EDENS Valuation, Funding & Investors

EDENS is valued at $2.5B as of December 2013.

See full EDENS profile

Last EDENS valuation

$2.5B

Strategic investment · Dec 2013

Last EDENS funding round

Strategic investment

Amount undisclosed · Dec 2013

Key investors in EDENS

EDENS Overview

About EDENS

EDENS is a Washington, D.C.-based real estate investment and management firm focused on retail and mixed-use properties. The company develops, owns, and operates shopping centers and urban districts, integrating leasing, marketing, design, construction, property management, and community engagement services. EDENS oversees assets in the United States Southeast and Mid-Atlantic regions, emphasizing experiential retail environments.


Founded

1966

HQ

United StatesWashington, DC

Website

edens.com

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$2.5B (Dec 2013)

EDENS Valuation

EDENS is currently valued at $2.5B, based on its strategic investment round in December 2013. Read the announcement ↗

The round included Blackstone.

EDENS valuation by funding round

EDENS valuation by funding round
DateStageValuation
Dec 2013Strategic investment$2.5B

EDENS Funding History

EDENS has raised 1 funding round.

EDENS funding rounds
DateStageInvestorsValuationDeal Summary
Dec 2013Strategic investmentBlackstone$2.5BA Blackstone-sponsored core real estate investment vehicle acquired the State of Michigan Retirement System's minority ownership in EDENS for USD 718 million as part of a USD 1.47 billion equity transaction announced on 20 December 2013. The same transaction brought a USD 750 million growth-equity commitment from institutional investors advised by J.P. Morgan Asset Management, New York State Teachers' Retirement System and Blackstone. Chain Store Age described the purchased interest as a 29 percent equity stake. Blackstone's total commitment was reported as USD 968 million including about USD 250 million of new investment. EDENS owns and manages community shopping centers in the eastern United States and was founded in 1966.

Who has invested in EDENS?

1 investor has backed EDENS across its funding rounds, including Blackstone.


EDENS Investors

Investors in EDENS by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by EDENS

EDENS has acquired 1 company to date.

Last acquisition by EDENS was on October 31st 2014. EDENS acquired AmREIT for $763M.


Latest Acquisitions by EDENS

AmREIT
Description
AmREIT Inc. is a self-administered real estate investment trust owning grocery-anchored shopping centers in Texas and Georgia. Houston-headquartered, it manages 20 properties totaling 3 million square feet, including Kroger-anchored Fountain Oaks in Atlanta acquired in 2013 and Woodlake Square. Tenants feature Publix supermarkets, Walgreens, and dollar stores in affluent suburbs. The REIT pursues value-add redevelopments and outparcel sales for income stability. Listed on OTC markets, AmREIT focuses on high-barrier markets with population growth exceeding national averages.
HQ CountryUnited States
HQ City
Houston, TX
Deal Date31 Oct 2014
Valuation$763M
EV/Revenue
EV/EBITDA

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EDENS Competitors

EDENS competitors include listed companies like IWG, TAG Immobilien, Lumo and Pandox, and private ones like Shanghai Taomao and Habi.

Public and private companies comparable to EDENS
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IWGSwitzerlandSwitzerlandPublicly listed$3.8B$487M$2.4B2.5x
TAG ImmobilienGermanyGermanyPublicly listed$1.1B$572M$2.4B15.7x
LumoFinlandFinlandPublicly listed$509M$157M$2.1B11.5x
PandoxSwedenSwedenPublicly listed$761M$597M$3.3B10.2x
Shanghai TaomaoChinaChinaPrivate--$1.3B-
HabiColombiaBogotaPrivate--$1B-

EDENS Public Comps

EDENS is still privately-owned, but its public comps include Fibra Danhos, Savills, Catena, Wallenstam, CPI Europe, Chandra Daya Investasi, AFI Properties, IWG, Heijmans and Gav-Yam Lands.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fibra Danhos$404M$328M6.5x6.0x8.0x9.0x
Savills$3.4B$239M0.8x0.8x12.1x8.1x
Catena$270M$267M18.0x15.4x18.3x18.5x
Wallenstam$332M$218M17.9x18.8x27.2x28.0x
CPI Europe$917M$868M6.4x6.8x6.8x13.6x
Chandra Daya Investasi$148M$145M17.4x12.4x17.7x33.2x
AFI Properties$506M-12.3x---
IWG$3.8B$487M2.6x2.5x20.4x16.9x

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Common questions about EDENS

When was EDENS founded?EDENS was founded in 1966.
Where is EDENS headquartered?EDENS is headquartered in Washington, DC, United States.
Is EDENS publicly listed?No, EDENS is a private, VC-backed company.
What is EDENS's valuation?EDENS was last valued at $2.5B in its strategic investment round in December 2013.
What was EDENS's last funding round?EDENS's last funding round was a strategic investment round in December 2013.
Who are EDENS's investors?EDENS's investors include Blackstone.
Which companies are comparable to EDENS?Companies comparable to EDENS include IWG, TAG Immobilien, Lumo, Pandox, Shanghai Taomao and Habi.
How many companies has EDENS acquired?EDENS has acquired 1 company, including AmREIT.
What was the largest acquisition by EDENS?The $763M acquisition of AmREIT in October 2014 is the largest acquisition EDENS has made to date.

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