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Adler and LEG sign big portfolio deal and Brack Capital sale

The Adler Group today notarized the portfolio sale of around 15,500 units with LEG for around €1.291 billion or around €1,345 / m². This equates to a multiplier of about 19.8x based on in-place rents. In addition, Adler is also selling its subsidiary Brack Capital Properties. The transactions are still…