CHICAGO, Dec. 18, 2025 /PRNewswire/ -- LaSalle Investment Management ("LaSalle") announced today that it has closed on a $230 million expansion of its joint venture with UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust. This transaction increases the total size of the joint venture to approximately $850 million. The expansion adds four apartment communities totaling 974 homes to the joint venture's portfolio, which now comprises 2,564 homes. The newly contributed properties are loc ...

Core Insights - BRF and Marfrig Global Foods have expanded their joint venture with Halal Products Development Company to enhance their presence in Saudi Arabia and the MENA region [1][3] - The joint venture will be named BRF Arabia Holding and will include distribution businesses and manufacturing plants in several Middle Eastern countries [2][4] - The transaction is valued at $2.07 billion and is expected to contribute significantly to the consolidated revenue and EBITDA of Marfrig and BRF [4][5] Group 1 - The merger of BRF and Marfrig has led to the formation of MBRF, which aims to strengthen regional operations with the support of HPDC [1][3] - The joint venture will facilitate a potential initial public offering (IPO) for BRF Arabia by 2027, depending on market conditions [3][6] - The assets being transferred generated $2.1 billion in net sales over the past year, accounting for 7.3% of the combined revenue of Marfrig and BRF [4][5] Group 2 - A ten-year product supply agreement will be established between MBRF and BRF Arabia, with pricing based on total cost plus 5% [5] - HPDC will initially hold a 10% stake in BRF Arabia, with plans to increase its ownership to 30% and potentially up to 40% through capital contributions [5] - The completion of the transaction is subject to customary approvals, including antitrust clearance, and is expected in the first quarter of 2026 [6]