Top 10 Real Estate Transactions (July 2026)

Cate Costin, Marketing Manager · August 20, 2026

Data sourced from Joe, the private fund performance platform powered by Dakota. Learn More | Request Access

For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.

In July alone, we added more than 1,700 new private company transactions, bringing the total to over 27,900 searchable deals across sectors, industries, and transaction types in Joe powered by Dakota Marketplace.

Inside Joe, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.

To ensure the most comprehensive coverage of private market activity, Dakota’s team monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.

Below are the top 10 real estate transactions.

1. LXP Industrial Trust - Take-Private / Public-to-Private

  • Transaction Date: 7/20/2026
  • Industry: Industrial REITs
  • Type: Buyout/Private Equity
  • Transaction Value: $5.2B

Crocs has agreed to acquire Birkenstock from L Catterton and the Birkenstock family in an all-cash transaction at €68.50 per share, implying an enterprise value of approximately €10.6 billion — a 30% premium to Birkenstock's unaffected closing price — creating a global footwear platform with approximately $5.5 billion in combined 2025 net revenues and $1.6 billion in combined adjusted EBITDA. The deal pairs Crocs' brand management, direct-to-consumer capabilities, and global distribution with Birkenstock's heritage premium positioning, orthopedic product foundation, and growing luxury and fashion credibility, with approximately $100 million in targeted annual run-rate synergies within three years and adjusted EPS accretion expected in the first full year following close.

2. EdgeConneX Inc - Minority

  • Transaction Date: 7/3/2026
  • Industry: Specialized REITs
  • Type: Credit
  • Transaction Value: $1.75B

CPP Investments has committed US$1.75 billion to partner with EQT in support of EdgeConneX, a global data center developer and operator across 20+ countries that has scaled capacity nearly 20x since EQT's 2020 acquisition and plans to develop more than 10 gigawatts of additional data centers across the Americas, EMEA, and Asia Pacific. The investment expands CPP Investments' digital infrastructure exposure to a platform serving hyperscale, cloud, and enterprise customers as accelerating AI and cloud adoption drives durable long-term demand for high-quality global data center capacity.

3. Whitestone REIT - Take-Private / Public-to-Private

  • Transaction Date: 7/14/2026
  • Industry: Retail REITs
  • Type: Buyout/Private Equity
  • Transaction Value: $1.7B

Celestica has agreed to acquire Benchmark Electronics for approximately $1.1 billion in an all-cash transaction at $28.00 per share — a 37% premium to Benchmark's 30-day volume-weighted average price — adding a leading electronics manufacturing services provider with approximately $2.3 billion in 2025 revenue serving semiconductor capital equipment, industrials, medical, and defense end markets. The deal accelerates Celestica's diversification into high-complexity, high-mix manufacturing segments and expands its advanced manufacturing capabilities across North America, Asia, and Europe, with approximately $50 million in targeted annual run-rate synergies within two years and expected adjusted EPS accretion in the first full year following close.

4. Portfolio of Outpatient Medical Buildings - Real Estate

  • Transaction Date: 7/20/2026
  • Industry: Real Estate Management & Development
  • Type: Growth Equity
  • Transaction Value: $1.025B

Verizon Communications has agreed to acquire Frontier Communications in an all-cash transaction valued at approximately $20 billion at $38.50 per share, combining Verizon's nationwide wireless network with Frontier's approximately 2.2 million fiber broadband subscribers and extensive fiber infrastructure footprint across 25 states. The deal accelerates Verizon's fiber expansion strategy, adding Frontier's approximately 4.2 million fiber passings and significant additional fiber build commitments to create a stronger competitive position against cable operators in the residential and small business broadband market, with the transaction expected to be accretive to Verizon's adjusted EPS within three years of close.

5. 38 industrial buildings - Real Estate

  • Transaction Date: 7/29/2026
  • Industry: Retail REITs
  • Type: Real Assets
  • Transaction Value: $1B

Stonemont and PCCP LLC have agreed to acquire a portfolio of 38 industrial buildings totaling approximately 5.9 million square feet from Blackstone's Link Logistics for approximately $1 billion, spanning bulk and light-industrial properties with stable long-term tenants across Austin, central Florida, Dallas, Phoenix, and Charlotte. The acquisition reflects continued institutional conviction in logistics real estate as AI-driven demand spills over into warehouse absorption — with Link Logistics seeing roughly 15% of new U.S. leasing from data center-related tenants over the past nine months — while new construction starts remain down over 60% from the 2022 peak, constraining supply and supporting rents.

Want to track real estate deal activity like this as it happens? Explore the full transactions tab in Joe for real-time, filterable data on every deal in this sector.

6. Capital 8 - Real Estate

  • Transaction Date: 7/23/2026
  • Industry: Real Estate Management & Development
  • Type: Real Assets
  • Transaction Value: $912M

Amancio Ortega's investment firm Pontegadea has acquired the Capital 8 office complex in Paris from Invesco for €800 million — the largest single office asset transaction in continental Europe since 2022 — adding a trophy property in Paris' prestigious 8th arrondissement that houses the headquarters of Tikehau Capital and offices of Mitsubishi, Standard Chartered, NatWest, CMA CGM, and others. The acquisition follows Pontegadea's June purchase of a 116,000 square meter logistics center in Oshawa, Ontario for C$187 million, continuing Ortega's systematic expansion of his global real estate portfolio beyond Inditex's retail empire.

7. Merritt Properties - Minority

  • Transaction Date: 7/1/2026
  • Industry: Real Estate Management & Development
  • Type: Growth Equity
  • Transaction Value: $750M

Azrieli Group has agreed to acquire a 30% stake in IDB Group — Israel's largest holding company with assets spanning real estate, insurance, retail, and infrastructure — for approximately NIS 2.6 billion (~$690 million) from controlling shareholder Eduardo Elsztain, with a right of first refusal to acquire Elsztain's remaining 40.6% stake over a five-year period at a formula-based price. The strategic investment provides Azrieli with meaningful exposure to IDB's diversified Israeli conglomerate portfolio while offering Elsztain liquidity and a structured path toward potential full exit, with the transaction subject to regulatory approvals including the Israeli Antitrust Authority.

8. 14-Asset Pan-European Logistics Portfolio - Real Estate

  • Transaction Date: 7/30/2026
  • Industry: Industrial REITs
  • Type: Real Assets
  • Transaction Value: $610M

EQT Real Estate has agreed to acquire a 14-asset pan-European logistics portfolio from Logicor for €532 million, comprising approximately 457,000 square meters of fully leased modern logistics space across eight UK, four German, and two French properties serving retail, e-commerce, logistics, and industrial occupiers. The acquisition expands EQT Real Estate's European logistics platform across established distribution corridors and major consumption centers, with the UK assets already transferred and the German and French assets pending customary closing conditions.

9. Premier German & Dutch Medical Outpatient Portfolio - Real Estate

  • Transaction Date: 7/1/2026
  • Industry: Health Care REITs
  • Type: Real Assets
  • Transaction Value: $457.7M

Blackstone Real Estate Income Trust has agreed to acquire Retail Opportunity Investments Corp. (ROIC) in an all-cash transaction at $18.25 per share, representing a total equity value of approximately $4.2 billion and enterprise value of approximately $5.8 billion — a 35% premium to ROIC's unaffected share price. The deal adds a 93-property, approximately 10.5 million square foot portfolio of grocery-anchored shopping centers concentrated in high-barrier-to-entry West Coast markets including Los Angeles, Seattle, Portland, and San Francisco, with the portfolio approximately 97% leased and generating stable, recurring cash flows underpinned by necessity-based grocery tenants.

10. The Bridge in Warsaw - Real Estate

  • Transaction Date: 7/7/2026
  • Industry: Real Estate Management & Development
  • Type: Real Assets
  • Transaction Value: $343M

Eastnine has agreed to acquire The Bridge, a newly completed 40-storey, 174-metre office tower in Warsaw's central business district developed by Ghelamco, at an underlying property value of €300 million (preliminary purchase price of approximately €260 million after adjustments), financed through existing cash and a €180 million five-year secured loan from Erste Group. The 92% leased, 55,300 square meter trophy asset — certified BREEAM Outstanding, WELL Platinum, and WiredScore Platinum — is anchored by Erste Bank Polska (25,000 sqm, Polish headquarters) and Visa (17,000 sqm, global technology hub), with average lease terms exceeding ten years and expected to increase Eastnine's profit from property management per share by 201% upon full occupancy.

Transactions in Joe, Powered by Dakota

At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Joe, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Joe helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, request access to Joe.

CC Cate Costin, Marketing Manager

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