Sun Communities to sell U.K. assets for $1.03b

by Released

Sun Communities has entered into a definitive agreement to sell its U.K. assets, including the Park Holidays business to funds affiliated with Aermont Capital in an all-cash transaction with an enterprise value of £768 million ($1.03 billion).

Bedrock named exclusive land banking partner for Guggenheim Investments

by Released

Bedrock Land Finance, a full-suite provider of land banking and acquisition and development (A&D) lending for the U.S. homebuilding industry, has been selected as the exclusive land banking partner for the Guggenheim Investments Land Banking Strategy.

AI and creative destruction: A turning point for real estate investment management

by Chase McWhorter

Foundational to free market capitalism is creative destruction, which is the idea that competition forces inefficient or unproductive businesses to fail. That is, of course, only true if you weren’t deemed “too big to fail” in 2008–2009 — but I digress, as I’m not writing to debate the principals of free market capitalism in relation to our current system. In theory, under true free market capitalism, resources (capital and human) are taken from failed businesses and then reallocated to more valuable and innovative enterprises.

Harrison Street Asset Management sells student housing portfolio for $910m

by Released

Harrison Street Asset Management (HSAM) has sold a 12-property U.S. student housing portfolio to affiliates of The Scion Group and a global institutional investment manager.