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Highlights
Centerbridge Partners is nearing a deal to acquire a minority stake in Merritt Properties from Almanac Realty Investors, the real estate investment arm of Neuberger Berman.
The potential investment, which still leaves the Merritt family as majority owners of the Maryland-based firm, would value the industrial property developer at approximately $3 billion.
Centerbridge is a significant real estate investor, having closed a $2.3 billion real estate fund in early 2022 and growing its capital under management to $47 billion.