Investors | Sep 8, 2022 Iowa Public Employees' Retirement System logs positive returns for private real assets class by Kali Persall The Iowa Public Employees' Retirement System (IPERS) saw a net investment return of -3.9 percent for the fiscal year ending June 30, against a policy benchmark of -4.05 percent. The pension fund’s investment return for the quarter of -7.53 percent, net of fees.
Transactions | Sep 8, 2022 $278m financing secured for Massachusetts life science development by Released A joint venture between CV Properties, Cannon Hill Capital Partners and L&B Realty Advisors has secured the $278 million construction financing for Boynton Gateway, a to-be-developed, nine-story, 334,000-square-foot life science facility in Somerville, Mass.
Transactions | Sep 8, 2022 Toll Brothers, Equity Residential to develop three luxury rental communities in Dallas-Fort Worth area by Released Toll Brothers, through its Toll Brothers Apartment Living, and Equity Residential, have plans to develop three new luxury rental communities totaling 1,053 units in the Dallas-Fort Worth metropolitan area.
Transactions | Sep 8, 2022 Rexford Industrial pays $339m for seven L.A. industrial properties by Andrea Zander Rexford Industrial Realty has acquired seven industrial properties for an aggregate purchase price of $338.9 million.
Investors | Sep 8, 2022 Orange County Employees Retirement System invests $175m in two new real estate managers by Kali Persall The $20.9 billion Orange County (Calif.) Employees Retirement System (OCERS) has placed $175 million of capital with two real estate managers that are new for the pension fund.
Transactions | Sep 8, 2022 STACK Infrastructure and ESR partner to expand their APAC footprint into Korea with 48MW data center in Seoul by Released STACK Infrastructure and ESR Group have formed a joint venture to develop a 48-megawatt (MW) data center site in Incheon, Korea.
Investors | Sep 8, 2022 Berkadia-arranged programmatic partnership delivers more than $100m in equity toward SB Real Estate Partners’ $350m Southwest expansion by Andrea Zander Over the past 12 months, a programmatic partnership arranged by Berkadia has now delivered more than $100 million in equity toward SB Real Estate Partners’ (SBREP) multifamily expansion throughout the Southwest.
Research | Sep 8, 2022 Asia Pacific leasing market cools slightly by Released Sentiment in most markets cooled slightly but remained in positive territory, according to CBRE.
Fundraising | Sep 8, 2022 Madison Realty Capital Debt Fund VI nears $1b by Kali Persall Madison Realty Capital has captured more than $914 million for its Madison Realty Capital Debt Fund VI, a recent filing with the SEC shows.
Lennar, Trumark, Tri Pointe Homes and Lafferty Communities to build Bay Area's first conservation community by Released Lennar, Trumark Homes, Tri Pointe Homes and Lafferty Communities have been selected to build the first five neighborhoods in Lagoon Valley, located just off Highway 80, between the San Francisco Bay Area and Sacramento.
DFI launches €300m Danish micro-living strategy with €100m Copenhagen development by Andrea Zander Deutsche Finance International (DFI) has launched its Danish micro-living strategy, which is targeting the aggregation of a €300 million ($300 million) portfolio.
Transactions | Sep 7, 2022 Asian investor pays €182m for TikTok London office by Andrea Zander Helical has exchanged contracts on the sale of the single-asset company, Farringdon East (Jersey) Limited, which owns the long leasehold interest in Kaleidoscope.
Investors | Sep 7, 2022 San Diego City Employees weighs $25m investment in noncore real estate fund by Kali Persall The San Diego City Employees’ Retirement System (SDCERS) is considering a commitment of $25 million to Sares Regis Multifamily Value-Add Fund IV, according to an investment meeting agenda for Sept. 8.
People | Sep 7, 2022 Directors Guild of America pension plan appoints first CIO by Kali Persall Directors Guild of America-Producer Pension and Health Plans, a Los Angeles–based pension plan representing the motion picture, television and commercial production industries, has chosen its first CIO.
Transactions | Sep 7, 2022 Catella European Residential III acquires 134 affordable apartments in Dutch city of Zoetermeer for €55m by Released Catella European Residential III Fund has acquired a residential development project in Zoetermeer.
People | Sep 7, 2022 CBRE Investment Management appoints director of transactions & asset management logistics in the Nordics by Released CBRE Investment Management (CBRE IM) has appointed Justine Weber Bret as director of transactions & asset management logistics in the Nordics.
People | Sep 7, 2022 Realterm expands APAC platform by Andrea Zander Realterm has announced the expansion of its Asia Pacific (APAC) platform.
Transactions | Sep 7, 2022 Construction begins on M&G’s €230m Tottenham Court Road eco-championing mixed-use scheme by Released M&G Real Estate and development manager CO-RE have announced that work is starting on The Fitzrovia.
Fundraising | Sep 7, 2022 S2 Capital blows past fundraising target for debut multifamily fund by Kali Persall S2 Capital, a value-add multifamily investor, has completed the final closing of its debut S2 Multifamily Value-Add Fund I.
People | Sep 7, 2022 EXCLUSIVE: The Green Cities Company appoints new director for research & strategy by Andrea Zander The Green Cities Company has hired Blake Walker as director, research & strategy.
