Investors | May 4, 2018 Vonovia to make $1b offer for Sweden’s Victoria Park by Andrea Zander Germany-based Vonovia has made a $1.08 billion cash offer for Swedish listed property company Victoria Park AB, outbidding Starwood Capital Group.
People | May 4, 2018 Cushman & Wakefield welcomes student housing capital markets team by Released Cushman & Wakefield has appointed student housing veteran Travis Prince, as well as Victoria Marks, to its Student Housing Capital Markets team.
Fundraising | May 4, 2018 Catella to manage Bouwfonds European Residential Fund by Andrea Zander Bouwfonds Investment Management has handed over the fund management of the Bouwfonds European Residential Fund (BERF) to Catella Real Estate AG.
Investors | May 4, 2018 Tennessee Consolidated commits $150m to real estate by Jody Barhanovich The $49 billion Tennessee Consolidated Retirement System has committed $50 million each to three real estate funds, according to JP Rachmaninoff, director of real estate for the pension fund.
Fundraising | May 4, 2018 Gaw Capital Partners holds $412m final close by Andrea Zander Gaw Capital Partners has held a final close for its third U.S. value-added real estate fund, Gaw Capital U.S. Fund III, bringing total commitments raised for this fund to its hard cap size of $412 million.
Transactions | May 4, 2018 Eight-property apartment portfolio in L.A. sells for $162m by Jody Barhanovich Sikand Properties has sold an eight-building apartment portfolio in Los Angeles County for $162 million to multiple buyers, according to news sources. The portfolio consists of 644 units.
People | May 4, 2018 QIC expands senior leadership team in U.S. and Australia by Released QIC has made several senior executive appointments reflecting the firm’s expanding presence, investment portfolio and client focus in the United States, a market of increasing importance for QIC and its clients.
Fundraising | May 3, 2018 TH Real Estate launches Global Real Estate Debt Partners – Fund II by Andrea Zander TH Real Estate has completed the first close of its £500 million ($680 million) Global Real Estate Debt Partners – Fund II, and commenced its investment program with a £44 million ($60 million) loan in the South East of England.
Investors | May 3, 2018 Garbe and Nixdorf form new property investment management company by Andrea Zander Garbe and Nixdorf form new property investment management company German firms Garbe and Nixdorf Holding have formed a new real estate investment management company, Garbe Institutional Capital (GAIN Capital).
Research | May 3, 2018 Net-lease rises to $57.8b in investment volume in 2017, led by foreign investors by Released Rising demand for U.S. net-lease real estate led to $57.8 billion in investment volume last year — the second-highest annual total since CBRE began tracking themarket in 2002.
Research | May 3, 2018 Europe’s commercial real estate investment slows at start of 2018 by Andrea Zander Investment in the European commercial real estate market slowed sharply in the first three months of 2018 following a record fourth quarter as investors reassessed pricing and prospects across markets, research by Real Capital Analytics (RCA) shows.
Transactions | May 3, 2018 Starwood Capital Group to sell an £830m portfolio of U.K. hotels by Andrea Zander Starwood Capital Group has agreed to sell a portfolio of 14 U.K. hotels that form part of The Principal Hotel Company to Foncière des Régions (through its subsidiary dedicated to hotel real estate, Foncière des Murs).
Fundraising | May 3, 2018 Angelo Gordon holds $843m final close for European realty fund by Jody Barhanovich Angelo Gordon, a $28 billion alternative investment firm focused on credit and real estate investing, has held a final close for its second European realty fund.
Fundraising | May 3, 2018 Amundi launches euro zone commercial real estate debt strategy by Jody Barhanovich Amundi, a European asset manager with more than €1.4 trillion ($1.67 trillion) in assets under management, has launched a real estate debt strategy offering exposure to euro zone senior real estate debt.
People | May 3, 2018 Harrison Street names Erin Nahumyk chief accounting officer by Released Harrison Street Real Estate Capital has named Erin Nahumyk as chief accounting officer.
Fundraising | May 2, 2018 Olympus Property launches eighth fund by Released Olympus Property has launched its eighth fund with the closing of three properties, adding 869 units to its multifamily portfolio in Chandler, Ariz.; Midland, Texas; and Odessa, Texas.
Investors | May 2, 2018 N.Y. State commits $150m to open-ended fund by Jody Barhanovich The $201.2 billion New York State Common Retirement Fund has committed $150 million to a fund managed by Mesa West Capital.
Research | May 2, 2018 CMBS delinquency rate decreases 19 bps in April by Jody Barhanovich The Trepp CMBS Delinquency Rate resumed its decline after a brief timeout in March. The overall delinquency rate for U.S. commercial real estate loans in CMBS is now 4.36 percent, a decrease of 19 basis points from the March level.
Fundraising | May 2, 2018 Folksam and Aberdeen Standard launch new €300m fund by Andrea Zander The Folksam Group, an insurance company in Sweden, and Aberdeen Standard Investments have launched and held a first close for its AIPP Folksam Europe II, a real estate fund of funds open only for investors from the Folksam Group.
People | May 2, 2018 Michael Brown named president of Steadfast Management Co. by Released Steadfast Cos. has appointed Michael Brown president of its multifamily management affiliate, Steadfast Management Co.
