US construction & real estate industry sees a drop of 1.5% in deal activity in July 2019

21 August 2019 (Last Updated August 21st, 2019 13:40)

US construction & real estate industry sees a drop of 1.5% in deal activity in July 2019

The US construction & real estate industry saw a drop of 1.5% in overall deal activity during July 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 66 deals worth $5.63bn were announced in July 2019, compared to the 12-month average of 67 deals.

M&A was the leading category in the month in terms of volume with 57 deals which accounted for 86.4% of all deals.

In second place was private equity with six deals, followed by venture financing with three transactions, respectively accounting for 9.1% and 4.6% of overall deal activity in the country's construction & real estate industry during the month.

In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $4.8bn, while private equity and venture financing deals totalled $494.1m and $331.7m, respectively.

US construction & real estate industry deals in July 2019: Top deals

The top five construction & real estate industry deals accounted for 95.9% of the overall value during July 2019.

The combined value of the top five construction & real estate deals stood at $5.39bn, against the overall value of $5.63bn recorded for the month.

The top five construction & real estate industry deals of July 2019 tracked by GlobalData were:

1) Prologis’ $3.99bn acquisition of Industrial Property Trust

2) The $448.59m acquisition of Condor Hospitality Trust by NHT Operating Partnership

3) Canada Pension Plan Investment Board, Dragoneer Investment Group, Fidelity Investments, Founders Fund, Qatar Investment Authority and SoftBank Vision Fund's $370m venture financing of Urban Compass

4) The $328m private equity deal with Seal For Life Industries by Arsenal Capital Partners

5) NexPoint Hospitality Trust's acquisition of Condor Hospitality Trust for $255.88m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term 'acquisition' refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.