Investors | Oct 27, 2023 NYSTRS commits $250m towards real estate funds by Lewis Dayton The New York State Teachers’ Retirement System (NYSTRS) has committed $150 million to a Raith Real Estate Debt Separate Account Upsize, $50 million to Penwood Select Industrial Partners (PSIP) VII, and $50 million to Pennybacker VI.
People | Oct 27, 2023 Illinois Police hires Dean Hagan as investment officer by Lewis Dayton The Illinois Police Officers’ Pension Investment Fund (IPOPIF) announced that Dean Hagan has joined the fund as an investment officer.
Investors | Oct 27, 2023 U.S. real GDP sees 4.9% increase in quarter; momentum which will likely fade by Lewis Dayton Real gross domestic product in the United States increased at an annual rate of 4.9 percent in the third quarter, according to the “advance” estimate released by the Bureau of Economic Analysis.
Research | Oct 27, 2023 Growth and diversity in the living sector: Significant opportunities for real estate investors by Andrea Zander Over the course of the past two decades, the institutionally owned residential sector in the United States and Europe has evolved from a focus on traditional apartments.
Transactions | Oct 27, 2023 Infinaxis Data Center Platform breaks ground on facility in Malaysia by Kali Persall Infinaxis Data Centre Platform has broken ground on its first data center project, located in the tech hub of Cyberjaya, Malaysia.
Research | Oct 27, 2023 Asia Pacific EV public chargers will reach 10m by 2030: CBRE by Released Asia Pacific electric vehicle (EV) sales have seen exponential growth in the past two years, accounting for nearly two-thirds of global auto sales.
Investors | Oct 27, 2023 Euro Asia partners with ZDR Investments Group for European grocery retail parks JV by Andrea Zander Singapore-based fund manager Euro Asia Asset Management (Euro Asia) has plans to partner with European ZDR Investments Group to seek investment opportunities in grocery retail parks in the Central and Eastern Europe (CEE) region.
People | Oct 26, 2023 American Tower names new CEO by Released American Tower Corp. has announced Tom Bartlett will retire from his positions as president, CEO and director of the board of directors in February 2024.
Investors | Oct 26, 2023 3650 REIT announces $100m capital commitment from Korea’s POBA by Andrea Zander 3650 REIT has received a $100 million commitment from Public Officials Benefit Association.
Investors | Oct 26, 2023 Bain Capital, Smith Hill Capital launch $1b hospitality private lending platform by Released Bain Capital Special Situations and Smith Hill Capital, an affiliate of Procaccianti Cos., have formed a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector.
People | Oct 26, 2023 Kendall Thomas Sr., former Austin Police board member, passes away by Andrea Zander Kendall Thomas Sr. a prominent public employee retirement sector figure, died on Oct. 11, 2023.
People | Oct 26, 2023 Samuel Walser named head of capital raising, investor relations BGO Europe by Andrea Zander Samuel Walser has been named new head of capital raising and investor relations at Europe with BentallGreenOak (BGO).
Investors | Oct 26, 2023 New Mexico SIC amends Meketa contract to include real estate debt investments by Lewis Dayton The New Mexico State Investment Council approved an amendment of its contract with Meketa to expand coverage to include real estate debt investments and to reflect increased commitment requirements during its meeting on Oct. 24.
Investors | Oct 26, 2023 Blackstone sees 11% gross return for infrastructure in third quarter by Lewis Dayton Blackstone’s infrastructure investments generated a gross return of 11 percent during the third quarter, according to the firm’s latest quarterly earnings report.
Research | Oct 26, 2023 Asia Pacific hotel investments forecast to reach $10b in 2023 by Andrea Zander Hotel investments in Asia Pacific will cool to $10.1 billion for 2023 due to a variety of external factors, representing a year-on-year decline of 14 percent, forecasts JLL.
Research | Oct 26, 2023 MSCI Real Assets: No sector or market in Europe escapes slowdown for CRE investment by end Q3 by Released European commercial real estate (CRE) registered the seventh consecutive quarter of falling investment in July through September.
Research | Oct 26, 2023 Savills Investment Management adds more than 260 homes in Madrid by Released Savills Investment Management has added more than 260 build-to-rent (BTR) and build-to-sell (BTS) units in a prime area of Madrid to its portfolio of assets under management.
People | Oct 26, 2023 Rudin announces leadership succession plan by Released Rudin has announced its succession plan for 2024.
Transactions | Oct 25, 2023 Fidelity buys London office for climate fund by Andrea Zander Fidelity International has bought 99 Queen Victoria Street, EC4, from WeWork’s property arm for a new climate impact fund.
Transactions | Oct 25, 2023 Invesco Real Estate sells Majestar in Seoul for $385m by Andrea Zander Invesco Real Estate has sold Majestar City Tower B, a Seoul office property located in the Gangnam Business District — known as one of Seoul’s major business districts and one of the best-performing office markets in the city — to a REIT vehicle managed by Koramco for KRW 520 billion ($385 million).
