Transactions | Jan 5, 2023 JLL consortium advises on major South Korea office transaction by Andrea Zander JLL has announced that, jointly with NAI Propertree and Deloitte, it acted as a consortium sales adviser on behalf of EDN Investment Management, to complete the transaction of the fund’s beneficiary certificates for the sale of GB I and GB II Tower, two office assets with a total gross floor area of 57,680 square meters (620,860 square feet), located in the highly sought-after Pangyo Techno Valley in Seoul.
SPONSORED: Amherst – Supporting housing stability through long-term capital commitment by Jennifer Babcock The pandemic forced progress in housing affordability and support for residents in a variety of housing situations.
SPONSORED: CBRE IM – Overcoming the denominator effect challenge by Jennifer Babcock The sharp drop off in the markets in 2022 left many investors overinvested according to their allocation mandates in illiquid assets, such as real estate and infrastructure.
Fundraising | Jan 4, 2023 FCP Realty Fund VI secures $373m of capital from investors by Kali Persall FCP Realty Fund VI, a value-added fund managed by FCP, has secured more than $373 million against a target of $1.65 billion.
People | Jan 4, 2023 South Korea’s NPS names new CIO by Kali Persall The National Pension Service (NPS) of South Korea, the world's third-largest pension fund, has appointed a new CIO.
Fundraising | Jan 4, 2023 Brookfield closes fourth flagship real estate fund at a record-breaking $17b by Kali Persall Brookfield Asset Management has raised a colossal $17 billion for its fourth flagship real estate fund — Brookfield Strategic Real Estate Partners (BSREP) IV — bringing its capital-raising period to a close.
Fundraising | Jan 4, 2023 Covenant Capital Group raises its largest investment vehicle to date by Kali Persall Nashville–based Covenant Capital Group has raised $748 million for its latest value-add real estate vehicle, Covenant Apartment Fund XI, making it the largest fund in the firm’s 22-year history.
Transactions | Jan 4, 2023 ARA US Hospitality Property Trust buys 119-room hotel in Colorado Springs by Andrea Zander ARA US Hospitality Property Trust has plans to acquire the three-star Home2 Suites by Hilton Colorado Springs South hotel.
People | Jan 4, 2023 Accor appoints Omer Acar as CEO Raffles & Orient Express by Released Accor has appointed Omer Acar as CEO Raffles & Orient Express.
Transactions | Jan 4, 2023 Hines acquires three-building industrial Portfolio in New Jersey by Released Hines has acquired Newark Distribution Center in New Jersey.
Transactions | Jan 4, 2023 Brookfield sells Barcelona hotel for €230m by Andrea Zander Spanish fund manager Blasson Property Investments has plans to purchase a 465-room, five-star Sofia Hotel in Barcelona.
Investors | Jan 4, 2023 Medical office fundamentals to remain strong, despite macro challenges by Loretta Clodfelter The medical office sector is likely to see fundamentals remain strong in 2023, although the broader economic challenges may pose some threats to the healthcare industry, according to Kevin Yen, principal, investments, with BentallGreenOak.
People | Jan 4, 2023 Jennifer Dumas Hall joins Rockpoint Group as managing director by Andrea Zander Jennifer Dumas Hall has joined Rockpoint Group as managing director.
People | Jan 4, 2023 Rai Katimansah joins SC Capital Partners as managing director by Released SC Capital Partners Group has hired Rai Katimansah as a managing director.
Transactions | Jan 4, 2023 London office complex to become Invesco Real Estate’s first carbon neutral re-development by Released Invesco Real Estate has announced its 20 Manchester Square will be its first carbon neutral re-development on completion in 2024.
Transactions | Jan 4, 2023 Keppel’s China logistics property fund partners BLOGIS to acquire its first asset in Wuhan, China by Released Keppel Capital Holdings Pte. Ltd. has partnered with BLOGIS Holdings to acquire its fund’s first asset.
People | Jan 4, 2023 Europa Capital appoints Graham Porter as director, head of research by Released Europa Capital has appointed Graham Porter as director, head of research.
Transactions | Jan 3, 2023 BlackRock sells down stake in Cromwell EREIT by Andrea Zander BlackRock Inc. has sold some of its stake in Cromwell European REIT.
Transactions | Jan 3, 2023 Unibail-Rodamco-Westfield sells two malls for $196m by Released Unibail-Rodamco-Westfield as completed the sale of Westfield Trumbull located in Trumbull, Conn., and Westfield South Shore located in Bay Shore, N.Y., to a commercial real estate investment firm.
Transactions | Jan 3, 2023 Realty Income to acquire properties from CIM Real Estate Finance Trust for $894m by Released Realty Income Corp. has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust (CMFT), a non-listed REIT sponsored by an affiliate of CIM Group, for approximately $894 million in cash.
