Transactions | Nov 2, 2021 BlackRock forms childcare JV with Federation by Andrea Zander Australia’s Federation Asset Management has formed a A$600 million ($453 million) joint venture with BlackRock Real Assets.
Transactions | Nov 2, 2021 Ingenia has plans to acquire 20 communities and development sites in Australia by Released Ingenia Communities Group has announced a 1 for 4.24 accelerated non-renounceable entitlement offer to existing securityholders to raise approximately A$475 million ($354 million) in equity.
People | Nov 2, 2021 Blackstone hires Ryusuke Shigetomi to support the firm’s expansion in Japan by Andrea Zander Ryusuke Shigetomi will join Blackstone as chairman and representative director of Japan to support the firm’s continued growth in the market.
Transactions | Nov 2, 2021 Decron Properties acquires multifamily community in Phoenix for $125m by Released Decron Properties has purchased Avery on the Green, a 324-unit multifamily property in the Phoenix submarket of Chandler, Ariz., for $125.25 million.
Transactions | Nov 2, 2021 Fifteen Group JV sells Orlando apartment for $107m by Released A joint venture between affiliates of Miami-based Fifteen Group and Meritage Group LP has completed the sale of Patterson Court Apartments in Orlando.
Transactions | Nov 2, 2021 CBRE completes acquisition of majority interest in and strategic partnership with Turner & Townsend by Released CBRE Group and Turner & Townsend Holdings have completed their previously announced transaction.
Transactions | Nov 2, 2021 Kennedy Wilson and Goldman Sachs acquire apartment community in Denver for $95m by Released Kennedy Wilson and the real estate business within Goldman Sachs Asset Management have acquired Arista Uptown.
Transactions | Nov 2, 2021 CBL Properties exits Chapter 11 by Released CBL Properties announced that it successfully completed its Chapter 11 reorganization.
Fundraising | Nov 2, 2021 Open-end UBS fund reaches $135.8m in commitments by Kali Persall UBS Asset Management (UBS AM) Real Estate & Private Markets (REPM) has raised $135.8 million for its core, open-end U.K. diversified fund
Transactions | Nov 2, 2021 EXCLUSIVE — Harrison Street and fifteenfortyseven acquire four data center facilities in U.S. by Kali Persall A joint venture consisting of Harrison Street Real Estate Capital and fifteenfortyseven Critical Systems Realty (1547), an owner, developer and operator of data centers, has acquired a portfolio of four facilities in Illinois, New York state and Wyoming from CIM Group.
Fundraising | Nov 2, 2021 TA Realty Logistics Fund at $600m in capital commitments by Kali Persall TA Realty Logistics Fund, managed by TA Realty, has secured approximately $600 million in capital commitments, IREI has learned.
Fundraising | Nov 2, 2021 BlackRock closes Climate Finance Partnership fund at $673m by Kali Persall BlackRock has raised $673 million for its Climate Finance Partnership (CFP) with the help of a global consortium of 22 investors, exceeding its target of $500 million.
Transactions | Nov 2, 2021 Lincoln Avenue Capital acquires majority stake in HPET by Released Lincoln Avenue Capital as signed an agreement to acquire the majority stake in a social purpose real estate investment fund.
Fundraising | Nov 2, 2021 Bow River Capital surpasses $450m for third fund by Kali Persall Bow River Capital has closed its latest real estate fund.
Transactions | Nov 2, 2021 Unibail-Rodamco-Westfield partners with AXA IM Alts to develop Triangle Tower project in Paris by Released Unibail-Rodamco-Westfield has signed a co-investment partnership with AXA IM Alts.
The view from Tokyo: What investors interested in Japan can expect post-COVID and post-Olympics by Kenneth Fridley How has the COVID pandemic affected property markets in Tokyo, and how will the “new world economy” impact these markets? Undoubtedly, remote working, flexible schedules and decentralization will affect all property sectors. The question remains, to what degree?
What Australia’s urban industrial sector has to offer investors by Tim Nation Institutional demand for the logistics sector is a global phenomenon that has been turbo-charged by a worldwide pandemic and its acceleration of some pre-existing trends. Australia is no exception, as global capital seeks access to what has historically been a tightly held sector until more recently, with many new entrants making a splash.
The need for unified ESG standards by Benjamin Cole In the property world, concerns surrounding environmental, social and governance issues, or ESG, have been mounting for decades, as the topic of global warming has graduated from physical science journals to headlines. With the COVID-19 pandemic, additional concerns have been placed before building owners regarding sanitation, air quality and public safety.
Investors | Nov 1, 2021 TRS Illinois announces $360m in new commitments by Kali Persall The Teachers’ Retirement System (TRS) of Illinois has unveiled several commitments on behalf of its $9.6 billion real assets portfolio.
Investors | Nov 1, 2021 New York State Teachers to make $300m re-up in Prima Separate Account by Kali Persall New York State Teachers' Retirement System (NYSTRS) has approved a $300 million additional commitment.
