BRG Advises Arizona State Retirement System in Acquisition of 50 Percent Stake in Mill Creek Residential Trust LLC

BRG advised Arizona State Retirement System (ASRS) in its $550 million acquisition of a 50 percent stake in Mill Creek Residential Trust LLC. The deal will allow ASRS direct control over this asset management platform while lowering its investment fees.

BRG acted as ASRS’s valuation and due diligence advisors in this deal. The BRG team advising ASRS was led by John Fenn and Brandon Cradeur.

BRG also represented ASRS on its 2016 investment in Ascent Resources, LLC.