Newsline

With Donald Trump’s re-election to the U.S. presidency on Nov. 5, real estate professionals must assess how Trump’s proposed economic and housing policies might shape the U.S. market to seize emerging opportunities and mitigate potential risks, according to RCLCO.

A new U.K. green finance vehicle could unlock up to £70 billion ($90.3 billion) of private investment into energy efficiency upgrades in the U.K. residential market alone, according to its would-be creators.

Blackstone and Retail Opportunity Investments Corp. (ROIC) announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC’s portfolio consists of 93 high-quality, grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland, Ore.

Standard Communities has acquired a 100 percent affordable housing portfolio valued at more than $1 billion consisting of over 6,000 apartment homes in more than 60 communities in four states.

Ardian and Rockfield announce their first investment of their Pan-European strategy dedicated to purpose-built student accommodation (PBSA), enabled by an initial commitment from CBRE Investment Management’s Indirect Strategies (CBRE IM) and with dry powder of about €800 million ($872 million).

Principal Asset Management has released its U.S. Real Estate Sector Report, touching on performance and implications for a number of key property types and sectors.

The Reserve Bank of Australia kept interest rates at 4.35 percent at its November meeting, given the RBA board still sees the Australian economy as “running beyond its capacity,” notes Oxford Economics, with the RBA stating that “underlying inflation remains too high.”

The New Mexico State Investment Council (NMSIC) has committed $200 million to Fairfield U.S. Multifamily Value-Add Fund IV, a vehicle of Fairfield Residential.

The Indiana Public Retirement System (INPRS) has invested $15 million in KKR Project Campus, a co-investment opportunity made alongside existing manager KKR on behalf of its real assets mandate.

ActivumSG, on behalf of ActivumSG Fund VII, working with Global Hospitality Investment Group, announced the acquisition of Sutton Point, a hotel-led mixed-use asset in Greater London, for £21 million ($27 million).

Cain International, the alternative asset manager specializing in real estate investment solutions, and Menora Mivtachim have announced the expansion of their strategic partnership, which will see Menora commit follow-on capital to accelerate the growth of Cain’s purpose-built student accommodation (PBSA) equity platform in the United Kingdom.

REITs fell in October, with the FTSE Nareit Equity REITs Index recording a decline of 2.9 percent.

W.P. Carey announced the sale-leaseback of 123 retail stores in Poland.

Alterra IOS announced the sale of a 51-property portfolio to Peakstone Realty Trust in an off-market transaction valued at $490 million.

CBRE Investment Management (CBRE IM) announced the appointment of Alina Iorgulescu as portfolio manager for its Europe logistics strategy.

CapitaLand Investment (CLI) has secured S$261 million ($198 million) of capital commitment from a new Japanese capital partner, Mitsui O.S.K. Lines (MOL), for its private funds in Southeast Asia and India.

Japan’s Mitsui Fudosan Logistics Park (MFLP-REIT) has conducted an absorption-type merger with Advance Logistics Investment (ADL), a J-REIT specializing in logistics and sponsored by ITOCHU, to create a $3.8 billion industrial trust.

GREYKITE European Real Estate Fund I and Gatehouse Investment Management have formed a joint venture to invest in purpose-built single-family rental (SFR) homes across the United Kingdom and have acquired an initial seed portfolio across 11 sites, in the Midlands, Yorkshire and the North East, from leading housebuilder Persimmon Homes.

David Vickers, CIO at Brunel Pension Partnership, will be leaving in spring 2025 after four years in the role.

Singapore real estate company City Developments Ltd. (CDL), through its wholly owned subsidiary Chenghong (Shanghai) Investment Co., and People’s Republic of China partner Lianfa Group have secured the tender for a rare mixed-use development site in downtown Shanghai for RMB 8.94 billion ($1.25 billion).