Newsline

Vita Group has sold three regional purpose-build student accommodation properties for approximately £300 million.

Global gateway cities may have fallen out of favor recently, but the long-term trends and fundamentals for such markets indicate there may be significant opportunities in the years to come.

Stephen Spook has retired as the senior investment officer for real estate at the Florida State Board of Administration (Florida SBA).

The San Mateo County (Calif.) Employees’ Retirement Association (SanCERA) has committed $30 million to Cerberus Institutional Real Estate Partners VI (CIREP VI).

Related Argent has agreed a £243 million (€280 million/$296 million) loan with ICG Real Estate for the delivery of a landmark build-to-rent (BTR) scheme in Tottenham Hale, London.

Columbia Threadneedle Real Estate has received grant of planning for the delivery of BOX:STN.

Moorfield Group has launched MREIT.

AEW Europe has appointed Jonathan Stevens to the newly created role of head of private debt.

KKR has completed the sale of more than 5 million square-feet of industrial warehouse and distribution properties for a total aggregate value of more than $560 million.

Over the last year and a half, we have seen base rates rise 100-fold to levels not seen in 15 years.

The Swig Company has named Connor Kidd as CEO.

Investors are seeking commercial real estate debt to fill a bigger portion of their portfolios, and they want those investments to have a positive environmental and social impact.

An upcoming tax season and audit can cause some anxiety in fund managers, especially if accounting is not their specific training and skill set.

The market environment may not feel good, but that does not mean good opportunities cannot be found, perhaps especially in demographically driven sectors such as healthcare and senior living, and in transactions that lean more toward real estate debt than equity.

The housing shortage and a strong renter base that spans multiple generations make demand likely to remain strong in the rental housing sector for the for the rest of the year and beyond.

Alternative lenders are stepping in to fill the gap left by the retreat of traditional lenders in today’s more volatile market, and a sector ripe for private real estate debt is multifamily residential, due to its historically high occupancy during market downturns.

Michelle Creed and Jamie Sunday, partners and co-heads of real estate secondaries with Ares Management Corp., expect 2023 to be a record year for secondary market volume, exceeding last year’s $12.4 billion of volume.

The bifurcation in the market is not necessarily a sharply defined line drawn between newer class A versus older class B and class C buildings but rather a performance gap between modern versus commodity buildings.

Since the pandemic hit at the start of this decade, the property picture globally has become more uncertain and less consistent. Economies around the world have oscillated and diverged, making a strong case for U.S. property investors to diversify abroad.

Asia’s growing imbalance in demand and supply for secondaries liquidity presents an exceptional opportunity for secondaries investors with strong on-the-ground coverage, dedicated capital and local expertise to benefit from.