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 November alone, we added more than 4,000 new private company transactions, bringing the total to over 13,000 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. National Storage REIT - Take-Private / Public-to-Private
- Transaction Date: 11/26/2025
- Industry: Specialized REITs
- Type: Buyout/Private Equity
- Transaction Value: $2.61B
- Participants: J.P. Morgan & Co., Brookfield Asset Management, GIC, Citigroup Inc, Clayton Utz, Deutsche Bank AG, Jefferies Financial Group Inc., National Storage REIT
A Brookfield- and GIC-led consortium has offered A$4.02 billion (US$2.61 billion) to acquire National Storage REIT, valuing the company at A$2.86 per share—a 26.5% premium to its prior close—in what would be Australia’s largest real-estate take-private to date. National Storage has granted exclusive due diligence until December 7, as the bid highlights strong global investor interest in the resilient self-storage sector and could give Brookfield a strategic foothold in future market consolidation.
2. CNL Healthcare Properties, Inc. - Merger
- Transaction Date: 11/5/2025
- Industry: Health Care REITs
- Type: Merger & Acquisition
- Transaction Value: $1.8B
- Participants: Sonida Senior Living Inc, CNL Healthcare Properties, Inc., RBC Capital Markets, BMO Capital Markets, Fried, Frank, Harris, Shriver & Jacobson LLP, Sidley Austin LLP, KeyBank Capital Markets Inc., Arnold & Porter Kaye Scholer LLP, Ropes & Gray LLP
Sonida Senior Living has agreed to acquire CNL Healthcare Properties in a stock-and-cash merger valued at approximately $1.8 billion, creating a $3 billion pure-play senior housing owner-operator with 153 communities across the U.S. The deal is expected to be immediately accretive to Normalized FFO (28–62%), strengthens Sonida’s balance sheet through deleveraging, and expands its scale, market reach, and access to capital; financing for the cash portion is fully committed by RBC, BMO, and major shareholders Conversant Capital and Silk Partners. Upon closing—anticipated in early 2026—Sonida’s management team will lead the combined entity, which will become the eighth-largest owner of U.S. senior living assets and continue trading under the ticker SNDA.
3. Eight-property student housing portfolio - Real Estate
- Transaction Date: 11/12/2025
- Industry: Residential REITs
- Type: Real Assets
- Transaction Value: $1B
- Participants: Landmark Properties, Morgan Stanley Investment Management (Eaton Vance), Global Student Accommodation, Abu Dhabi Investment Authority
A Landmark Properties–ADIA joint venture has sold an eight-property, 6,200-bed student housing portfolio to Morgan Stanley Real Estate Investing and Global Student Accommodation in a transaction valued at over $1 billion. Spanning Tier-1 university markets and a mix of cottage, mid-rise, and high-rise assets, the sale highlights strong institutional demand for premier student housing and provides liquidity for Landmark and ADIA to reinvest in new development and acquisition opportunities.
4. Data Center Site in Northern Virginia - Real Estate
- Transaction Date: 11/11/2025
- Industry: Specialized REITs
- Type: Real Assets
- Transaction Value: $700M
- Participants: Amazon Web Services, Stanley Martin Homes, LLC
Amazon Data Services has purchased a 188-acre site in Bristow, Virginia, for $700 million to develop a new data center campus, according to multiple reports. The land—sold by Stanley Martin Homes and previously rezoned for data center use in 2023—has been the subject of legal challenges, but a recent Court of Appeals decision upheld the county’s rezoning approval, clearing the way for Amazon’s expansion in Northern Virginia.
5. Dream Residential REIT - Take-Private / Public-to-Private
- Transaction Date: 11/18/2025
- Industry: Residential REITs
- Type: Buyout/Private Equity
- Transaction Value: $354M
- Participants: Morgan Properties Inc, TD Securities Investment Banking, Osler, Hoskin & Harcourt, Clifford Chance LLP, Goodmans LLP, RBC Capital Markets Investment Banking, Stikeman Elliott, Blank Rome LLP
Dream Residential REIT has been acquired by an affiliate of Morgan Properties in an all-cash US$354 million transaction, with unitholders receiving US$10.80 per unit through a combination of a US$3.40 special distribution and a US$7.40 redemption payment. The deal also ends the REIT’s external asset-management arrangements and will result in the REIT’s units being delisted from the TSX and the entity ceasing to be a reporting issuer under Canadian securities laws.
6. MCS (Mortgage Contracting Services) - Strategic Acquisition
- Transaction Date: 11/7/2025
- Industry: Real Estate Management & Development
- Type: Buyout/Private Equity
- Transaction Value: $330M
- Participants: MCS (Mortgage Contracting Services), SISCO Holdings, LLC, Stewart Information Services Corporation, Troutman Pepper Locke LLP, Macquarie Capital (Australia), BakerHostetler
Stewart Information Services has agreed to acquire the mortgage services operations of Mortgage Contracting Services (MCS) for $330 million, expanding its real estate solutions portfolio into property preservation and default-servicing support. The acquisition—expected to close by year-end—brings MCS’s longstanding technology and operational platform under Stewart’s umbrella, adding a complementary capability that will operate as a standalone division and is expected to be immediately accretive.
7. six industrial and logistics parks - Real Estate
- Transaction Date: 11/25/2025
- Industry: Industrial REITs
- Type: Real Assets
- Transaction Value: $300M
- Participants: IndoSpace Core, Indospace, CPP Investments
CPP Investments and IndoSpace have expanded their IndoSpace Core joint venture with the US$300 million (INR 30 billion / C$471 million) acquisition of six stabilized industrial and logistics parks across major Indian markets including Bengaluru, Chennai, Delhi, Mumbai, and Pune. CPP Investments will contribute INR 14 billion (C$217 million) toward the transaction, which adds 380 acres and ~9 million sq. ft. of leasable space, increasing IndoSpace Core’s portfolio to 22 million sq. ft. across 948 acres and reinforcing its position as India’s largest operator of stabilized logistics real estate.
8. Office Building - Real Estate
- Transaction Date: 11/11/2025
- Industry: Industrial REITs
- Type: Real Assets
- Transaction Value: $250M
- Participants: Capital Trust Advisors, The GPT Group
Trust Capital Advisors has acquired the 41,110sqm office building at 750 Collins Street, Melbourne from GPT’s Wholesale Office Fund for A$383m, with the property currently leased to Monash College for around 10 more years. The divestment aligns with GWOF’s strategy to recycle capital and rebalance its A$8.4bn portfolio, while the purchase underscores TCA’s long-term confidence in the Australian commercial real estate market.
9. The Ben Hotel in West Palm Beach - Real Estate
- Transaction Date: 11/7/2025
- Industry: Hotel & Resort REITs
- Type: Real Assets
- Transaction Value: $190M
- Participants: Related Ross, Wheelock Street Capital, CBRE Investment Management
Stephen Ross, through his firm Related Ross, is acquiring the 208-room Marriott Autograph Collection hotel at 251 North Narcissus Avenue in West Palm Beach from Wheelock Street Capital for $190 million. The transaction, brokered by CBRE, represents a notable expansion of Ross’s hospitality holdings and underscores his continued investment momentum in the downtown West Palm Beach market.
10. Pearl Properties - Structured Credit
- Transaction Date: 11/18/2025
- Industry: Real Estate Management & Development
- Type: Credit
- Transaction Value: $173M
- Participants: Counterpointe Investment Management, LLC, Barings, LLC
Counterpointe Sustainable Real Estate and Barings have closed a combined $173 million full-stack construction financing package for Harper Square, a 45-story luxury multifamily tower being developed by Pearl Properties in Philadelphia’s Rittenhouse Square. The structure includes $60 million in C-PACE financing—the largest ever completed in Pennsylvania—and approximately $113 million in mortgage financing from Barings, supporting a high-efficiency project designed to exceed energy codes and reduce modeled energy use by 36%.
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.
