People | Apr 6, 2022 Tim Siegman joins TruAmerica Mulitfamily as CFO by Released Tim Siegman has joined TruAmerica Multifamily as CFO.
Transactions | Apr 6, 2022 Nuveen continues expansion and diversification of its Asia Pacific Cities portfolio by Released The Asia Pacific Cities Fund (APCF), a part of Nuveen’s Global Resilient Cities series, has acquired a data center in Hong Kong, the fund’s first investment in the city, and three multifamily properties in Osaka, Japan.
Research | Apr 6, 2022 U.S. industrial vacancy reaches new all-time low at 3.3% by Released The strong demand for U.S. industrial space has pushed vacancy to an all-time low of 3.3 percent, and increased rental rates 15.2 percent year-over-year (YOY), according to Cushman & Wakefield in its first quarter 2022 U.S. industrial statistics.
Transactions | Apr 6, 2022 Savills IM U.K. Value Boxes Fund deploys €84m following launch in October by Released Savills Investment Management has announced that its U.K. Value Boxes Fund (UKVB) has deployed £75 million (€84 million/$49.05 million) with the closing of its first four assets across the United Kingdom since its launch in October 2021.
People | Apr 6, 2022 PS Business Parks names new president and CEO by Released Stephen Wilson has been appointed president and CEO at PS Business Parks.
Fundraising | Apr 6, 2022 Actis Asia Real Estate 2 wraps up fundraising at $700m by Kali Persall Actis has wrapped up fundraising for its Actis Asia Real Estate 2 (AARE2) vehicle, raising $700 million of LP fund and co-investment commitments.
Investors | Apr 6, 2022 GPT, QuadReal expands Australian JV to $1.5b by Andrea Zander The GPT Group and QuadReal Property Group have expanded their 50-50 joint venture to A$2 billion ($1.51 billion).
Investors | Apr 5, 2022 Creation RE and J.P. Morgan form $1b JV by Andrea Zander Creation RE and institutional investors advised by J.P. Morgan Global Alternatives have formed a joint venture that will invest $1 billion in industrial, warehouse and logistics real estate projects across four states.
Transactions | Apr 5, 2022 Macy’s to build $584m fulfillment center in North Carolina by Released Macy’s has plans to open a new fulfillment center in China Grove, N.C., in 2024 to meet the growing demands of its omnichannel business.
Transactions | Apr 5, 2022 Camden Property Trust completes $2.1b acquisition of fund partnership interests by Andrea Zander Camden Property Trust announced the acquisition of all outstanding partnership interests in its two discretionary investment funds from Teacher Retirement System of Texas.
Transactions | Apr 5, 2022 Hines to build 1,400 apartments in three neighborhoods in Milan by Released Hines continues its focus on the living sector in Milan with three investments in the Milano Lambrate, Navigli and Bocconi areas to build 1,400 new sustainable rental apartments, in partnership with PGGM, the Dutch pension fund manager.Â
Research | Apr 5, 2022 REITs reverse course in March by Loretta Clodfelter U.S. REITs advanced 6.5 percent in March, as tracked by the FTSE Nareit Equity REITs Index, after declining in January and February, and achieved a quarterly return of approximately –3.9 percent.
Investors | Apr 5, 2022 Veleta Capital and Oaktree form JV by Andrea Zander Veleta Capital and funds managed by Oaktree Capital Management have formed a strategic joint venture.
Investors | Apr 5, 2022 District of Columbia Retirement Board slates €70m for Aermont Capital Real Estate Fund V by Kali Persall The District of Columbia Retirement Board has approved a re-up commitment of up to €70 million a European real estate fund.
Investors | Apr 5, 2022 First Washington Realty acquires Donahue Schriber by Andrea Zander First Washington Realty (FWR), announced that an affiliate of FWR has acquired Donahue Schriber Realty Group (DSRG) from institutional investors advised by J.P. Morgan Global Alternatives.
Fundraising | Apr 5, 2022 Boston Financial raises $290m for affordable housing by Kali Persall Boston Financial Investment Management has closed its Boston Financial Institutional Tax Credits 56 Limited Partnership (ITC 56), a $290 million low-income housing tax credit fund.
Fundraising | Apr 5, 2022 GI Real Estate Essential Tech + Science Fund completes $1.45b initial fundraise by Kali Persall GI Partners has closed its initial fundraising period for the firm's newest vehicle and first commingled real estate fund, the GI Real Estate Essential Tech + Science Fund (ETS Fund).
Transactions | Apr 5, 2022 CapitaLand Development pays $551m for two prime residential sites by Andrea Zander CapitaLand Development (CLD), the development arm of CapitaLand Group, has been awarded two prime residential sites in China, one each in the cities of Wuhan and Chengdu, at a total price of RMB3.49 billion ($551 million).
Transactions | Apr 5, 2022 ESR accelerating data center efforts with 20MW new development in West Tokyo by Released ESR Cayman has acquired a key data center asset in Higashi Kurume, which is in the Mitaka area of Tokyo.
Investors | Apr 5, 2022 Taurus and Kayne Anderson Real Estate form JV to acquire 1,020-unit multifamily property in Boston by Released Taurus Investment Holdings and Kayne Anderson Real Estate have formed a joint venture to acquire Halstead Framingham.
