Mack-Cali Buys Rental Properties
Real estate company Mack-Cali Realty of Edison announced on Jan. 22 it paid about $61.3 million for apartment complex Alterra at Overlook Ridge IA in Revere, Mass., from a group headed by insurance company Prudential in Newark. It also announced it paid $88.7 million for rental property Alterra at Overlook Ridge IB in Malden, Mass.
Lightstone Buys Hotels for $21M
Real estate trust Lightstone Value Plus Real Estate Investment Trust of Lakewood announced on Jan. 3 it paid about $21 million for three Midwestern hotel properties: SpringHill Suites by Marriott and Fairfield Inns & Suites by Marriott, both of West Des Moines, Iowa, and the Courtyard by Marriott in Willoughby, Ohio.
Acquisitions for Wyndham
Vacation rental manager Wyndham Vacation Rentals of Parsippany announced on Jan. 2 it acquired three properties: hotel operator Oceana Resorts in North Myrtle Beach, S.C.; vacation rental realtors Kaiser Realty in Gulf Shores, Ala.; and cottage rental provider Cumbrian Cottages in The Lake District, Cumbria County, United Kingdom.
Rand Diversified Acquired
Rand Diversified in Edison announced on Jan. 2 it has been acquired by Menasha Packaging in Neenah, Wis. Both are commercial packaging and shipping companies.
Innophos Makes Acquisition
Innophos Holdings in Cranbury announced on Jan. 2 its acquisition of Triarco Industries in Wayne. Both make specialty ingredients for various industries.