Transactions | Mar 11, 2024 ESR to divest ARA Private Funds for $270m, delivering on substantial noncore divestment pipeline to double down on New Economy leadership by Andrea Zander ESR Group has entered into share purchase agreements to divest its ARA Private Funds (APF) business in Australia, Singapore, South Korea and the United States to entities which include an affiliate of Sumitomo Mitsui Finance and Leasing for an agreed enterprise value of $270 million.
Transactions | Mar 11, 2024 Starwood Capital Group to combine business with Jaws Mustang by Released Investment entities affiliated with Starwood Capital Group that own interests in a portfolio of hotels comprising the 1 Hotels properties in Manhattan and Brooklyn and the De Vere Portfolio in the United Kingdom have signed a non-binding letter of intent (LOI) for a potential business combination with Jaws Mustang Acquisition, a special-purpose acquisition company.
Investors | Mar 11, 2024 Keppel partners with Mitsui Fudosan to jointly explore data center opportunities in Japan and Southeast Asia by Released Keppel Ltd. has signed a memorandum of understanding (MOU) with Mitsui Fudosan Co. Ltd. to jointly explore data center development and investment opportunities in Japan and Southeast Asia.
Transactions | Mar 11, 2024 Ontario Teachers’ Pension Plan, Boreal IM JV purchases German logistics portfolio by Released A logistics joint venture between Ontario Teachers’ Pension Plan and Boreal IM has completed two investments in Germany totaling 64,000 square meters (689,000 square feet).
Investors | Mar 11, 2024 Madison International Realty, StoneVest launch €150 million JV to pursue light industrial investments in the DACH region by Andrea Zander StoneVest AG and an entity managed by Madison International Realty have launched a joint venture for the acquisition of light industrial and logistics properties.
PCCP, Alliance Residential Co. acquires 251-unit community in Santa Clara, Calif., for $125m by Denise Moose PCCP and Alliance Residential Company announced they have acquired Prado Apartments, a 251-unit, transit-oriented multifamily community in Santa Clara, Calif., for $125 million.
Research | Mar 11, 2024 U.S. economy adds 275,000 jobs in February by Lewis Dayton The total nonfarm payroll employment in the United States increased by 275,000 in December, surpassing most estimates, while the unemployment rate rose from 3.7 percent in January to 3.9 percent in February.
Investors | Mar 11, 2024 North Carolina Retirement makes $327m of real estate commitments by Lewis Dayton The North Carolina Retirement System has invested $200 million in Northpond Retail Partners, a separate account, and $127.3 million in NorthRock Core.
Transactions | Mar 11, 2024 AXA IM Alts secures €563m development loan for landmark net-zero London office scheme, 50 Fenchurch Street by Released AXA IM Alts has secured a £480 million (€tk million/$tk million) construction loan from Cale Street to fund the development of its 650,000 square feet next generation office building at 50 Fenchurch Street.
Investors | Mar 8, 2024 StorHub Group expands into Australia backed by $300m equity commitment by Lewis Dayton StorHub Group has announced its expansion into the Australian market with the launch of StorHub Australia, backed by a $300 million equity commitment.
Transactions | Mar 8, 2024 CIM Group sells 215-unit District at SoCo apartment community in Austin by Released CIM Group announced the sale of District at SoCo, a 215-unit apartment community with 328-space parking garage in Austin, which it acquired in 2013.
Transactions | Mar 8, 2024 Hines launches student accommodation platform in France, buys development in UK by Andrea Zander Hines has a launched student accommodation platform in France, making two major investments to create 1,300 new beds as part of strategy to deliver 4,000 over five years.
Investors | Mar 8, 2024 Former TPG executive launches GREYKITE, secures cornerstone investment from Capital Constellation, Leucadia Asset Management by Released Michael Abel, previously an equity partner at TPG, has launched GREYKITE.
People | Mar 8, 2024 Real I.S. appoints new CEO by Released Christine Bernhofer has been appointed CEO of Real I.S. AG.
Investors | Mar 8, 2024 Italy’s sovereign wealth fund joins Coima’s flagship impact fund with investment in 2026 Winter Olympics Legacy by Released COIMA SGR has secured €50 million ($55 million) from CDP Real Asset for the transformation of the 2026 Olympic Village into Italy’s largest purpose-built student accommodation development.
People | Mar 8, 2024 Her journey series: Christine Elmore, partner at TA Realty by Andrea Zander Christine Elmore, partner at TA Realty, recently participated in a special feature highlighting accomplished women in the real estate sector for the Institutional Real Estate Americas publication.
Investors | Mar 8, 2024 Vinci Partners, Compass announce business combination for Latin America by Released Vinci Partners Investments has entered into an agreement for a combination with Compass.
Investors | Mar 8, 2024 Ohio Police & Fire commits $150m to two real estate funds by Lewis Dayton The Ohio Police & Fire Pension Fund (OP&F) committed $75 million to AEW Partners Real Estate Fund X (AEW X) and $75 million to Oaktree Real Estate Opportunities Fund IX (OREOF IX).
Investors | Mar 8, 2024 Texas Teachers commits $200m to Davis Companies real estate funds by Lewis Dayton The Teacher Retirement System of Texas (TRS of Texas) has committed $100 million to Davis Investment Ventures Fund V (DIVF V) and $100 million to a Davis Investment Ventures Fund VI Co-Invest Sidecar vehicle.
Investors | Mar 7, 2024 Patron Capital, Base Investments launch €250m Dutch light industrial platform by Andrea Zander Patron Capital, the pan-European institutional investor focused on property-backed investments, and Base Investments, the Dutch asset manager, have launched UrbanLinx, a platform to invest in sustainable light industrial assets in the Netherlands.
