People | May 10, 2023 BentallGreenOak hires Ryan Severino as chief economist, head of research by Released BentallGreenOak (BGO), a global real estate investment management adviser and a globally recognized provider of real estate services, has appointed Ryan Severino to the newly created role of chief economist and head of research for the firm’s U.S. business.
Research | May 10, 2023 Industrial outdoor storage grows in popularity among institutional investors by Kali Persall Investor demand for industrial outdoor storage (IOS) has been buoyed by strong recent operating results, favorable long-term supply/demand dynamics and a de minimis capex burden, causing it to grow in popularity among institutions in recent years.
Investors | May 9, 2023 Qualitas announces $661m credit mandate with global institutional investor by Released Qualitas has entered into a mandate with a global institutional investor that provides for up to A$1 billion ($661 million) to be invested into Australian commercial real estate private credit opportunities.
People | May 9, 2023 NZ Super Fund CEO to step down by end of year by Kali Persall Matt Whineray, CEO of the A$60 billion ($40 billion) NZ Super Fund, has announced plans to resign by the end of the year.
Investors | May 9, 2023 Marriott to debut Moxy Hotels brand in Budapest by Kali Persall Marriott International, through an agreement with developer Forestay Group, is planning to debut its Moxy Hotels brand in Budapest.
Transactions | May 9, 2023 HIH Invest sells vintage mixed-use property in Germany by Kali Persall HIH Invest Real Estate has sold a vintage mixed-use office and retail building from the portfolio of a closed-end institutional fund. wohninvest Holding acquired the property for an undisclosed amount.
Transactions | May 9, 2023 Peakside expands logistics portfolio in Germany by Kali Persall Peakside Capital Advisors has acquired an 85,000-square-meter (914,932-square-foot) logistics site with an existing property as well as development land in Burgbernheim, located in the Nuremberg metropolitan area in Germany, from a private seller.
Fundraising | May 9, 2023 Related Cos. locks in $195m for affordable housing fund by Kali Persall RFM Affordable Housing Fund, managed by Related Companies., has raised $195.5 million toward its target of $400 million, according to a May 8 filing with the SEC.
Transactions | May 9, 2023 DIF Capital Partners acquires U.K. PBSA portfolio by Kali Persall DIF Capital Partners has acquired Ottoway Portfolio, which owns and operates a portfolio of eight purpose-built student accommodation (PBSA) assets in key U.K. cities, from a fund advised by Arlington Advisors and Campus Living Villages.
Investors | May 9, 2023 STRATEGIS establishes residential portfolio for a German family office by Released STRATEGIS AG, a company specializing in single-asset and global sales, transaction advisory and property management, is setting up a residential property portfolio for a German family office.
People | May 9, 2023 Former Heitman executive vice president joins Tishman Speyer by Released Anne Westbrook has joined Tishman Speyer’s equity capital markets team as a managing director, leading the firm’s client relationships and capital raising across the United States.
Fundraising | May 9, 2023 Invesco Real Estate U.S. Fund VI achieves $1.98b final close by Kali Persall Invesco Real Estate has achieved a final closing for the latest fund in its U.S. closed-end value-add/opportunistic fund series, Invesco Real Estate U.S. Fund VI. The vehicle closed on $1.98 billion of capital commitments.
Fundraising | May 9, 2023 Azora holds second closing of flagship U.S. multifamily fund, launches its first Spanish-regulated vehicle by Kali Persall Azora has completed a second closing of its flagship U.S. multifamily fund, ONE Azora Exan Multifamily Fund I, and announced the vehicle’s fourth acquisition.
Transactions | May 8, 2023 Threestones Capital acquires nursing home in Spain by Kali Persall Threestones Capital has acquired a nursing home facility in Rubià , Spain, for its TSC Fund — Eurocare IV investment vehicle. Financial terms were not disclosed.
Investors | May 8, 2023 Panattoni to build new logistics platform in Spain by Kali Persall Panattoni, a European logistics-industrial real estate developer, is constructing a new logistics platform in the Spanish city of Miranda de Ebro.
Research | May 8, 2023 Dodge Momentum Index recedes in April due to declining economic conditions by Kali Persall The Dodge Momentum Index (DMI) fell 5.1 percent in April as commercial planning was pushed down by sluggish office, hotel and retail activity, according to Dodge Construction Network.
Fundraising | May 8, 2023 Focus Senior Housing Fund II advances toward $600m fundraising target by Kali Persall Chicago-based Focus Healthcare Partners (FHP) has raised $140 million for its Focus Senior Housing Fund II, according to a recent filing with the SEC.
Fundraising | May 8, 2023 Lubert-Adler raises $30m for Workforce Housing Fund II by Larry Gray Philadelphia-based investment manager Lubert-Adler has raised $30 million for its Lubert-Adler Workforce Housing Fund II-MB
Transactions | May 8, 2023 TPG in talks to acquire Angelo Gordon for $2b by Kali Persall TPG is in talks with Angelo Gordon regarding an acquisition deal that would value the investment firm at more than $2 billion.
Investors | May 8, 2023 Indiana Public Retirement System places $50m in Longpoint Realty Specialty Grocer Fund by Kali Persall The Indiana Public Retirement System (INPRS) has backed Longpoint Realty Specialty Grocer Fund I with a $50 million commitment, according to a recent investment document.
