Transactions | Jan 9, 2023 Barings completes sale of logistics asset in Paris suburbs by Released Barings has completed the sale of an asset in Saint-Ouen l’Aumône, France.
Transactions | Jan 9, 2023 $1b JRK Property Holdings multifamily fund makes first 2 acquisitions by Released JRK Property Holdings has made the first two acquisitions for its newest multifamily value-add fund: the $1 billion JRK Platform V.
Research | Jan 9, 2023 Schroders’ Outlook 2023: Emerging markets by Andrea Zander The economic outlook for 2023 is weak, and uncertainty and volatility may remain elevated in the near term.
Transactions | Jan 9, 2023 Patron, Bluestone and FREO invest in Milan resi scheme by Andrea Zander Patron Capital, together with Bluestone, and FREO Group, has agreed to the acquisition of a development site in the southeast of Milan.
People | Jan 9, 2023 RCLCO Fund Advisors promotes Simon Soomekh to managing director by Kali Persall RCLCO Fund Advisors (RFA) has promoted Simon Soomekh, who serves as principal and director of investments, to the position of managing director.
Investors | Jan 9, 2023 CRPTF plans up to $550m of real estate investments in 2023 by Kali Persall The Connecticut Retirement Plans and Trust Funds (CRPTF) is planning to make about $850 million of investments on behalf of its infrastructure and natural resources portfolio in 2023, depending on the growth of the overall fund assets.
Investors | Jan 9, 2023 Texas TRS pours $250m in Oak Street, Principal real estate funds by Kali Persall The Teacher Retirement System (TRS) of Texas has committed $250 million to two real estate funds.
Transactions | Jan 9, 2023 Four Canadian gaming properties sells for $202m by Released VICI Properties has acquired the PURE Portfolio.
Transactions | Jan 9, 2023 VICI Properties completes $1.27b acquisition of MGM Grand Las Vegas and Mandalay Bay JV by Released VICI Properties has closed on the previously announced acquisition of the remaining 49.9 percent interest the MGM Grand Las Vegas and Mandalay Bay Resort.
Fundraising | Jan 9, 2023 Invel Real Estate JV buys five-star hotel in Greece, launches new fund by Released Invel Real Estate and Prodea Investments have acquired White Coast Pool Suites, a five-star luxury hotel on the Greek island of Milos.
Investors | Jan 9, 2023 Précis Capital Partners, QuadReal announce €1.1b partnership by Andrea Zander Canadian QuadReal Property Group has acquired an interest in Précis Capital Partners, the real estate development lending platform, and will commit as much as £1 billion (€1.1 billion/$1.2 billion) to deploy into its development loans.
Research | Jan 9, 2023 €3.4b of hotel transactions in 2022 by Andrea Zander Approximately $3.65 billion of U.K. hotel transactions took place in 2022.
SPONSORED: Greystar – ‘Conservatively optimistic’ about rental housing fundamentals by Jennifer Babcock Robust rent growth and high occupancy — buoyed by a supply/demand imbalance in the rental housing market — continue to provide a strong incentive for investors in the rental housing market.
SPONSORED: GID – A good time to provide ‘transitional, creative capital’ by Jennifer Babcock GID rolled out a new credit platform, GID Credit, in October of 2022. The plan had been in the works for a number of years, but the timing worked well, given the macro environment 2022 offered.
SPONSORED: Equus Capital Partners – Investing with skin in the game changes the game by Jennifer Babcock
Investors | Jan 6, 2023 SWIB finishes 2022 with slew of real estate commitments by Kali Persall The State of Wisconsin Investment Board (SWIB) has unveiled a series of real estate commitments made throughout third quarter 2022.
Investors | Jan 6, 2023 Wayne County Employees' Retirement System undertakes search for investment consultant by Kali Persall Wayne County (Mich.) Employees’ Retirement System has launched an RFP seeking an investment consultant for its $1 billion defined benefit plan.
Research | Jan 6, 2023 U.S. economy adds 223,000 jobs in December by Loretta Clodfelter Total nonfarm payroll employment increased by 223,000 jobs in December, according to the Bureau of Labor Statistics, and the unemployment rate edged down to 3.5 percent. The gain in jobs — the lowest monthly total in 2022 — was in line with forecasts.
Research | Jan 6, 2023 Mall visits during December increase again; “incredibly positive sign” heading into 2023 by Andrea Zander In 2022, shopping malls experienced whiplash after a post-pandemic boom was met with increasingly difficult economic headwinds.
Transactions | Jan 6, 2023 Remedy Medical Properties, Kayne Anderson Real Estate acquire $131m, 13-property portfolio by Released Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate have acquired the Project Prism (Montecito) Portfolio.
