In yet another coup for Australian companies in the U.S., Babcock & Brown subsidiary Babcock & Brown Residential yesterday finalised the buy out BNP residential Properties for a total of $1.06 billion.
The deal involves the purchase by the B&B subsidiary based in Charlotte, North Carolina, of all shares in BNP for $AUD30.55 a share.
Babcock & Brown Residential LLC is a
Its portfolio consists of 105 apartment buy lorazepam australia communities with over 28,500 units in 10 states throughout the southern
Banc of America Securities LLC acted as financial advisor to BNP Residential Properties.
Babcock & Brown chief Phil Green said yesterday that BNP’s high quality apartment portfolio adds critical mass to Babcock & Brown’s wider
“We are very pleased to have BNP’s highly experienced senior management team on board who will assist in developing and growing our real estate platform in
The deal was originally signalled last August.
Australian Property Journal