Research | Mar 23, 2022 Affordability issues rise as national rents reach 30 percent of Americans’ incomes by Released New rental data shows affordability issues are on the rise, as Americans spent 30 percent of their monthly budgets on rents in February on average.
Research | Mar 23, 2022 Major investors ready to re-think portfolio strategies by Released Around the world, about two-thirds (66 percent) of major institutional investors are more worried now than two years ago about extreme events disrupting their investment strategies, and nearly as many (64 percent) believe investors need to completely re-think how they approach portfolio construction.
Investors | Mar 23, 2022 Alliance Global Advisors forms partnership with Lebec Consulting by Released Alliance Global Advisors has announced an exclusive partnership with Miami-based Lebec Consulting to further elevate industry best practices in the environmental, social and governance (ESG) and diversity, equity and inclusion (DEI) space.
Fundraising | Mar 23, 2022 Avanath Capital Management secures $536m for affordable housing fund by Kali Persall Avanath Capital Management, a multifamily owner and operator focused on affordable housing, has completed the initial closing of its open-ended affordable housing fund.
Fundraising | Mar 23, 2022 GLP holds $1.3b first closing of third vintage of pan-European logistics income fund series by Kali Persall GLP said it has reached a €1.2 billion ($1.3 billion) first close.
Transactions | Mar 23, 2022 CBRE pays $588m for 64-property self-storage portfolio by Andrea Zander World Class Holdings, a multibillion-dollar holding company, has sold a 64-property self-storage portfolio across 10 states to CBRE and facility operator William Warren Group/StorQuest for $588 million.
Transactions | Mar 23, 2022 Ascott acquires two properties in Ningbo and Amsterdam by Released The Ascott Limited has invested in two properties.
Research | Mar 23, 2022 Marcus & Millichap releases investor sentiment report by Released Marcus & Millichap has published its Investor Sentiment Report 2022.
Transactions | Mar 23, 2022 Fosun International buys stake back in Shanghai office for $1b by Andrea Zander Fosun International has agreed to repurchase a 50 percent stake in its Bund Finance Center in Shanghai for $1 billion.
Transactions | Mar 23, 2022 Preiss Company acquires 828-bed University Trails College Station by Released The Preiss Co. (TPCO) has announced the acquisition of the 828-bed University Trails College Station student housing community.
Fundraising | Mar 23, 2022 PATRIZIA’s open-ended core fund solicits $99m for ESG-related projects by Kali Persall PATRIZIA has launched a £75 million ($99 million) fundraise for ESG-linked capex projects in its flagship U.K. open-ended core fund, PATRIZIA Hanover Property Unit Trust.
Investors | Mar 23, 2022 Taurus Investment Holdings and Aegon Asset Management announce ESG-centric decarbonization venture by Andrea Zander Taurus Investment Holdings (Taurus), a global private equity real estate firm, and Aegon Asset Management (Aegon AM) have entered into four-year, $600 million ESG-centric venture to acquire value-add multifamily assets and considerably reduce the energy consumption and carbon output of those assets.
Transactions | Mar 22, 2022 Prologis bids for Blackstone’s $23b last-mile portfolio by Andrea Zander Prologis has reportedly issued a €21 billion ($23 billion) nonbinding offer to acquire a portfolio of more than 1,700 warehouses held by Mileway.
Investors | Mar 22, 2022 Retail pension fund selects Tikehau Capital for impact private debt mandate by Kali Persall Tikehau Capital has been selected by Pensioenfonds Detailhandel, the pension fund for the retail sector in the Netherlands, to manage a €100 million ($110 million) impact private debt mandate.
People | Mar 22, 2022 PGIM Real Estate strengthens real estate debt business by Kali Persall PGIM Real Estate has announced a series of executive hires and promotions as part of a strategy to strengthen its debt business.
Transactions | Mar 22, 2022 Temasek-linked consortium wins $2.9b for Singapore Press by Andrea Zander Singapore Press Holdings has approved acquisition by Cuscaden Peak, which is purchasing SPH’s non-media assets.
Investors | Mar 22, 2022 Sirius Real Estate to convert U.K. business into REIT structure by Released Sirius Real Estate has plans to convert its U.K. business to a U.K. REIT from April 1, 2022.
Investors | Mar 22, 2022 Kennedy Wilson increases European urban logistics platform by $1.5b by Andrea Zander Kennedy Wilson has plans to expand its logistics platform by an additional $1.5 billion.
Investors | Mar 22, 2022 Macomb County Retirement System puts $50m in core real estate by Kali Persall At its Feb. 17 meeting, the Macomb County (Mich.) Retirement System approved a $50 million investment split across two core real estate managers.
Investors | Mar 22, 2022 Warburg Pincus-backed NWP Property and CRE Asia establish modern logistics JV by Andrea Zander PT Nirvana Wastu Pratama, a infrastructure platform co-founded by Warburg-Pincus and led by CEO Timothy Daly; CRE Asia Pte. Ltd., a consolidated subsidiary of CRE, led by its president Tadahide Kameyama; and Bonny Setiawan, an Indonesian entrepreneur and experienced logistics professional, announced a joint venture to invest in modern, big-box logistics real estate in Indonesia.
