Research | Oct 4, 2018 Germany sees significant increase in subordinated financing by Marek Handzel There has been a significant increase in the provision of subordinated financing among German real estate investors, according to the FAP Group. In its latest FAP Mezzanine Report for 2018, the consultant has reported strong growth in the provision of subordinated capital over the last 12 months.
Investors | Oct 4, 2018 Norfolk County to invest $58m in real estate by Andrea Zander Norfolk County (Mass.) Retirement System has issued two RFPs for real estate.
Fundraising | Oct 4, 2018 Angel Oak Capital markets second fund by Andrea Zander Angel Oak Capital has a second fund in the market.
People | Oct 4, 2018 AXA Investment Managers – Real Assets boosts sector specialists team by Released AXA Investment Managers – Real Assets has further bolstered its sector specialists team.
People | Oct 4, 2018 Charlie Haase joins Aetos Japan as managing director by Released Aetos Japan has hired Charlie Haase as a managing director to support the firm’s strategic business development efforts.
Investors | Oct 4, 2018 Patrizia acquires stake in proptech firm Evana by Andrea Zander Evana AG, a German Proptech company specializing in data exchange using artificial intelligence, has completed an A-series round of financing led by pan-European real estate investment manager Patrizia Immobilien and other investors.
Investors | Oct 4, 2018 Peakside Capital and Brickblock partner to offer tokenized real estate fund by Andrea Zander Peakside Capital Advisors AG and Brickblock have formed a strategic partnership that will merge institutional real estate investment management with the benefits of blockchain technology.
Investors | Oct 4, 2018 Real I.S. to expand property portfolio for individual mandate by Andrea Zander Real I.S. has received an additional €250 million ($288 million) in equity from a German insurance company to further expand its diversified real estate portfolio.
Fundraising | Oct 4, 2018 Covenant Capital raises $344m for ninth fund by Andrea Zander Covenant Capital Group has raised $344.02 million for its apartment fund.
Fundraising | Oct 4, 2018 LRI Group launches private debt real estate fund with Aggregate Debt Advisory by Andrea Zander LRI Group has partnered with Aggregate Debt Advisory to launch the Aggregate Debt Fund in the form of a Reserved Alternative Investment Fund (RAIF).
Fundraising | Oct 4, 2018 Prime Finance closes CMBS fund by Andrea Zander Prime Finance, a private commercial real estate finance company, has held a close for its CMBS fund.
Investors | Oct 4, 2018 Arizona PSPRS makes $70m commitment to real estate by Andrea Zander The Arizona Public Safety Personnel Retirement System (PSPRS) has plans to commit $70 million to real estate.
Research | Oct 4, 2018 Investors positioned to benefit from long-term growth in the seniors housing sector by Andrea Zander Real estate developers and investors are seeking to establish themselves in the seniors housing sector to take advantage of the “silver tsunami” of baby boomers set to enter the seniors housing market over the next decade. According to JLL’s Mid-Year 2018 Seniors Housing Investor Survey, 57 percent of respondents indicated seniors housing cap rates will compress relative to other asset types, a sign that the sector is drawing investment and competition for product is heating up.
Fundraising | Oct 3, 2018 AXA Investment Managers - Real Assets completes acquisition of two U.S. logistics properties by Released AXA Investment Managers - Real Assets and Bixby Land Co. have acquired two class-A industrial warehouses in Phoenix and West Sacramento, Calif., for a total consideration of $60.5 million. AXA IM - Real Assets made acquisition on behalf of clients.
Transactions | Oct 3, 2018 Blackstone seeks buyers for European hotel portfolio by Andrea Zander Blackstone Group is seeking buyers for a portfolio of European hotels, according to Bloomberg, citing people familiar with the matter.
Transactions | Oct 3, 2018 SCA Property buys 10 shopping centers from Vicinity for A$573m by Andrea Zander New South Wales–based SCA Property Group has purchased 10 subregional shopping centers from Vicinity Centers for A$573 million ($409 million).
Transactions | Oct 3, 2018 French REIT sells three Paris properties for €425m by Andrea Zander Icade, the property affiliate of French state-owned financial institution Caisse des Dépôts et Consignations, has agreed to sell two business parks and an office building in Paris.
People | Oct 3, 2018 PGIM Real Estate’s defined contribution practice expands globally and adds senior leadership by Released PGIM Real Estate, the real estate investment business of PGIM, has made several promotions as it expands its defined contribution platform.
Fundraising | Oct 3, 2018 IGIS Asset Management Co. holds $350m final close by Andrea Zander IGIS Asset Management Co. has closed its fund with an equity capitalization of KRW 400 billion ($350 million), approximately 12 months after launching marketing.
Transactions | Oct 3, 2018 Prologis completes sale of $1.1b portfolio by Released Prologis has completed the sale of a high-quality portfolio of buildings and land in Europe and the United States to a major Asian property company for $1.1 billion.
