ECHO Realty Acquisition, Valuation, Funding & Investors

Reysas Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust founded for investing and developing real estates in Turkey. It invests in real estates, capital market instruments based on real estates, real estate projects and rights based on real estates. The main focus of the company is the warehousing market. The company rents its warehouses for long terms in order to create continuous and stabile income from its portfolio.

Argan is a French real estate company. It specializes in the development and rental of premium logistics platforms for leading companies. The company develops and rents premium warehouses. It offers warehouses such as Dry products, Temperature controlled, positive cold storage, frozen storage, dual or triple temperature, and e-commerce.

citizenM is an Amsterdam-based hotel developer and operator founded in 2008. It created an affordable-luxury concept built around compact rooms, prominent communal spaces, centralized technology and properties in major urban markets. The company develops, owns and operates hotels while selling room nights and food-and-beverage services directly to travelers. Hotel operating revenue and property value appreciation support its integrated model. Its standardized design, digital check-in and international expansion strategy distinguish citizenM from conventional full-service chains, while its real-estate ownership makes it both an accommodation operator and property platform. Properties are concentrated in globally connected cities. citizenM serves B2C customers through activities spanning Accommodation, Real Estate Development and Buildings & Property. Its commercial model generates revenue through Services, supported by sector expertise, operating execution and customer relationships.

Flow is a Tel Aviv-based real estate developer managing multifamily residential communities in Israel. Properties feature app-based services for rent payments, package delivery, maintenance requests, and community events, integrating smart locks from August and fitness bookings via ClassPass. The portfolio includes 5,000 units in urban centers like Jerusalem and Haifa, combining physical amenities with digital resident portals.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.

Société pour le logement intermédiaire is a French state-created housing investment company established in 2015. Its mandate is to finance the construction of intermediate-rent homes for households in markets where private rents are high but social-housing eligibility is limited. At the time of the 2026 transfer, its portfolio contained nearly 8,500 homes, more than 6,000 of which had been delivered, concentrated mainly in high-demand areas. The company operates as a long-term property owner and investor and earns rental income from its housing stock. Caisse des Dépôts acquired the State’s interest to reinforce the group’s intermediate-housing activities. Its classification here reflects the activities and business model disclosed for the period surrounding the reported transaction.

BWP Group is an Australian REIT focused on owning warehouse or bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns is diversified across most Australian states and is on long-term leases to Australia’s dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers, a top-10 ASX-listed company by market capitalization. Wesfarmers owns 23% of BWP.

Neinor Homes SA is a residential property development company in Spain. The company is engaged in developing and selling property developments. Its operating segment includes Rentals, Development, Asset Management and others. The company generates maximum revenue from the Development segment.

Fortress Real Estate Investments Ltd invests in both direct property assets and listed real estate securities including both local and foreign property companies. It owns a portfolio of retail, office, industrial, logistics-CEE, logistics-SA, corporate and other. The company generates maximum revenue from the Logistics-SA segment.

Xenia Hotels & Resorts Inc is a real estate investment trust that invests in premium full-service, lifestyle, and urban upscale hotels and resorts across the United States. The company owns and pursues hotels in the upscale, upper upscale, and luxury segments that are affiliated with various brands. Its hotels are operated by Marriott, along with Hilton, Hyatt, Starwood, Kimpton, Aston, Fairmont, and Loews. The firm's properties are located in various regions across the U.S.: the South Atlantic, West South Central, Pacific, Mountain, and other regions. Xenia's revenue is divided between the sale of rooms, food and beverages, and other sources.

Metrovacesa SA is a real estate company. Its operations mainly focus on the development and sale of residential property on land classified as suitable for development. Its operating segments are Residential, Commercial, and Others. The company earns the majority of its revenue through the Residential segment. Geographically, it operates majorly in Spain.

Brigade Enterprises Ltd is a property development company. The company's operating segments include Real Estate, Hospitality, and Leasing. The Real Estate segment which generates maximum revenue, specializes in the development of residential and commercial projects on a sale basis. The company's portfolio includes villas, penthouses, premium residences, luxury apartments, value homes, urban studios, independent living for seniors, mixed-use lifestyle enclaves, and townships.

Entra ASA owns, develops, and manages properties in Norway. It is a commercial real estate company, focusing on large, high-quality, flexible, and environment-friendly office properties in clusters around central public transportation hubs in the cities in Norway. The property portfolio is divided into five different geographic areas Bergen, Oslo, Stavanger, Drammen, and Sandvika. The company leases its properties to the public sector. Rental income accounts for nearly all the company's operating revenue. It also generates income through property appreciation and sale.

Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential properties generates the majority of the company's revenue. The company has various Projects like New Homes, Buildings, Commercial and Retail, and Sven Mills. Company's business has the resources and capabilities to deliver a choice of new homes where people want to live now and into the future. Creating new communities of connection and belonging, building towards an Ireland where everyone can thrive.

Healthpeak & Brookfield - JV operates a real estate platform dedicated to the ownership and optimization of premium outpatient medical buildings and healthcare infrastructure. The core business model relies on generating stable, recurring rental revenue by leasing medical suites to healthcare providers, clinical systems, and physician practices. By combining institutional capital with specialized property management, the partnership seeks to maximize asset value through high occupancy rates and long-term tenant retention. The ultimate value proposition lies in offering essential clinical environments that support outpatient care delivery while providing stable, inflation-hedged yields to its stakeholders.

Aroundtown SA is a Luxembourg-based specialist real estate investment group focusing on value-add income-generating properties in the German markets. The group covers commercial and residential real estate assets that benefit from fundamentals and growth prospects. The company operates in Germany, the Netherlands, the United Kingdom, Belgium, and other countries, out of which the majority of the revenue is generated from the German markets.