Investors | Dec 21, 2021 Tacoma Employees launches RFP for investment consultant by Kali Persall The $2.1 billion Tacoma (Wash.) Employees' Retirement System (TERS) has launched a search for an investment consultant.
IREI:LIVE – Future of logistics & retail by Andrea Zander During the Future of logistics & retail webinar in the IREI: Live series, panelists examine how logistics and retail have evolved over the past 20 years to put today's opportunities and challenges into context.
Transactions | Dec 20, 2021 Boston Properties forms JV, enters Midtown South submarket by Released Boston Properties has completed the acquisition of 360 Park Avenue South.
Transactions | Dec 20, 2021 CIM to sell entire shopping-center portfolio for $1.27b by Released CIM Real Estate Finance Trust has entered into an agreement to sell all of its shopping centers to American Finance Trust (AFIN) for $1.27 billion.
Transactions | Dec 20, 2021 Cove Property and Baupost Group makes $1b sale of Hudson Commons by Andrea Zander Cove Property Group and The Baupost Group announced the $1.033 billion sale of Hudson Commons.
Transactions | Dec 20, 2021 MV Real Estate Holdings and Driftwood Capital form JV on $185m downtown Miami project by Released MV Real Estate Holdings (MVREH) has partnered with Driftwood Capital for the Riverside Wharf, a hospitality-driven Miami entertainment complex along the historic Miami River.
Transactions | Dec 20, 2021 Blackstone to purchase Bluerock Residential Growth REIT in $3.6b deal by Andrea Zander Bluerock Residential Growth REIT has entered into a definitive agreement with affiliates of Blackstone Real Estate in an all-cash transaction valued at $3.6 billion.
Transactions | Dec 20, 2021 Foreign investor buys 100 Pearl Street in NYC by Andrea Zander GFP Real Estate and Northwind Group has sold 100 Pearl Street in New York’s Financial District to Germany-based Commerz Real.
Investors | Dec 20, 2021 Illinois Municipal Retirement Fund re-ups in Ares’ latest European real estate fund by Kali Persall The Illinois Municipal Retirement Fund (IMRF) has approved a commitment of as much as €50 million ($56.2 million) to a real estate fund.
Transactions | Dec 20, 2021 KREST makes first acquisition of core healthcare real estate assets by Andrea Zander KKR Real Estate Select Trust I, a subsidiary of KKR, has acquired a portfolio of core medical office buildings and ambulatory surgery centers located in seven Sun Belt states.
Transactions | Dec 20, 2021 German investor with Bell Partners purchases Dallas multifamily community by Andrea Zander Bell Partners has acquired Routh Street Flats.
Fundraising | Dec 20, 2021 Lone Star Funds launches new investment vehicle by Andrea Zander Dallas-based Lone Star Funds has launched a new vehicle to invest in U.S. single-family residential mortgage loans, according to an SEC filing dated Dec. 17.
Investors | Dec 20, 2021 Bridge Industrial and CPP Investments form $1.1b JV for build-to-core industrial assets by Andrea Zander Bridge Industrial, a privately owned, vertically integrated real estate operating company and investment manager, and Canada Pension Plan Investment Board (CPP Investments) have formed a joint venture to develop industrial properties in several core markets across the United States.
Transactions | Dec 20, 2021 Riverside and Convexity form venture with Canyon Partners by Released Riverside Investment & Development Company and Convexity Properties have formed a joint venture with Canyon Partners Real Estate.
IREI Webinar: NFI-ODCE Index – Third Quarter Update by Andrea Zander Geoffrey Dohrmann, executive chairman and CEO of Institutional Real Estate, Inc., and Garrett Zdolshek, portfolio manager of Investors Diversified Realty, discuss the most recent quarterly return of the NFI-ODCE Index, which was the highest in the history of the benchmark (since first quarter 1978).
Transactions | Dec 17, 2021 ARA-managed fund acquires London’s Marble Arch Place €330m by Andrea Zander ARA Asset Management Limited’s Korea subsidiary has completed the acquisition of the iconic Marble Arch Place.
Fundraising | Dec 17, 2021 Brookfield secures $4b for flagship real estate debt fund by Kali Persall Brookfield has closed its latest flagship real estate debt fund, Brookfield Real Estate Finance Fund VI (BREF VI), with more than $4 billion of equity commitments, surpassing its initial target of $3 billion.
Fundraising | Dec 17, 2021 GLP and partners establish logistics fund in China by Kali Persall Singapore-based GLP has set up a new logistics fund in partnership with state-owned insurer, China Life and agricultural-product producer China Co-Op Group, according to reports.
Transactions | Dec 17, 2021 Harrison Street announces P3 with U.S. Air Force by Kali Persall Harrison Street has acquired a long-term public-private partnership (P3) with the U.S. Air Force on behalf of its social-infrastructure strategy.
Investors | Dec 17, 2021 TPG files IPO paperwork by Andrea Zander Private equity firm TPG has submitted paperwork for an initial public offering in the United States. It listed an offer size of $100 million in an S-1 filing.
