantage Data Centers - Direct Lending

  • Transaction Date: 2/10/2026
  • Industry: Specialized REITs
  • Type: Credit
  • Transaction Value: $2.4B
  • Participants: Ares Management Corporation

Ares Management arranged a $2.4 billion debt facility for Vantage Data Centers, one of North America's largest hyperscale data center platforms with 17 campuses and 4+ GW of IT load capacity, to refinance existing debt and fund development and construction across its North American portfolio. Ares holds approximately $1.6 billion of the commitment, with the portfolio 100% leased under long-term agreements to predominantly investment-grade hyperscale cloud and AI customers.

3. Peakstone Realty Trust - Take-Private / Public-to-Private

  • Transaction Date: 2/2/2026
  • Industry: Office REITs
  • Type: Buyout/Private Equity
  • Transaction Value: $1.2B
  • Participants: BofA Securities, Inc., Brookfield l Oaktree, Peakstone Realty Trust, Latham & Watkins LLP, Citi Group Investment Banking, Gibson Dunn & Crutcher LLP

Brookfield Asset Management has agreed to acquire Peakstone Realty Trust, an industrial-focused REIT comprising 60 industrial outdoor storage (IOS) properties and 16 traditional industrial properties, at $21.00 per share in an all-cash transaction implying an enterprise value of ~$1.2 billion — representing a 34% premium to Peakstone's unaffected share price. The deal, expected to close by end of Q2 2026, expands Brookfield's industrial real estate platform following Peakstone's recent transformation into a pure-play industrial REIT after divesting all office properties in December 2025.

4. Varma Finnish Housing Portfolio - Real Estate

  • Transaction Date: 2/10/2026
  • Industry: Residential REITs
  • Type: Real Assets
  • Transaction Value: $1.068B
  • Participants: Kojamo, Varma Mutual Pension Insurance Co.

Kojamo, Finland's largest private residential real estate company, has agreed to acquire a portfolio of 4,761 apartments across 60 properties in Helsinki, Tampere, and Turku from Varma Mutual Pension Insurance Company for approximately €900 million, funded through a mix of new share issuance to Varma and a €600 million acquisition financing facility. The portfolio, currently 83% occupied, is expected to generate €63 million in stabilized annual rental income once Kojamo brings it onto its Lumo platform, with closing targeted by April 1, 2026.

5. Urban Partners Nordic Logistics Portfolio - Real Estate

  • Transaction Date: 2/19/2026
  • Industry: Industrial REITs
  • Type: Real Assets
  • Transaction Value: $970.6M
  • Participants: Urban Partners, Catena AB, JLL Investments, Colliers, HPP Attorneys

Catena has agreed to acquire a 20-property Nordic logistics portfolio totalling 612,000 m² of lettable area from Urban Partners for approximately SEK 8.8 billion, spanning Sweden, Denmark, and Finland — the latter marking Catena's entry into a new market. The portfolio is 96.5% occupied with an average lease term of ~11 years and is expected to generate SEK 483 million in annual net operating income at full occupancy, with transfer scheduled for April 1, 2026.

6. Kojamo - Direct Lending

  • Transaction Date: 2/10/2026
  • Industry: Residential REITs
  • Type: Credit
  • Transaction Value: $712M
  • Participants: Goldman Sachs Group Inc, Nordea Bank Abp Finland, Skandinaviska Enskilda Banken

Kojamo has agreed to acquire a housing portfolio and issued special rights entitling to shares. Kojamo has agreed a senior unsecured acquisition financing facility of EUR 600,000,000 with Goldman Sachs Bank Europe SE, Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ). The acquisition facility will have a tenor of 12 months. The acquisition facility is expected to be taken out via capital market debt financing.

7. Real Estate Assets of Bally’s Lincoln - Asset Purchase

  • Transaction Date: 2/11/2026
  • Industry: Specialized REITs
  • Type: Acquisition/Merger
  • Transaction Value: $700M
  • Participants: Gaming and Leisure Properties Inc, Bally's Corporation

Gaming and Leisure Properties (GLPI) acquired the real estate assets of Bally's Lincoln, a premier ~165,000 sq. ft. regional casino on a 190-acre site in Lincoln, Rhode Island that generated over $490 million in gross gaming revenue in 2025, from Bally's Corporation for $700 million at an 8.0% cap rate. The property has been added to GLPI's Bally's Master Lease II through 2039, generating $56 million in initial annual rent and is immediately accretive to AFFO per share.

8. Everest Infrastructure Partners - Minority

  • Transaction Date: 2/19/2026
  • Industry: Specialized REITs
  • Type: Growth Equity
  • Equity Investment: $500M
  • Participants: Peppertree Capital Management

Everest Infrastructure Partners closed $500 million in new equity capital commitments from TPG Peppertree to continue scaling its US wireless infrastructure platform — which spans wireless towers, rooftops, ground leases, and indoor DAS — bringing total capital commitments to over $2 billion since inception in 2015. The investment extends Everest's seven-year partnership with TPG Peppertree and positions the company for continued portfolio growth across US communications infrastructure.

9. Tidal Real Estate Partners - Direct Lending

  • Transaction Date: 2/9/2026
  • Industry: Real Estate Management & Development
  • Type: Credit
  • Transaction Value: $371.5M
  • Participants: Madison Realty Capital, KSL Capital Partners, Walker & Dunlop Inc

Walker & Dunlop arranged $371.5 million in construction financing from Madison Realty Capital and KSL Capital Partners for Tidal Real Estate Partners' development of The Nashville EDITION Hotel & Residences, a 28-story luxury mixed-use tower featuring 261 hotel rooms and 84 residences in Nashville's Gulch neighborhood. The project will include chef-led restaurant concepts, a spa, rooftop pool, and 8,300 sq. ft. of event space, marking the EDITION brand's entry into the Nashville market.

10. Barings 300 South Tryon - Real Estate

  • Transaction Date: 2/5/2026
  • Industry: Retail REITs
  • Type: Real Assets
  • Transaction Value: $317.5M
  • Participants: Cousins Properties Inc, Barings, LLC, MassMutual Funds

Cousins Properties acquired 300 South Tryon, a 638,000 sq. ft. Class A lifestyle office tower in Uptown Charlotte, from Barings for $317.5 million, funded through a combination of non-core asset sale proceeds, debt financing, and ATM equity settlement. The 25-story property, built in 2017 as Barings' global headquarters, is 100% leased with a six-year weighted average lease term, and the acquisition is immediately accretive to earnings.

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