{"id":145125,"date":"2021-07-15T11:46:04","date_gmt":"2021-07-15T15:46:04","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=145125"},"modified":"2021-07-15T11:46:04","modified_gmt":"2021-07-15T15:46:04","slug":"monmouth-bids-signal-stepped-up-ma-activity","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/monmouth-bids-signal-stepped-up-ma-activity\/","title":{"rendered":"Monmouth Bids Signal Stepped-Up M&#038;A Activity"},"content":{"rendered":"<h1>Monmouth Bids Signal Stepped-Up M&amp;A Activity<\/h1>\n<h4>While Monmouth Real Estate Corp.\u2019s board of directors considers an unsolicited bid for its industrial REIT, other M&amp;A activity is heating up.<\/h4>\n<p>July 14, 2021 | Gail Kalinoski | Commercial Property Executive<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-36880 alignleft\" src=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2020\/10\/empty-conference-room-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\">Industrial REIT Monmouth Real Estate Corp., which was set to be purchased by Sam Zell\u2019s Equity Commonwealth in a $3.4 billion deal later this year, is now considering a second offer after receiving an&nbsp;unsolicited takeover bid&nbsp;this week reportedly from Starwood Capital Group.<\/p>\n<p>The all-cash offer from the unidentified \u201clarge private investment firm,\u201d which included commitment letters from a major global bank to cover debt financing and provide an equity bridge, came barely two months after Monmouth had signed a definitive agreement with Equity Commonwealth for sale of 65 percent of the REIT in an all-stock deal. The new bid, which came from Barry Sternlicht\u2019s <a href=\"https:\/\/qa.bluevaultpartners.com\/invest-manager-focus\/starwood\/\" target=\"_blank\" rel=\"noopener\">Starwood Capital Group<\/a>, would be for the entire REIT, according to Bloomberg, which broke the news. If Monmouth goes with the new bid, it would have to pay a $62 million termination fee for the&nbsp;original deal with Equity Commonwealth, which is part of Zell\u2019s Equity Group Investments LLC.<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-ico-before dashicons-text\" style=\"background-color: #33809e; color: #ffffff;\" target=\"_blank\" href=\"https:\/\/www.commercialsearch.com\/news\/monmouth-bids-sign-of-increased-ma-activity-experts-weigh-in\/\" rel=\"noopener\">Read Full Article<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Industrial REIT Monmouth Real Estate Corp., which was set to be purchased by Sam Zell\u2019s Equity Commonwealth in a $3.4 billion deal later this year, is now&#8230;<\/p>\n","protected":false},"author":2691,"featured_media":35376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2910],"tags":[],"class_list":["post-145125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-starwood"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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