Stonemont Financial buys 100-property portfolio for $1.3B

August 25, 2017 04:51PM

Private equity real estate firm Oak Street Real Estate Capital sold a portfolio of 100 office, industrial and retail properties to Atlanta-based Stonemont Financial Group for $1.3 billion, the Wall Street Journal reported. Chicago-based Oak Street will continue to provide management services to the properties, which are spread across 20 states. CBRE brokered the deal and secured the financing. [WSJ]