7 Hrs
Source:
Sky News
Goldman Sachs acquires LCN Capital for 410M
An article confirmed that Goldman Sachs has purchased L.C.N. Capital Partners for $410 million as part of its strategy to grow its asset management division, which manages $4 trillion in assets. The firm focuses on investing in commercial real estate, primarily through lease agreements, sale-leasebacks, and tripartite leasing, targeting the thriving real estate market and attracting wealth managers seeking a blend of real estate and institutional credit. The deal will enable the bank to offer lease contracts to its corporate clients, benefiting from tax advantages and high cash flows that are expected to increase with rising inflation, thereby enhancing investment returns and strengthening Goldman Sachs' presence in the real estate asset management sector.
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