IDI Acquires Verde Realty For $1.1B

Law360, Los Angeles (October 2, 2013, 9:46 PM EDT) -- Atlanta-based industrial real estate company Industrial Developments International, which in August was purchased by Brookfield Property Partners LP, has acquired Houston-based Verde Realty for $1.1 billion, the firm announced Tuesday. 

The merger of IDI and Verde Realty, which is majority-owned by Brookfield Property, will position IDI as one of the largest industrial property companies in North America, the firm said.

The combined entity, which will operate under the IDI name and be headquartered in Atlanta, has combined assets of more than $2 billion and will have...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.