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Investors | Nov 10, 2022
Supply chain problems are affecting multifamily operations across the board. According to Drew Gravina, senior vice president of facilities at Morgan Properties, the issues range from standard apartment turnover activities to value-add upgrades to resident work orders to contracted services.
Transactions | Nov 9, 2022
CapitaLand Investment Limited (CLI) has entered into agreements with CapitaLand Malaysia Trust (CLMT), its sponsored real estate investment trust listed on Bursa Malaysia, to divest its entire interest comprising 91.8 percent of the total strata floor area of retail parcels in Queensbay Mall, Penang, Malaysia.
Fundraising | Nov 9, 2022
LPC Logistics Venture II, the second develop-to-core fund managed by Logistics Property Company, has closed with $1.8 billion of total equity commitments. The capital for the fund was provided by several global institutional investors and LPC, in the form of a co-investment.