I think this is the Americans (Marathon Asset Management) selling back to the Irish (Ires Reit) :
a portfolio of 815 apartments, mainly in Dublin,…spread across 16 locations>
The agreed value of the transaction, at €285 million, was about €45 million over the original asking price.
That averages just under Euro 350K. per apartment, close to MetalMike’s figure of 364K. Seems a steep price to pay when most of these apartments are in remote suburbs but there seems to have been a bidding war which pushed the price well above asking.
The Yanks are getting out well out of this (i.e NAMA did badly, as usual)
In 2015, the New York-headquartered company was reported to have paid Nama €120 million for the 588 apartments within the Plum portfolio.
So Marathon bundled another 227 apartments with the Plum portfolio which added 80 M. to the deal if they are similarly priced. That leaves Marathon with almost 60% profit on the Plum portfolio. Which they bought in 2015 i.e. when prices in Dublin were already half-way back to peak.
How come we pressured NAMA to sell off loan portfolios just when everyone could see the upside but we clung onto bank shares which have been losing steadily for the last 18 months?
I suspect there is some tax voodoo attached to 1 August e.g. 31 July is end-year for capital gains tax filings in some jurisdictions.