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?”
Fundraising | Sep 13, 2023 Meridia announces Meridia V fund by Lewis Dayton Meridia, the Spanish-based alternative investment manager, announced the launch of a new fund, Meridia V, after completing a first close. Meridia expects the fund to be its largest vehicle raised to date.
Fiera Real Estate announces second close of Logistics Development Fund by Lewis Dayton Fiera Real Estate UK has announced the second close of its Logistics Development Fund, having raised £225 million ($281 million) in commitments to date. The fund is seeking £300 million ($375 million) of equity from investors.
Investors | Sep 13, 2023 PGIM Real Estate provides $455m in financing for 8-building industrial portfolio by Kali Persall PGIM Real Estate has provided $455 million in fixed-rate financing on behalf of its core lending strategy to Alere Property Group for an eight-building industrial portfolio.
People | Sep 13, 2023 Hines veteran Claire Cormier Thielke takes up CIO — Asia role at Prologis by Kali Persall Claire Cormier Thielke has left her post at Hines to become chief investment officer — Asia at Prologis.
Transactions | Sep 13, 2023 Ringley Group launches Una Living platform in the U.K. by Kali Persall Ringley Group, the £8 billion ($10 billion) residential group, is launching a new operational living sector platform, known as Una Living.
Fundraising | Sep 13, 2023 Accordant launches registered interval fund for private real estate investment by Loretta Clodfelter A new venture from private wealth adviser Accordant Investments and sub-adviser IDR Investment Management will offer individual investors a registered interval fund product that tracks the performance of private real estate funds.
Transactions | Sep 13, 2023 Housing Growth Partnership invests €19m of equity to fund the delivery of 557 new homes in the Midlands by Released Housing Growth Partnership has invested £17.7 million (€19.79 million/$22.44 million) of equity across seven housing schemes in the Midlands since the start of 2023.
Investors | Sep 13, 2023 Chicago Teachers posts return of 8.68% for fiscal year by Lewis Dayton Chicago Teachers’ Pension Fund, with $11.9 billion AUM, posted a return of net 8.68 percent for the fiscal year ending June 30, performing below its benchmark of 9.53 percent.
Investors | Sep 13, 2023 LACERS posts 6.77% return for fiscal year by Lewis Dayton The $21.6 billion Los Angeles City Employees’ Retirement System returned a net 6.77 percent for the fiscal year ending on June 30, above its benchmark of 5.78 percent.
People | Sep 13, 2023 Knight Frank appoints head of international capital USA by Released Knight Frank has appointed Edward Owen as head of international capital USA.
