North America’s construction & real estate industry saw a rise of 27.38% in deal activity during January 2022, when compared with the last 12-month average, led by Blackstone Real Estate Income Trust’s $3.7bn acquisition of Resource REIT, according to GlobalData’s deals database.
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A total of 107 construction & real estate industry deals worth $4.2bn were announced for the region in January 2022, against the 12-month average of 84 deals.
Of all the deal types, M&A saw most activity in January 2022 with 77 transactions, representing a 72% share for the region.
In second place was private equity with 19 deals, followed by venture financing deals with 11 transactions, respectively capturing a 17.8% and 10.3% share of the overall deal activity for the month.
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In terms of value of deals, M&A was the leading category in North America’s construction & real estate industry with $4.1bn, while venture financing and private equity deals totalled $63.36m and $40m, respectively.
North America construction & real estate industry deals in January 2022: Top deals
The top five construction & real estate deals accounted for 98.6% of the overall value during January 2022.
The combined value of the top five construction & real estate deals stood at $4.14bn, against the overall value of $4.2bn recorded for the month.
The top five construction & real estate industry deals of January 2022 tracked by GlobalData were:
1) Blackstone Real Estate Income Trust $3.7bn acquisition deal with Resource REIT
2) The $195m acquisition of PETILLO by Sterling ConstructionInc
3) Landsea Homes $179.3m acquisition deal with Hanover Family Builders
4) The $40m private equity deal for 35% stake in Banner Oak Capital Partners by Pacific Current Group
5) Byers Capital,Founders Fund,Initialized Capital,Khosla Ventures,LenX and Zigg Capital $30m venture financing deal with Culdesac