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Blackstone Real Estate Income Trust (BREIT) has exited the self-storage sector and deployed $3.3 billion into data center development during the second quarter, according to AltsWire.

More than 2.5 million properties across the 10 most exposed states in the western U.S. carry a moderate or greater risk of wildfire. These properties represent a combined reconstruction cost value (RCV) of nearly $1.4 trillion, according to Cotality’s 2026 Wildfire Risk Report.

Singapore sovereign wealth fund GIC has increased its exposure to Sydney’s office market with the A$450 million ($293 million) acquisition of 1 Market St., according to The Australian.

Simon Property Group expects to more than double the rent generated by approximately 1 million square feet of space vacated following Saks Global’s bankruptcy, according to the company’s second quarter 2026 earnings call and media reports from Retail Dive and Bisnow.

Institutional capital is playing an increasingly important role in preserving and creating affordable housing as policymakers, investors and communities confront a persistent shortage of attainable rental options. In an exclusive interview with IREI, Russell Ginise, executive managing director and portfolio manager for affordable housing, and Jen Wichmann, U.S. head of research and strategy at LaSalle Investment Management, discuss how perceptions of institutional investment in affordable housing have evolved, whether concerns about large investors could discourage capital needed to preserve existing communities, and why public-private partnerships remain essential. They also address the balance between new housing production and the preservation of existing affordable units, including the risk that aging properties could deteriorate or convert to market-rate housing.

Almanac Realty Investors, the private real estate arm of Neuberger, a global investment manager, has committed $250 million of growth capital to Stamford, Connecticut-based AmCap Ventures, a privately-held, vertically-integrated real estate company founded in 1979. The commitment marks the inaugural deployment of Almanac’s Horizon Fund, a $1 billion investment vehicle established in partnership with Australian Retirement Trust (ART).

Warburg Pincus and Kio Investment Management, an Australian real asset investment manager founded by industry veteran Sam Bisla, have plans to expand their partnership through an additional capital commitment to further accelerate investment in build-to-rent (BTR) and expand into purpose-built student accommodation (PBSA) across Australia’s key gateway cities.

Digital Core REIT, a pure-play data center REIT listed in Singapore and sponsored by Digital Realty, has reached an agreement to sell interests in three North American assets and redeploy the proceeds to acquire partial interests in one data center in Singapore, one data center in Osaka, Japan, pay down debt, and repurchase units on the open market.

U.S. industrial demand is accelerating, with leasing activity up sharply, manufacturing investment driving record demand and occupiers increasingly shifting back toward primary markets amid fuel, tariff and occupancy-cost considerations, according to Newmark in its Q2 2026 U.S. Industrial Market Report.

Retail demand snapped back in the second quarter, with net absorption reaching 10.2 million square feet (the second-strongest quarter in two years) as malls and neighborhood centers returned to positive territory, according to JLL in its Q2 2026 Retail Market Dynamics report.

Rayonier has completed two strategic timberland transactions with Resource Management Service, LLC (RMS), further advancing the company’s portfolio optimization strategy.

U.K. insurer Utmost Life and Pensions has appointed Aberdeen Investments to manage a commercial real estate debt mandate supporting its growing bulk purchase annuity business and broader pension risk-transfer plans, according to Alternative Credit Investor.

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has acquired an 860,100-square-foot, rail-served logistics asset in Fort Worth, Texas.

Institutional capital says it wants cash flow that tracks inflation, low tenant turnover and strong secular demand drivers that are insulated from economic cycles. Manufactured housing communities deliver all three, but institutional ownership of the sector remains low relative to competing property types.

ESR, an Asia Pacific focused real asset owner and manager, Indonesia Investment Authority (INA), and other capital partners are jointly investing in the development of two institutional-grade logistics facilities in Cikarang, Greater Jakarta, Indonesia.

Broadview Real Estate Partners has held a final close for Broadview Real Estate Partners Fund II, raising $100 million. Investor interest in the fund exceeded capacity.

Amid accelerating demand for AI infrastructure, NVIDIA is seeking to turn its compute and full-stack artificial intelligence (AI) infrastructure into an investable asset class for global capital.

Robert A. Stanger & Co. has published its Second Quarter 2026 Non-Listed BDC Edition of The Stanger Report, highlighting the sector’s lowest quarterly fundraising total since 2020 and highest quarterly redemption demand on record.

Savills Korea has successfully completed its exclusive sales advisory mandate for Gangnam 358 Tower, a prime office asset located Seoul’s Gangnam Business District (GBD).

mBank and PGGM have entered into a credit risk sharing transaction referencing a €1.1 billion ($1.3 billion) portfolio of commercial real estate loans in Poland, with PGGM investing in 80 percent of the outstanding tranche as an anchor investor.