J.P. Morgan Global Real Estate: Daily News and Research Summary

Research evidence excerpt

J P M O R G A N

North America Equity Research

05 August 2026

J.P. Morgan Global Real Estate

Daily News and Research Summary

Americas

REITs & Real Estate Services

Anthony Paolone, CFA AC

Prologis has announced that it has reached agreement with the board of

SEGRO plc on the terms of a recommended acquisition of SEGRO, valuing

SEGRO’s entire issued and to-be-issued ordinary share capital at

approximately $18.8 billion. The transaction is expected to close in the first

half of 2027. Link to the press release.

Ryman Hospitality Properties is in talks to acquire the Grande Lakes Orlando

resort in Orlando, Florida, from a venture of Trinity Investments and Elliott

Investment Management for around $1.4 billion ($879K/room), Real Estate

Alert reported. The price reflects a 7.8% capitalization rate based on last year’s

net operating income. The two-hotel resort comprises a 1,010-room JW

Marriott and a 582-room Ritz-Carlton. The property last traded in 2018 for

$900 million. Link to the article (subscription required).

Unibail-Rodamco-Westfield and the Canada Pension Plan Investment Board

have sold the Plaza Bonita shopping center in National City, California, to

Henderson Park and Lowe for $201.5 million, as reported by CoStar. The

property features 1 million sf space. Link to the article (subscription required).

BentallGreenOak has acquired an apartment property in Seattle, from Holland

Partner Group and NASH for $152 million, the Puget Sound Business Journal

reported. The seven-story property features 238-units. Link to the article

(subscription required).

Healthpeak Properties has acquired an assisted living facility in Boynton

Beach, Florida, from Kayne Anderson Real Estate for $62 million, as reported

by the South Florida Business Journal. The 7.5-acre property, built in 2015,

features 136-units. The asset last traded in 2019 for $27.03 million. Link to the

article (subscription required).

Investment firm Adams Street Partners LLC has leased 46,000 sf of office

space in downtown Chicago, Illinois, from landlord La Caisse, as reported by

the Chicago Business Journal. The firm expects to move into its new space next

summer.…