McKenna Leavens
The five assets are in Massachusetts, Maryland, New Jersey, Pennsylvania and Virginia.
The Hong Kong-based private equity real estate firm has brought back former executive Jialin Li to lead its investment activities in the country’s logistics and residential sectors.
The manager is offloading 11 properties to REIT Equity Residential in separate transactions.
The manager’s open-ended Evergreen Fund contributed equity to the deal, which was financed by a Corebridge Financial loan.
The manager, founded by Blackstone veteran Tyler Henritze last year, made its first publicly disclosed investment via a newly formed joint venture.