Investors | May 22, 2023 Four Australian super funds invest in Nuveen’s open-ended U.S. Cities Workplace Fund by Kali Persall Australian super funds — Cbus, Hostplus, TWU Super and a fourth not identified — have collectively invested $190 million into Nuveen’s open-ended U.S. Cities Workplace Fund.
Transactions | May 22, 2023 AEW acquires prime retail asset on the rue d'Antibes in Cannes, France by Kali Persall AEW, one of the world’s leading real estate investment and asset managers, has acquired a prime retail asset in the center of Cannes, France.
Investors | May 22, 2023 Trammell Crow Company debuts first logistics development in Europe by Kali Persall Trammell Crow Company (TCC) has completed its first logistics project in Europe.
Investors | May 22, 2023 BlackRock announces creation of Spanish real estate team by Kali Persall BlackRock has expanded its European real estate platform with the creation of a new Spanish real estate team based in Madrid.
Investors | May 22, 2023 Chicago Municipal Employees' Annuity & Benefit Fund rehires Marquette Associates as investment consultant by Kali Persall The $3.8 billion Chicago Municipal Employees' Annuity & Benefit Fund has retained Marquette Associates as its investment consultant, according to a recent board meeting document.
Research | May 22, 2023 Senior housing occupancy levels rise in April by Kali Persall The senior housing all-occupancy rate increased to 83.5 percent in the April reporting period, up 0.3 percentage points (pps) from March and up 5.7 pps from the 77.8 percent low recorded in June 2021.
People | May 22, 2023 PAREF renews Antoine Castro’s term as chairman, CEO by Kali Persall PAREF, a European player in real estate management with €3 billion ($3.2 billion) of assets under management, has renewed Antoine Castro’s term of office as chairman and CEO for six years.
People | May 22, 2023 Hines shores up Japan team with three appointments by Kali Persall Hines has bolstered its Japan team with three leadership appointments.
Investors | May 22, 2023 Ryman Hospitality Properties extends revolving credit facility by Kali Persall Ryman Hospitality Properties has completed a series of refinancing transactions that extends maturities of the $700 million revolving credit facility and $500 million term loan B.
Transactions | May 19, 2023 Brookfield India REIT, GIC forge first-of-its-kind partnership in India by Kali Persall Brookfield India REIT (BIRET) and GIC have plans to acquire 6.5 million square feet of commercial assets from Brookfield Asset Management’s private real estate funds in an equal partnership.
Research | May 19, 2023 DWS identifies 7 optimal locations for best-in-class office refurbishment in Europe by Kali Persall According to DWS’ latest report, The transformation of European offices, climate change, decarbonization and ESG considerations are increasingly at the forefront of both occupier and investor decisions and are increasingly driving demand for highly sustainable office buildings.
Transactions | May 19, 2023 Regency Centers, Urstadt Biddle agree to $16b merger by Kali Persall Regency Centers and Urstadt Biddle Properties have entered into a definitive merger agreement by which Regency will acquire Urstadt Biddle in an all-stock transaction valued at about $1.4 billion.
Research | May 19, 2023 Rising insurance premiums could affect apartment valuations by Loretta Clodfelter Property insurance premiums are on the rise, driven up by the cost of weather-related events and other natural disasters, and that could have a significant impact on multifamily valuations.
Research | May 19, 2023 M&A activity in April led by REIT merger by Loretta Clodfelter Merger activity in April was led by the commercial real estate sector, according to S&P Global Market Intelligence’s M&A Deal Tracker. The biggest deal announced in April was the acquisition of Life Storage by Extra Space Storage for $16.01 billion.
Investors | May 19, 2023 Innovo Property Group, Affinius close $334m recapitalization of premium urban industrial facility by Kali Persall Innovo Property Group (IPG) and Affinius Capital have closed a $334 million recapitalization of a premium urban industrial facility in the Bronx, New York.
Fundraising | May 19, 2023 Calamos Investments, Asia launch alternative credit and income fund by Kali Persall Calamos Investments has teamed up with Aksia, a specialist research and portfolio advisory firm providing alternative investment solutions for institutional investors, to launch Calamos Aksia Alternative Credit and Income Fund (CAPIX).
Transactions | May 19, 2023 Amro Partners forms coliving JV with NTT UD Europe by Kali Persall Amro Partners, a residential living specialist, and NTT UD Europe, a subsidiary of a Japanese real estate developer NTT Urban Development, have formed a joint venture partnership to fund the development of The Rex coliving project in London.
People | May 19, 2023 Lightstone brings on Robert Munson as senior vice president of industrial by Kali Persall Lightstone, one of the leading and most diversified privately held real estate companies in the United States, has hired Robert Munson as senior vice president of industrial asset management.
People | May 19, 2023 PGIM Real Estate promotes Jamie Shen to head of agriculture by Kali Persall PGIM Real Estate has promoted Jamie Shen, the current CIO and leader of PGIM real estate’s agriculture equity business, to head of agriculture.
Research | May 19, 2023 Asia Pacific investment volumes down 30% in Q1 2023 by Jennifer Molloy Real estate investment volumes in Asia Pacific contracted 30 percent year-on-year, to $27 billion, in first quarter 2023 on the heels of interest-rate hikes and as repricing efforts continued to weigh on global direct investment, according to JLL’s Asia Pacific Capital Tracker 1Q23.
