Luxury real estate brokerage Corcoran Reverie set to debut renowned artist Justin Gaffrey's 30A inspired piece, 'Original Seascape' at the firm's premier event celebrating the vibrant synergy of local art, innovative design, and community spirit, in the coveted Grace Point community.
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The Milwaukee, WI, residential with retail project charts a path for greener high rises with an innovative, sustainable mass timber construction process
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Revealing Top Solutions in Audit Readiness, Network Management, and Interoperability Supporting CMS Compliance in 2025
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May 30, 2025 - Article has been updated to reflect company name change from “Inovalon (QSI-XL)” to “Inovalon Converged Quality”
Identifying Top Vendors Empowering Population Health, Chronic Disease Management, and Quality Analytics
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The property was acquired on behalf of the company’s Sterling Consumer Logistics Properties I, LP (“SCLP I”), a $225 million equity Fund which seeks to acquire primarily vacant, freestanding retail buildings with the intent to redevelop them into Neighborhood Fulfillment Centers.
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Newly constructed 284-unit luxury community in Madison represents the final acquisition in the firm's first commingled fund, showcasing strategic execution in growing Sun Belt markets.
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Transaction Highlights:
Secured aggregate gross proceeds of up to $50 million from leading institutional investors, consisting of $50 million senior secured convertible note due 2028 to be provided in two tranches of $15 million and $35 million.
New capital to drive growth in Europe and North America, supporting long-term revenue-generating infrastructure
Expansion into full-service provider model, enabling multi-revenue streams including ultra-fast charging, energy trading, and advertising
Exclusive projects secured at over 300 locations across Germany, with international rollout underway
Company expects significant recurring revenue starting late 2025 into 2026
The transaction was fully subscribed, and the subscription period has concluded. The offering closed on May 2, 2025.