Cuscaden Peak, the top shareholder of Paragon REIT, is moving to take the real estate investment trust private in a deal valued at $2.1 billion. This acquisition reflects the challenges facing Singapore's real estate investment trust sector. The deal has garnered attention as it involves significant backing from Temasek, a prominent investment company in Singapore. The buyout offer highlights the ongoing consolidation trends within the market, as investors seek to navigate the current economic landscape.