News | Institutional Real Estate, Inc.

Transactions | May 10, 2021

J.P. Morgan Global Alternatives acquires €540m pan-European logistics portfolio

by Andrea Zander

A fund managed by J.P. Morgan Global Alternatives, the alternative investment arm of J.P. Morgan Asset Management, has acquired a €540 million ($647 million) portfolio of logistics assets.

People | May 10, 2021

Ryan Krauch joins senior management team of USAA Real Estate

by Andrea Zander

USAA Real Estate has announced that Ryan Krauch, most recently a principal with Morgan Stanley’s Mesa West Capital, is joining USAA Real Estate’s senior leadership team as executive managing director and member of the investment committee, effective immediately.

Research | May 7, 2021

Multifamily rents rose last month, indicating pandemic recovery

by Released

The multifamily market is rebounding from the pandemic at a rapid clip, and gateway markets are now seeing positive performance indicators for the first time in many months.

Research | May 7, 2021

Dodge Momentum Index hits 12-year high led by institutional planning

by Released

The Dodge Momentum Index posted an 8.6 percent gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March.

Investors | May 7, 2021

Texas TRS backs three real estate funds during April

by Kali Persall

The Teacher Retirement System (TRS) of Texas has disclosed three real estate investments.

Transactions | May 7, 2021

German pension fund buys eight-building residential development

by Released

Dutch-German investment manager Primevest Capital Partners has purchased an eight-building residential development in Peine, Germany, on behalf of a German pension fund.

Investors | May 7, 2021

LACERS commits $40m to GLP Capital Partners IV

by Kali Persall

The Los Angeles City Employees Retirement System (LACERS) has approved a $40 million commitment to a fund managed by GLP Capital Partners.

Fundraising | May 7, 2021

Ardstone Capital secures €450m for open-end residential fund in Ireland

by Kali Persall

Ardstone Capital, an independently owned property investment manager entirely focused on U.K. and other European real estate, has raised €450 million ($541 million) for its new core, open-end fund targeting the social and affordable residential sector in Dublin, Ireland.

Transactions | May 7, 2021

Craig International to develop $250m mixed-use project near Dallas

by Released

Craig International has plans to develop a $250 million mixed-use development in McKinney, Texas, and has broken ground on the project, known as District 121.

Research | May 7, 2021

April sees 266,000 new jobs, falls short of expectations

by Loretta Clodfelter

In April, total nonfarm payroll employment increased by 266,000.

Research | May 7, 2021

30 funds reach final close, raise $26.5b

by Denise DeChaine

During the first quarter 2021, the final closing of 30 real estate investment funds was recorded, representing an aggregate dollar volume of $26.5 billion.

Transactions | May 7, 2021

EG acquires office asset near Melbourne, Australia

by Released

EG has acquired 675 Victoria St., an office asset in Abbotsford, Australia, for A$27.3 million ($21.4 million) for the Yield Plus Infrastructure No. 2 Fund.

Research | May 7, 2021

Skilled nursing occupancy ticks upward

by Andrea Zander

Occupancy at U.S. skilled nursing facilities increased to 71.2 percent in February 2021 compared to 70.7 percent from the previous month.

Research | May 7, 2021

Is this a Goldilocks recovery? Consumers will decide

by Andrea Zander

Despite COVID-19 cases rising globally, Oxford Economics noted the upside risks to the firm’s already relatively optimistic baseline are material.

Transactions | May 7, 2021

Blackstone makes $1.68b offer for St. Modwen Properties

by Andrea Zander

Blackstone Group has made a £1.21 billion ($1.68 billion) buyout proposal for Birmingham, U.K.–based St. Modwen Properties.

Newsline

J.P. Morgan Global Alternatives acquires €540m pan-European logistics portfolio

Ryan Krauch joins senior management team of USAA Real Estate

Multifamily rents rose last month, indicating pandemic recovery

Dodge Momentum Index hits 12-year high led by institutional planning

Texas TRS backs three real estate funds during April

German pension fund buys eight-building residential development

LACERS commits $40m to GLP Capital Partners IV

Ardstone Capital secures €450m for open-end residential fund in Ireland

Craig International to develop $250m mixed-use project near Dallas

April sees 266,000 new jobs, falls short of expectations

30 funds reach final close, raise $26.5b

EG acquires office asset near Melbourne, Australia

Skilled nursing occupancy ticks upward

Is this a Goldilocks recovery? Consumers will decide

Blackstone makes $1.68b offer for St. Modwen Properties

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