Transactions | Sep 11, 2018 Blackstone agrees to $500m NYC apartment deal by Andrea Zander Blackstone has agreed to buy an apartment complex in the New York City borough of Queens for about $500 million.
Fundraising | Sep 11, 2018 Dermody Properties holds $619m final close by Andrea Zander Dermody Properties, a private equity real estate investment, development and operating company focused exclusively on the logistics property sector, has announced the closing of its second commingled fund.
Transactions | Sep 11, 2018 JLL Spark invests in real estate transaction software pioneer Dealpath by Released JLL Spark, a division of JLL, has announced that its JLL Spark Global Venture Fund has invested in Dealpath, the leading global provider of cloud-based technology for evaluating and managing real estate transactions.
Fundraising | Sep 11, 2018 Carlyle holds $5.5b final close for largest U.S. real estate fund by Jody Barhanovich Global alternative asset manager The Carlyle Group has held a final close for its eighth U.S. real estate fund.
People | Sep 11, 2018 Principal Global Investors announces enhancements to U.S. and global institutional client business by Released Principal Global Investors has announced changes to its institutional client team and global consultant relationship model.
Transactions | Sep 11, 2018 German group acquires Frankfurt tower for €275m by Andrea Zander A joint venture between Germany’s DIC and U.S.-based M&A giant KKR to acquire the Garden Tower in Frankfurt.
Fundraising | Sep 11, 2018 GLP, GIC launch $2b China fund by Jody Barhanovich GLP, a global provider of modern logistics facilities and technology-led solutions, is partnering with GIC, Singapore’s sovereign wealth fund, to establish a new fund in China.
Research | Sep 11, 2018 Commercial real estate markets remain strong in Europe, reports BNP Paribas Real Estate by Andrea Zander The strong global growth rates of late 2017 slowed slightly in early 2018, reflecting tighter monetary conditions and emerging capacity constraints, according to BNP Paribas Real Estate.
Fundraising | Sep 11, 2018 PATRIZIA holds €182m first close for fifth multi-managers fund by Jody Barhanovich PATRIZIA Immobilien AG has held a €182 million ($211 million) first close of its fifth Multi Managers fund.
Research | Sep 11, 2018 Record-setting U.S. multifamily rent growth continues in August by Jody Barhanovich U.S. multifamily rents in August maintained the year’s torrid pace, adding $2 to July’s record high, according to a survey of 127 markets by Yardi Matrix.
Investors | Sep 11, 2018 Texas ERS commits $165m to two real estate funds by Jody Barhanovich The $28.5 billion Employees Retirement System of Texas has committed $165 million to two real estate funds.
Research | Sep 11, 2018 European real estate sector achieves 5.6% reduction in greenhouse gas emissions in 2018 by Andrea Zander In 2018, GRESB scored and benchmarked the environmental, social and governance (ESG) performance of 432 European real estate funds and companies on behalf of 75 institutional investors. The data covers 78 percent of the listed real estate market in the region by market cap.
Transactions | Sep 10, 2018 Highland Capital plans to acquire $300m single-family rental home portfolio by Andrea Zander Highland Capital Management is under contract to buy a portfolio of single-family rental homes from Magnetar Capital.
People | Sep 10, 2018 M&G Real Estate announces further European expansion with new appointments in Italy and Spain by Released M&G Real Estate has announced its first appointment in Italy and its second in Spain in a further step to drive ongoing expansion in Europe.
People | Sep 10, 2018 NAREIM appoints Zoe Hughes as CEO by Released The National Association of Real Estate Investment Managers (NAREIM) has appointed Zoe Hughes as CEO.
Investors | Sep 10, 2018 Illinois Municipal commits to two open-end real estate funds by Jody Barhanovich The $41.3 billion Illinois Municipal Retirement Fund has committed to two real estate funds, according to investment news on the pension fund’s website.
Transactions | Sep 10, 2018 CBRE Global, Madison International acquire Spanish residential portfolio for €870m by Andrea Zander CBRE Global Investment Partners (CBRE GIP) and Madison International Realty have acquired 6,458-unit portfolio of Spanish residential properties valued at €870 million ($1.01 billion).
Research | Sep 10, 2018 Investors’ interest in secondary and tertiary apartment markets increases by Jody Barhanovich Due to limited inventory in primary markets and growing demand for rentals in smaller markets, capital has moved to tertiary markets for elevated yields, according to Marcus & Millichap’s Midyear 2018 Apartment Outlook report
People | Sep 10, 2018 Julie Butticarlo joins Westmount Realty Capital as director – asset management by Released Westmount Realty Capital, a commercial real estate development and investment management company, has announced that Julie Butticarlo has joined the company as director – asset management.
Fundraising | Sep 10, 2018 Centurion Corp. to increase U.K. PBSA investments by Andrea Zander Singapore-based Centurion Corp. has plans to increase its U.K. purpose-built student accommodation (PBSA) portfolio with the launch of a second student accommodation private fund.
