Seller Details:
Artemis is a real estate firm with investment expertise and has acquired over $17 billion gross purchase price of assets in more than 300 investments since its founding in 2009. Artemis is based in Washington, DC, and makes equity and debt investments across the U.S. in core, core plus, value add and opportunistic real estate. Artemis specializes in joint venture partnerships with established, diverse and emerging operating partners and direct investments.
Buyer Details:
Barings is a $421+ billion global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
Transaction Summary:
This acquisition will strengthen Barings’ position in the U.S. real estate market and accelerate the platform’s long-term growth by combining the firms’ complementary investment capabilities and expertise. Barings capabilities will increase Artemis’ access to capital across the risk spectrum for their broad base of joint venture operating partners across the U.S.. The transaction is expected to close in the first quarter of 2025.