Investors | Sep 15, 2023 San Jose Police and Fire reports a 7.7% return for fiscal year by Lewis Dayton The $4.7 billion San Jose (Calif.) Police and Fire Department Retirement Plan reported a net return of 7.7 percent for the fiscal year that ended June 30, outperforming its benchmark of 7.5 percent.
Investors | Sep 15, 2023 Investor views on using proptech by Jennifer Molloy Areas for the use of proptech are advancing rapidly, enabling capital allocators to dig deeper into their investment decisions.
Transactions | Sep 15, 2023 Public Storage announces closing of Simply Self Storage acquisition by Released Public Storage announced that it has completed the previously announced acquisition of Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion.
Investors | Sep 15, 2023 City of Phoenix Employees commits $20m to Sunbelt-focused multifamily fund by Lewis Dayton The $3.37 billion City of Phoenix Employees’ Retirement System (COPERS) has committed $20 million to American Landmark Fund IV.
Transactions | Sep 15, 2023 Winstanley acquires Windsor Fulfillment Center for $122m by Released Winstanley Enterprises, one of the largest regional owners and operators of commercial real estate in New England, has acquired 200 Old Iron Ore Road in Windsor, Conn. The property was purchased for $122.3 million from German Investor Deka Immobilien Investment GmbH and is leased to Amazon on a long-term basis.
People | Sep 15, 2023 Gwen Leurini joins Marcus Partners as principal, CFO and CCO by Released Marcus Partners announced that Gwen Leurini has joined the firm as principal, chief financial officer and chief compliance officer. She also will serve on the firm’s management committee and chair the compliance and risk committee.
Investors | Sep 15, 2023 Clean Energy Finance Corp., MaxCap announce new investment mandate focused on sustainable-building upgrades by Released The Clean Energy Finance Corp. (CEFC) will leverage the power of private sector capital to finance sustainable-building upgrades, committing up to A$75 million ($48 million) via a new investment mandate. The mandate will target commercial offices, hotels and retail assets to decarbonize a substantial part of the property sector.
People | Sep 14, 2023 RO Group appoints Matteo Scabbia as head of property management by Released The U.K.-based RO Group has announced the appointment of Matteo Scabbia as head of property management. In his new role, Scabbia will be based at the company's London office and will work across the group’s extensive real estate portfolio.
Investors | Sep 14, 2023 The return of the gateway market in multifamily by Lewis Dayton The multifamily market in gateway cities is returning with significant opportunities for investors, said Adam Levin, executive managing director at Levin Johnston, and Robert Johnston, senior managing director at Levin Johnston, in a recent exclusive interview with Institutional Real Estate, Inc.
People | Sep 14, 2023 Former Barings managing director joins Angelo, Gordon & Co. by Kali Persall Maja Lindstrom, former managing director of EMEA business development at Barings, has joined Angelo, Gordon & Co., a $73 billion alternative investment firm focused on credit and real estate investing.
Transactions | Sep 14, 2023 Hines acquires 4 industrial estates from LondonMetric by Kali Persall Hines has acquired a portfolio of four multi-let industrial estates in the West Midlands of the United Kingdom from LondonMetric Property for £40.5 million ($51 million).
Transactions | Sep 14, 2023 ESR Group to build logistics park on 57 acres in India by Kali Persall ESR Group has plans to develop a logistic park in Cuttack, Odisha, India, with an investment of about INR 360 crore ($43 million).
Investors | Sep 14, 2023 Mendocino County returns 8.29% for fiscal year by Lewis Dayton Mendocino County (Calif.) Employees’ Retirement Association, with $664 million AUM, returned a net 8.29 percent for the fiscal year that ended on June 30, above its benchmark of 8.21 percent.
Transactions | Sep 14, 2023 Kennedy Wilson completes construction of three multifamily developments in Ireland totaling 800 units by Released Kennedy Wilson has completed three major residential developments in Dublin.
Investors | Sep 14, 2023 Florida Retirement System returns 7.5% during fiscal year by Lewis Dayton The $188.7 billion Florida Retirement System returned a net gain of 7.5 percent during the past fiscal year, performing below its benchmark of 10.11 percent.
Research | Sep 14, 2023 Absorption grows by 300% and deliveries expected to surge over 50% by Andrea Zander Absorption in multifamily during the first half 2023 surged to 98,429 units, with an increase of 83,449 units in second quarter — nearly quadrupling the absorption seen in the first half 2022.
Transactions | Sep 14, 2023 CapRock receives pre-development financing on a 22.1-acre parcel in Moreno Valley, Calif. by Denise Moose CapRock announced that it received $17.5 million in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley, Calif.
Investors | Sep 14, 2023 CalPERS committed $1.85b in first quarter 2023 to two real estate funds by Lewis Dayton California Public Employees’ Retirement System (CalPERS), with $462.8 billion assets under management, committed a total of $1.85 billion to real estate funds in the first quarter of the year.
Transactions | Sep 14, 2023 Grandbridge provides $426m in funding for seniors housing portfolio by Denise Moose Grandbridge Real Estate Capital’s Seniors Housing and Diversified Healthcare Finance Group has provided $426.8 million in financing for a senior housing portfolio, according to various media outlets.
Research | Sep 14, 2023 Sustainability legislation, demand push Asia’s office sector to be proactive by Lewis Dayton Sustainability legislation threatens to make many office buildings obsolete, increasing the impetus for investors to implement strategies that proactively improve their office portfolios. That is one of the main takeaways from a recent podcast by Cushman & Wakefield, titled, “Is Sustainability causing obsolescence?”
