Fundraising | May 15, 2018 GreenOak U.S. fund holds $1.55b final close by Jody Barhanovich GreenOak Real Estate has held a $1.55 billion final close for GreenOak U.S. III, surpassing its $1 billion target.
Transactions | May 15, 2018 $1.5b mixed-use project to be developed in Miami by Andrea Zander Construction on the $1.5 billion, urban-styled Metropica complex in the Ft. Lauderdale suburb of Sunrise, Fla., is under way, according to Miami Curbed.
Transactions | May 15, 2018 CatchMark partnership buys East Texas timberlands for $1.39b by Jody Barhanovich CatchMark Timber Trust, Inc., has agreed to acquire 1.1 million acres of East Texas timberlands for approximately $1.39 billion.
Transactions | May 15, 2018 H&R REIT to sell $633m U.S. retail portfolio by Andrea Zander H&R Real Estate Investment Trust has entered into an agreement to sell 63 retail properties in the United States for $633 million.
Transactions | May 15, 2018 Okan Group plans $300m development in downtown Miami by Jody Barhanovich Okan Group, a Turkish developer, has plans to build a 70-story, mixed-use project in downtown Miami, according to news sources.
People | May 15, 2018 Jason Hernandez joins TH Real Estate by Released TH Real Estate has appointed Jason Hernandez as managing director, head of originations for the Americas, effective May 21.
Fundraising | May 15, 2018 BMO REP launches €500m European high street fund by Andrea Zander BMO Real Estate Partners (BMO REP) has launched the second fund in its Best Value Europe series.
People | May 15, 2018 RREEF Property Trust appoints Julianna Ingersoll as president and CEO by Released RREEF Property Trust, a publicly registered, daily NAV REIT managed by DWS Group GmbH & Co. KGaA, has appointed Julianna Ingersoll as its new president and CEO.
Transactions | May 14, 2018 Starwood, TDR Capital, Lone Star among bidders for global office service firm IWG by Andrea Zander London-listed IWG has confirmed that it received an approach from Lone Star Europe Acquisitions and two separate indicative proposals from Starwood Capital European Operations and TDR Capital regarding a possible cash offer for all of its shares.
Fundraising | May 14, 2018 Heartland Capital launches real estate fund by Released Scottsdale, Ariz.–based Heartland Capital Partners has launched a $25 million private equity commercial real estate fund.
Fundraising | May 14, 2018 Pathfinder Partners launches new multifamily and residential fund by Jody Barhanovich Pathfinder Partners has launched a new multifamily and residential real estate fund.
People | May 14, 2018 CalPERS’ CIO Ted Eliopoulos to leave by Jody Barhanovich The $355 billion California Public Employees’ Retirement System has reported that Ted Eliopoulos, CalPERS’ chief investment officer, is leaving the pension fund in order to relocate to the East Coast to be closer to family.
Transactions | May 14, 2018 BNY Mellon and Texas Treasury Safekeeping Trust Co. to exchange ownership stakes by Released BNY Mellon Investment Management has plans to exchange its majority equity interest in Amherst Capital Management, an investment manager specializing in U.S. real estate, for a minority equity stake in Amherst Holdings.
Fundraising | May 14, 2018 Arlington launches £400m student accommodation fund by Andrea Zander Arlington Advisors Limited, a U.K.-based fund manager, has launched a £400 million ($543 million) fund, the Arlington Student Accommodation Fund.
Fundraising | May 14, 2018 Gaw to launch $1b fund with Country Garden Unit by Andrea Zander Gaw Capital has teamed up with Shenzhen Paladin Asset Management, the investment arm of Chinese property developer Country Garden Group, to jointly launch a $1 billion special situations fund.
Investors | May 14, 2018 Cromwell signs €500m logistics partnership with Linkcity by Andrea Zander Cromwell Property Group has entered into a strategic partnership with Linkcity, member of Bouygues Construction, a global construction company, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe.
Investors | May 14, 2018 DivcoWest and CalSTRS form $300m venture by Andrea Zander DivcoWest Real Estate Services has entered into a new $300 million venture with the California State Teachers’ Retirement System.Â
Investors | May 14, 2018 GIC and NOVA to establish rental apartment platform in China by Released GIC, Singapore’s sovereign wealth fund, will be partnering with NOVA.
Research | May 14, 2018 Record period underlines strength of U.K. logistics sector by Andrea Zander Demand for U.K. logistics space continues to be resilient with the first quarter of 2018 being the strongest for the past three years, according to research from Cushman & Wakefield.
Fundraising | May 14, 2018 Northern Horizon’s latest care home fund holds €300m final close by Jody Barhanovich Northern Horizon’s third institutional healthcare real estate fund, the Nordic Aged Care Fund, held a €300 million ($359 million) final close, oversubscribing its target.
