CAPRE’s Commercial Real Estate Headlines for February 11, 2020: Cushman & Wakefield to Acquire Pinnacle Property Management Services

Check out the latest deals and developments in commercial real estate for February 11, 2020: Cushman & Wakefield to Acquire Multifamily Property Management Leader Pinnacle Property Management Services: Cushman & Wakefield has entered into a definitive agreement to acquire Pinnacle Property Management Services, LLC, the third-largest multifamily property management firm in the U.S.  The acquisition—which is subject to customary closing conditions, including receipt of all applicable antitrust approvals—will establish a foothold for Cushman & Wakefield across 20 key U.S. multifamily markets and will significantly enhance the firm’s ability to meet the ever-growing demand for fully integrated real estate services from multifamily investors. Pinnacle manages more than 169,000 units across 839 properties for a variety of top multifamily owners including institutional, private and foreign investors; financial institutions; pension funds; private partnerships; sole owners; and government housing groups. Catalyst Opportunity Funds Invests in SoLa Impact Opportunity Zone Projects to Reenergize South Los Angeles Communities: Catalyst Opportunity Funds, a double bottom-line investment firm focused on transformative Opportunity Zone investments, has announced its latest investment in SoLa Impact (“SoLa”), a South Los Angeles-based Opportunity Zone project sponsor. Catalyst’s initial investment of qualified Opportunity Zone capital will be utilized by SoLa Impact to acquire, rehabilitate and develop multifamily and mixed-used properties across several Opportunity Zones in the South Los Angeles market. The SoLa projects aim to revitalize underserved LA neighborhoods such as Compton, Watts and South Central through real estate development, with additional wraparound services…