Fundraising | Jun 1, 2022 EXCLUSIVE — Fairfield anticipates first closing of new affordable housing fund by Kali Persall Fairfield is planning to hold a first closing for its open-ended Fairfield Affordable Housing Preservation Fund this month.
Fundraising | Jun 1, 2022 Cresset Partners reports movement with logistics, opportunity zone funds by Kali Persall Private investment firm Cresset Partners has closed its first industrial-focused fund, Cresset Real Estate Logistics Fund I, a year after opening to investors.
Investors | Jun 1, 2022 Countryside and Start Living Residential join forces for Midlands BTR venture by Andrea Zander A new partnership between Countryside, a U.K. mixed-tenure developer, and Start Living Residential, a new single-family build-to-rent joint venture between Gatehouse Bank and TPG Real Estate Partners (TPGREP), has plans to build 150 new high-quality rental homes across the Midlands.
Transactions | Jun 1, 2022 Singtel partners with Lendlease for $2.2b redevelopment HQ by Andrea Zander Singtel has plans to partner with Lendlease to redevelop its Comcentre headquarters into a S$3 billion ($2.2 billion) world-class sustainable workplace featuring the latest smart building and digital technologies.
Transactions | Jun 1, 2022 Gaw Capital Partners buys Japanese residential portfolio by Andrea Zander Gaw Capital Partners announced that its separately managed account ultimately held by Qatar Investment Authority (QIA) has acquired Japanese residential assets in city center locations primarily in Tokyo and other major cities in Japan.
Investors | Jun 1, 2022 GIC and Greystar announce acquisition of Student Roost from Brookfield by Andrea Zander GIC and Greystar Real Estate Partners have formed a joint venture that has signed an agreement to acquire Student Roost.
People | Jun 1, 2022 Walker & Dunlop, Pacific Life Announce $500m JV by Released Walker & Dunlop Investment Partners (WDIP) has partnered with Pacific Life to form a $500 million programmatic joint venture.
Investors | Jun 1, 2022 Global property securities “well-placed” amid current macro environment by Loretta Clodfelter The global macroeconomic environment may provide challenges for real estate investors, but the underlying fundamentals for most property types will be supportive of investment in the sector, according to Stephen Hayes, head of global property securities at First Sentier Investors, in an interview with IREI.
Transactions | Jun 1, 2022 Stratus Properties Inc. completes $260m sale by Released Stratus Properties has completed the previously announced sale of Block 21 to Ryman Hospitality Properties and its affiliates for $260 million.
Transactions | Jun 1, 2022 Iconic Equities, Leste Real Estate form $400m industrial partnership by Andrea Zander Iconic Equities and Leste Real Estate U.S. have formed a joint venture.
Transactions | Jun 1, 2022 Madison Realty Capital receives strategic minority investment from ICONIQ by Released ICONIQ Investment Management has made a strategic minority investment in Madison Realty Capital.
Transactions | Jun 1, 2022 CARROLL, PGIM execute multifamily portfolio sale for $885m by Andrea Zander CARROLL, in partnership with PGIM Real Estate, the $209.3 billion real estate investment and financing business of Prudential Financial, has sold 12 multifamily communities representing 3,564 total units across Florida, North Carolina and Tennessee for $885.5 million.
Transactions | Jun 1, 2022 Savills IM acquires grade-A distribution center in the Netherlands by Kali Persall Savills Investment Management has acquired a modern grade-A distribution center in Veghel, the Netherlands, for its pan-European logistics strategy. The seller in the sale-leaseback transaction is Biotope B.V., the owner of the tenant Udea BV. The parties have agreed not to disclose the investment volume.
Why investors might pursue diversified versus sector-specific strategies by Kali Persall Experts say investors’ decision to follow a diversified strategy versus sector-specific strategy depends on many differentiators, such as the size of the investor organization, risk/return appetite and desired portfolio weightings, to name a few.
Transactions | Jun 1, 2022 Hines, Blue Noble to open 150 high-end apartments in Italy by Kali Persall Hines and Blue Noble, joint investors in the Future Living fund managed by Savills Investment Management, have finalized an agreement with Starhotels.
Transactions | May 31, 2022 CBRE, neoturis advise on selection of YOTEL in World Trade Center Lisbon by Released Global real estate advisor CBRE, alongside tourism consultant neoturis, has advised FVC Group on the operator selection of YOTEL for a future hotel located in World Trade Center (WTC), Lisbon.
People | May 31, 2022 MetLife Investment Management announces new head of real estate debt by Released David Politano has been named head of real estate debt at MetLife Investment Management (MIM), leading the debt strategies group.
Transactions | May 31, 2022 Ardian sells iconic office asset in Paris to M&G by Kali Persall Ardian has sold an iconic office building located in the Monceau Business Area of Paris to M&G for €271 million ($289 million).
Transactions | May 31, 2022 Schroder Real Estate Investment Trust snaps up St. Ann’s House in Manchester by Kali Persall Schroder Real Estate Investment Trust (SREIT) has paid £14.7 million ($18.5 million) for St. Ann’s House, a mixed-use office and retail asset in Manchester.
Transactions | May 31, 2022 Kennedy Wilson acquires 20 urban logistics assets in the U.K. by Kali Persall Kennedy Wilson has acquired a high-quality diversified portfolio of 20 U.K. urban logistics assets in a $287 million off-market transaction with U.K. logistics specialist Leftfield.
