MARCO ISLAND, Florida – MassMutual’s Barings LLC is selling The JW Marriott Marco Island Beach Resort for a reported $835 million to Sculptor Diversified Real Estate Income Trust. The deal includes two 18-hotel golf courses in Naples, Florida.
The transaction, expected to close by May 1, includes the 809-room beachfront resort, more than 10 acres of beachfront land and the Hammock Bay and Rookery golf courses.
Sculptor Diversified is a private, nontraded real estate investment trust managed by Sculptor Real Estate, with global holdings across hospitality and commercial assets…