US: Gatehouse Bank acquired a portfolio of 20 properties worth US$155 million in a joint venture with local private real estate investment firm Brennan Investment Group.
The portfolio is located across 12 states in the US, with the properties leased to 12 tenants with a weighted-average remaining lease term of 14 years.
The Royal Bank of Scotland provided the financing for the transaction through a Shariah compliant, five-year, fixed rate commercial mortgage-backed securities execution.