Investors | Jun 2, 2023 Ohio Public Employees Retirement System bumps up real estate allocation by Kali Persall The Ohio Public Employees Retirement System (OPERS) has voted to increase its real estate allocation from 10 percent to 12 percent.
Transactions | Jun 1, 2023 Century Properties to acquire Mitsubishi’s stake in PHirst Park Homes, Tanza Properties by Kali Persall Century Properties Group (CPG) has announced it will acquire Mitsubishi Corp.’s 40 percent stake in PHirst Park Homes and Tanza Properties, giving the real estate developer full ownership of the business unit. CPG’s board has approved the transaction.
Fundraising | Jun 1, 2023 Hillpointe Workforce Housing Partnership IV closes at $510m hard cap by Kali Persall Hillpointe, a real estate development and investment firm focused on the development of market-rate workforce housing in the Sun Belt region of the United States, has closed its Hillpointe Workforce Housing Partnership IV at its hard cap of $510 million.
People | Jun 1, 2023 Loh Hwee Long to become new CEO of Keppel DC REIT Management in July by Kali Persall Keppel DC REIT Management has announced the appointment of Loh Hwee Long as CEO, effective July 28.
Transactions | Jun 1, 2023 IREIT Global to take ownership of 17 French retail properties by Kali Persall Singapore-based IREIT Global, a Europe-focused REIT managed by IREIT Global Group, has agreed to acquire 17 retail properties located across France for €76.8 million ($83 million).
Investors | Jun 1, 2023 Border to Coast appoints abrdn to manage its U.K. real estate proposition by Released Border to Coast Pensions Partnership has appointed abrdn to support the launch and portfolio management of its U.K. real estate proposition.
Transactions | Jun 1, 2023 Argosy Real Estate Partners acquires opportunity zone site for Hampton by Hilton hotel in Maui by Kali Persall Argosy Real Estate Partners, in partnership with Peachtree Group and Blackridge Group, has acquired a 5-acre opportunity zone site for the development of a 136-room, premium-branded select-service Hampton by Hilton hotel on the island of Maui.
Transactions | Jun 1, 2023 Real I.S. acquires modern logistics complex in Germany by Kali Persall A fund managed by Real I.S. has acquired the German modern logistics complex Emmerich II from FIEGE R.E.D. Financial terms were not disclosed.
Transactions | Jun 1, 2023 CI sells stake in wealth management business to diversified roster of institutional investors by Kali Persall CI Financial Corp., a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia, has sold a 20 percent stake in its U.S. wealth management business to a diversified group of institutional investors for C$1.34 billion ($1 billion).
Research | Jun 1, 2023 Asia Pacific’s CBDs must be reinvented to stay relevant by Jennifer Molloy Even with return-to-office rates above 70 percent — higher than much of Europe and the United States — Asia Pacific’s central business districts must reinvent themselves to stay relevant post-pandemic.
People | Jun 1, 2023 Alecta selects Peder Hasslev as its new leader by Kali Persall Alecta, Sweden's largest pension fund provider, has located a new CEO to succeed former leader Magnus Billing, who stepped down from his role in April after Alecta suffered large losses as a result of three U.S. bank crashes.
Investors | Jun 1, 2023 SPONSORED: Kayne Capital — How to underwrite in today’s market given the outlook for real estate debt by Jennifer Babcock Dislocation in the public debt markets and lower but still relatively active loan origination are keeping real estate debt fund investors interested in the real estate debt opportunities now and looking forward during the next 12 months, according to Andrew Smith, senior managing director, head of real estate debt, with Kayne Anderson Real Estate.
Investors | Jun 1, 2023 Commercial real estate investors weigh their options by Denise Moose The current environment offers many strategies for real estate investment. But with a wide array of available options, investors need to consider the desirability of different real estate strategies, such as core versus value-added or debt versus equity.
Investors | Jun 1, 2023 SPONSORED: LaSalle — Real estate debt can be a steady craft for navigating a choppy market by Jennifer Babcock Real estate debt gives a return boost to fixed-income investors, while offering a less risky option for real estate investors, both of which options are proving to be solid strategies in today’s uncertain capital market environment.
Investors | Jun 1, 2023 Real estate portfolio managers discuss how they navigate challenges by Loretta Clodfelter As real estate markets face a potential global downturn, the role of portfolio manager becomes even more critical in navigating troubled waters.
Research | Jun 1, 2023 Cushman & Wakefield conducts survey on German healthcare property market by Kali Persall Institutional investors expect purchase prices in the German healthcare property market to fall in the short term and rents to rise in the short to medium term, according to the Investor Survey Healthcare Real Estate 2023 by Cushman & Wakefield.
Investors | Jun 1, 2023 SPONSORED: Greystar — The rental housing sector in a capital markets context by Jennifer Babcock Despite overall market turbulence, the U.S. housing market is undersupplied in many markets, especially in high-growth markets and in certain segments, such as student housing.
Investors | Jun 1, 2023 SPONSORED: UBS Asset Management — Supply-demand imbalance makes life sciences sector ripe for investment by Jennifer Babcock Beyond capital, life sciences companies need real estate space, customized to very specific tenant requirements. That’s where institutional capital can help to bring supply to meet demand, as European life sciences markets begin to catch up to more mature U.S. markets.
Research | Jun 1, 2023 Green means go by Bennett Voyles Think back to Europe, BCE — before the COVID era. On any given day, the average office was 70 percent full. Four years later, only 55 percent of those desks are occupied, according to research by Savills.
Investors | Jun 1, 2023 India’s life sciences sector by Ashish Singh The life sciences real estate sector stands out as a unique potential opportunity among alternative property types. It offers attractive — and resilient — risk-adjusted returns in an environment where there is deep demand but a deficiency of good-quality supply.
