Legal & General to sell CALA Group; American Healthcare REIT buys Trilogy REIT

S&P Global Market Intelligence presents a list of notable M&A transactions by North America-based real estate investors.

Patron Capital Ltd. and Sixth Street Partners LLC agreed to acquire CALA Group Ltd. from Legal & General Group PLC for nearly $1.53 billion. The transaction is expected to complete in the fourth quarter of 2024.

GAHC3 Trilogy JV LLC, a subsidiary of American Healthcare REIT Holdings LP acquired a 23.4% stake in Trilogy REIT Holdings for $252 million from NorthStar Healthcare Income OP.

New York-based homebuilding producer HomeSquare LLC acquired the premier residential concierge services provider Palace Guards. Tolerance Capital LLC acted as the exclusive financial advisor to HomeSquare LLC.

Read the previous edition of Real Estate M&A Replay.