US construction & real estate industry saw a drop of 6.94% in overall deal activity during October 2021, when compared with the last 12-month average, led by Gazit Hercules 2020’s $1.68bn acquisition of Atrium European Real Estate, according to GlobalData’s deals database.

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A total of 67 deals worth $3bn were announced in October 2021, compared with the 12-month average of 72 deals.

M&A was the leading category in the month in terms of volume with 47 deals, which accounted for 70.2% of all deals.

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In second place was private equity with 11 deals, followed by venture financing with nine transactions, respectively accounting for 16.4% and 13.4% of overall deal activity in the US technology 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 $2.01bn, while private equity and venture financing deals totalled $950m and $82.32m respectively.

US construction & real estate industry deals in October 2021: Top deals

The top five construction & real estate industry deals accounted for 99.05% of the overall value during October 2021.

The combined value of the top five construction & real estate deals stood at $3.01bn, against the overall value of $3bn recorded for the month.

The top five construction & real estate industry deals of October 2021 tracked by GlobalData were:

1) Gazit Hercules 2020 $1.68bn acquisition deal with Atrium European Real Estate

2) The $950m private equity of Oak Street Real Estate Capital by Blue Owl Capital

3) Jones Lang LaSalle $300m acquisition deal with Building Engines

4) The $55m venture financing of Zeus Living by CEAS Investments I,Eric Wu ,Initialized Capital,Miras,NFX Ventures,Susquehanna International Group and TI Platform Management

5) Clough North America Holding $28.25m acquisition deal with JJ White