GTIS Partners, Hovnanian Enterprises announce closing of $200m homebuilding JV portfolio bringing total portfolio to $1.5b

by Released

GTIS Partners and Hovnanian Enterprises have closed a $200 million joint venture to develop, construct and sell homes across a diversified portfolio of for-sale homebuilding communities.

Bain Capital on aviation real estate as a hybrid of real estate and infrastructure

by Andrea Zander

Aviation real estate includes hangars, terminals and fixed-base operations (FBOs), which are supported by long-term demand tied to global mobility and constrained by limited airport supply. This niche sector is growing alongside the expansion of alternative real estate. The industry remains fragmented, creating opportunities to scale platforms and improve performance through consolidation. In an exclusive IREI Q&A, Jared Melnik and Chris Leddy, managing directors at Bain Capital, discuss how the firm defines aviation real estate, evaluates opportunities within the sector and approaches investment and operations in this evolving space. The firm recently acquired APP Jet Center, a provider of aviation services at supply-constrained airports across the United States, to support the platform’s expansion into key markets and new hangar development.

Carmel Partners closes Fund 9 at $1.35b

by Released

Carmel Partners has held a final close for its Carmel Partners Investment Fund 9, the firm’s U.S. multifamily real estate value creation fund.

Newmark’s Jessica Morin on how AI is reshaping office demand

by Andrea Zander

Artificial intelligence (AI) is expected to slow office-using employment growth by roughly 2.1 percentage points by 2030, creating a moderate headwind rather than a collapse in demand, according to Newmark. The firm recently released a report on AI’s impact on office jobs and demand, highlighting emerging demand tied to AI, cloud and data infrastructure, particularly in major tech and talent hubs.