Transactions | May 25, 2022 EXCLUSIVE — Blue Vista Capital Management acquires two build-to-rent development projects in Arizona by Kali Persall Blue Vista Capital Management has acquired land for two single-family build-to-rent (BTR) development projects in Litchfield Park and Goodyear, located outside Phoenix.
Investors | May 25, 2022 Cushman & Wakefield, Newmark invest in hybrid workspace solutions firm by Released Upflex — a global provider of hybrid workspace solutions — has announced the closing of its $30 million Series A funding round.
Investors | May 25, 2022 KPERS makes follow-on commitment to Prime Property Fund by Kali Persall The Kansas Public Employees Retirement System (KPERS) has approved a follow-on commitment of up to $125 million to Prime Property Fund.
Transactions | May 25, 2022 AXA IM Alts acquires two residential assets in Tokyo for €51m by Released AXA IM Alts has acquired two residential assets in Tokyo for €51.2 million ($54.58 million).
Transactions | May 25, 2022 CBRE Investment Management continues expansion in Japan by Released CBRE Investment Management has acquired a 69,045-square-meter (743,194-square-foot) parcel of land in Tokyo on behalf of the CBRE Asia Value Partners VI fund.
Investors | May 25, 2022 Inland Private Capital and Core Spaces form student housing JV by Andrea Zander Inland Private Capital Corporation (IPC) and Core Spaces have formed a strategic joint venture targeting ground-up, and substantially complete, off-campus purpose-built student housing opportunities located at leading, top-tier universities throughout the United States.
Fundraising | May 25, 2022 Noble Hospitality Fund V inches closer to $800m fundraising target by Kali Persall Noble Investment Group has locked in more than $510 million for its Noble Hospitality Fund V from 17 investors.
Investors | May 25, 2022 Legal & General Capital makes first U.S. investment, with $500m commitment by Andrea Zander Legal & General Capital (LGC) has formed a 50-50 partnership with U.S.-based real estate developer Ancora.
Transactions | May 25, 2022 Slate Asset Management makes €59m Investment in U.K.-based vertical farming business by Andrea Zander Slate Asset Management has completed a £50 million (€59 million/$63 million) investment in Eider VF Limited (EVF), a U.K.-based vertical farming business, through its Cities and Communities Impact Infrastructure Strategy.
Research | May 25, 2022 CBRE: Asia Pacific Cap Rate Survey Q1 2022 by Andrea Zander CBRE professionals see investors looking for higher return opportunities amid the rising interest rate environment but without taking on any significant risk in the Asia Pacific markets.
Transactions | May 25, 2022 AMP Capital continues to re-shape real estate portfolio with new residential development by Released AMP Capital has progressed the development of additional high-end residential apartments at the Karrinyup Shopping Center in Perth as it continues to re-shape its retail and office assets into Australia’s leading mixed-use real estate portfolio.
Transactions | May 25, 2022 Invesco, UBS partnership reaches $625m and expands to U.S. multifamily sector by Andrea Zander Invesco Real Estate and UBS Global Wealth Management have acquired their first direct real estate asset for their partnership mandate since its formation in June 2021.
People | May 25, 2022 Bouwinvest appoints Mark Siezen to succeed Dick van Hal as CEO by Released Mark Siezen will succeed Dick van Hal as CEO of Amsterdam-based real estate investment company Bouwinvest.
Transactions | May 25, 2022 Madison International Realty invests in the $3b recap of Cologix by Andrea Zander Madison International Realty has invested in the recapitalization of Cologix.
Investors | May 24, 2022 Baltimore City Employees seeks general investment consultant by Kali Persall The $3.2 billion Baltimore (Md.) City Employees’ Retirement Systems (BCERS) has launched an RFP seeking proposals for general investment consultant services.
Investors | May 24, 2022 CPP Investments ends fiscal year with 6.8% net return by Kali Persall The Canada Pension Plan Investment Board (CPP Investments) achieved a net return of 6.8 percent for the fiscal year ending March 31, concluding with $539 billion of net assets.
Transactions | May 24, 2022 BNP Paribas REIM acquires Brussels residential property by Released BNP Paribas REIM has acquired Opera III residential property in Brussels.
Transactions | May 24, 2022 Nobu Hospitality continues strategic European expansion with Madrid asset by Released Nobu Hospitality has plans for its fifth Spanish hotel and restaurant in the elegant capital city of Madrid.
Fundraising | May 24, 2022 Capital Square Multifamily Development Fund I launches with $300m fundraising target by Kali Persall Capital Square is seeking to raise up to $300 million for its newly launched Capital Square Multifamily Development Fund I.
Transactions | May 24, 2022 Mapletree wins approval for $3.1b commercial REIT merger by Andrea Zander Shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have approved a S$4.22 billion ($3.07 billion) merger.
