Newport Beach, Calif.-based Green Street Advisors has acquired four financial services publications: Real Estate Alert, Commercial Mortgage Alert, Hedge Fund Alert, and Asset-Backed Alert from Harrison Scott Publications. The financial terms were not disclosed.
The transaction is the first for Green Street, an independent research and advisory firm concentrating on the commercial real estate industry, following last month’s appointment of Jeffry Stuek Jr. as the company’s new CEO. Welsh, Carson, Anderson & Stowe, which acquired Green Street in August 2019, will invest additional capital to fund this acquisition.
“We are very excited about this acquisition, the first in Green Street's history,” said Stuek. “These highly regarded publications have long provided real estate, finance, and investment professionals with unique content, objective news, and actionable information and insights. Their news team's deep subject matter expertise, journalistic integrity and professionalism have made these publications indispensable to their readership. We look forward to welcoming their talented team to Green Street and including their rich content on our cloud-based platform.”
The Green Street transaction marks the latest ownership transfers within this publishing sector. Last month, American Media Business LLC purchased National Mortgage Professional Magazine
, along with its Mortgage News Network subsidiary and affiliated titles.