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Investors | Aug 18, 2022
Blackstone Real Estate Partners X (BREP X), the latest in Blackstone’s series of global flagship real estate funds, has picked up the Virginia Retirement System (VRS) as an investor, according to a recent investment report.
Research | Aug 18, 2022
With many Americans delaying homeownership — given low supply, high pricing and rising interest rates — that has in turn created a growing demand for rental housing. This is contributing to rising rents and presenting opportunity for investors to capitalize on the abundance of new renters, increased competition and demand that is outpacing supply, Larry Jacobson, president and CEO of The Jacobson Company, said in an interview with IREI.
Transactions | Aug 17, 2022
Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has acquired an upscale hotel in the heart of Boston’s Back Bay neighborhood, marking its sixth hotel acquisition in the past 18 months.
Transactions | Aug 17, 2022
Apollo Global Management has taken an 11.1 percent minority stake in Aldar Investment Properties (AIP), a subsidiary of Abu Dhabi–listed Aldar Properties PJSC and the region’s largest institutional-class real estate platform.