Updated Oct 29, 2024
EQT Acquires Bradenton's IMG Academy Campus For $351.59M
Bradenton
$351,590,000
Building Size
—
Asset Type
Package Deal
Closing
Jun 29, 2023
About this deal
AI
Swedish private equity company EQT has completed a significant property acquisition in Bradenton's IMG Academy campus. The transaction involved the purchase of various assets within the campus, including land parcels, a hotel, and a golf course. The total sale price for these properties amounted to $351,590,000.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $351,590,000
- Buyer: EQT
- Date: 06/29/2023
- Market: Bradenton
- Image: Christian Sinding
- Address: Portfolio
EQT's purchase of the IMG Academy campus showcases their interest in investing in the renowned sports school. With this acquisition, EQT has gained ownership of multiple land parcels, a hotel, and a golf course within the campus. This deal marks a significant move in EQT's expansion into the Bradenton market.
Los Angeles Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93