Carlyle is one of the biggest private equity firms in the country—and the news of these giants' tumbling Q4 profits doesn't have them slowing down. The firm started the year with repurchasing $200M in its own stock, and raising over $500M in a new real estate fund.
As doomsayers see a recession on the horizon, let's see what the private equity behemoth has done over the past two years to prep for what has been a rocky 2016.
Park 205 Complex
Price: $48.5M
Size: 115 units
Buyer: L&B Realty
Carlyle built up this Chicago luxury apartment complex in a JV with Trammell Crow after buying the 3.6-acre site in April 2014. Its sale of the complex in January 2016 came at $420k a unit, the second-highest price per unit ever paid for a suburban multifamily project.
Atlanta Warehouse Project
Price: N/A
Size: 35 acres
Buyer: N/A
Carlyle JV'ed with Oakmont Industrial Group in February 2015 to snatch up this property to build a 370k SF speculative warehouse on the site. The move was Carlyle's second speculative foray in Atlanta that year, as it JV'ed with Oakmont to put together a 605k SF deal as well.
Emeryville Apartments
Price: $45.1M
Size: 220 units
Seller: Prologis
In a JV with the Bascom Group, Carlyle bought this S.F. mixed-use project with plans to spruce up the apartment units with amenities like new washers and dryers, and modern appliances. The deal for the complex was brokered by Colliers and included a $40.6M loan from California Bank & Trust.
Broadstone Tinsley Park
Price: $39.9M
Size: 10.5 acre
Seller: City Of Houston
Carlyle bought this Houston development site in a JV with Alliance Residential with the idea of putting up a 365-unit multifamily complex on the lot. The site took over a year to get through environmental remediation.
Lauderdale Marine Center
Price: $140M-$150M
Size: 60 acres
Seller: Selvin Passen and Morio Mito
The private equity real estate giant threw its weight around on this deal, buying up the largest yacht repair facility and marina in the US. The site benefits greatly from the scarcity of available waterfront land, and is a hot spot for mega-yacht owners.
Netflix Headquarters
Price: $192M
Size: 263k SF
Buyer: CBRE and WealthCap Management
Carlyle Group and JV partner Sandy Hill Property put Netflix's headquarters on the market in May 2015, and finally sold it in September 2015. The video-streaming giant has a lease on the property that runs until 2025, and based on the website's success, is a pretty sweet tenant to lock down.
Villa Malibu
Price: $62M
Size: 68 units
Buyer: Pacific Eagle Holdings
Carlyle sold this Malibu luxury apartment complex in September 2015, with a cap rate under 3%. The gorgeous complex puts together ocean views with all the luxury amenities you could ask for—tennis and basketball courts, a swimming pool with cabanas, and a dog park.
MirAvanti at Ridgmar
Price: $22M
Size: 101 units
Seller: N/A
Carlyle JV'ed with Greystar to snag this Forth Worth senior living community in February 2016. The complex holds some of the largest units in the area, averaging 1,436 SF, and upscale amenities include a resort-style swimming pool, a hot tub and cabana, and a lounge and bar.
