2121 Wheatsheaf Acquired by Greek Real Estate Partners — Real Estate M&A

Greek Real Estate Partners has completed the acquisition of 2121 Wheatsheaf, a real estate development business in Pennsylvania, for $46 million. The 2121 Wheatsheaf acquisition is tied to a bridge loan financing structure supporting the property’s development and near-term capital needs in Philadelphia. As a real estate services deal in PA, the real estate development acquisition aligns with Greek Real Estate Partners acquisitions strategy and private equity acquisition objectives. The other acquisition closed with $46 million in bridge debt, sized within the $25M–$50M range, to fund project execution and reduce timing risk for the development timeline.