Investors | Jun 4, 2018 Spirit Realty Capital announces completion of spin-off of SMTA REIT by Released Spirit Realty Capital announced the spin-off of Spirit MTA REIT has been completed. Shares of Spirit MTA REIT will begin regular trading today on the New York Stock Exchange under the ticker “SMTA.”
Transactions | Jun 4, 2018 Round Hill Capital enters Finland by Andrea Zander Round Hill Capital has acquired a residential portfolio in Finland, comprising 3,263 units.
Investors | Jun 4, 2018 Recent commercial real estate commitments by Loretta Clodfelter IREI’s FundTracker captured 19 real estate commitments in the past month.
Transactions | Jun 4, 2018 Hines to develop €1b Cherrywood Town Center in Dublin by Andrea Zander Dún Laoghaire-Rathdown County Council has approved plans for Hines’ development of a new 2.1 million-square-foot town center at Cherrywood, in South County Dublin, Ireland.
Investors | Jun 4, 2018 PSERS commits $250m to real estate funds by Jody Barhanovich The $56 billion Pennsylvania Public School Employees’ Retirement System has committed a total of $250 million to two real estate funds.
Investors | Jun 4, 2018 Goldman, Warburg in talks for $200m stake in WeWork India by Andrea Zander The Indian arm of co-working space giant WeWork is in talks with investors, including Goldman Sachs and Warburg Pincus, to raise up to $200 million in exchange for a stake in the company, which would put the local unit’s valuation near $1 billion.
Transactions | Jun 4, 2018 Vicinity Centres accelerates portfolio enhancement with up to A$1b of asset sales by Andrea Zander Australian retail property firm Vicinity Centres has plans for the sale of up to A$1 billion ($760 million) of subregional and neighborhood shopping centers, with sale proceeds to be reinvested into value-accretive development opportunities.
Canyon Partners acquires L.A multifamily property through JV real estate fund by Released Canyon Partners Real Estate, the real estate direct investing arm of Canyon Partners, has acquired The Harvey, a 177-unit, midrise apartment community with 1,900 square feet of ground-floor retail space located in Hollywood, Calif.
Transactions | Jun 4, 2018 M&G Real Estate completes second JV deal with West Yorkshire Pension Fund by Andrea Zander M&G Real Estate has acquired Selly Oak Retail Park, a major regeneration project in southwest Birmingham, England.
Transactions | Jun 4, 2018 AccorHotels acquires Mantra Group by Andrea Zander AccorHotels has completed its acquisition of the Mantra Group, bringing the Mantra, Peppers, BreakFree, and Art Series brands under the Accor brand.
Investors | Jun 4, 2018 Ballymore Group and Oxley Holdings to enter build-to-rent market by Andrea Zander U.K. developer Ballymore Group and Oxley Holdings are seeking an investment partner to work with the companies on their entrance to the build-to-rent market.
Investors | Jun 1, 2018 Century Bridge JV plans $204m China residential development by Jody Barhanovich Century Bridge and co-investor Deutsche Finance Group have invested $11.1 million in a real estate development for a middle-income, residential project in Xuzhou, China.
Research | Jun 1, 2018 Record volumes, accelerated growth for sustainable investments in Switzerland by Jody Barhanovich In 2017, the market for sustainable investments (SI) has continued to grow significantly in Switzerland.
Research | Jun 1, 2018 U.S. jobs increase 223,000 in May by Loretta Clodfelter In May, the United States added 223,000 jobs and the unemployment rate declined to 3.8 percent.
Investors | Jun 1, 2018 OCERS approves preliminary plan for real estate commitments, structure and ranges by Jody Barhanovich The $15.7 billion Orange County (Calif.) Employees Retirement System has approved a preliminary plan for real estate commitments, structure and ranges.
People | Jun 1, 2018 Industry Super Australia appoints Bernie Dean as new chief executive by Release Bernie Dean has been appointed chief executive of Industry Super Australia, commencing Sept. 1, 2018.
Research | Jun 1, 2018 PSERS earns 8.78% for fiscal year by Jody Barhanovich The Pennsylvania Public School Employees’ Retirement System has reported that the pension fund earned an 8.78 percent return for the one-year period ended March 31, 2018.
Transactions | Jun 1, 2018 Brookfield to pay $160m for Manhattan hotel by Jody Barhanovich Brookfield, through one of its private real estate funds, has plans to acquire Manhattan’s Hotel Indigo.
Fundraising | Jun 1, 2018 MCR closes $300m hospitality fund by Jody Barhanovich MCR, a U.S. hotel owner-operator, has held a $300 million final close for its hospitality fund.
Research | May 31, 2018 CMBS delinquency rate decreases 24 bps in May by Jody Barhanovich The overall Trepp CMBS Delinquency Rate hit its lowest level since the 2008 financial crisis in May.
