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Bradenton

Updated Oct 29, 2024

EQT Acquires Bradenton's IMG Academy Campus For $351.59M
SOLDPackage Deal

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.

Players

E
EQTBuyer

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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

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