Fundraising | Jul 28, 2021 GLP raises $700m for third China income fund by Kali Persall GLP has closed its RMB4.5 billion ($700 million) China onshore income vehicle, GLP China Income Fund III (GLP CIF III).
Transactions | Jul 28, 2021 Boston Properties to enter the Seattle market, buys two assets for $765m by Andrea Zander In two separate deals, Boston Properties has paid $765 million for two offices.
Fundraising | Jul 27, 2021 Tikehau Capital closes second vintage of special opportunities strategy above target by Kali Persall Tikehau Capital has completed the closing of Tikehau Special Opportunities Fund II (TSO II) with €617 million ($727 million) in capital commitments, against an initial target of €500 million ($589 million).
Fundraising | Jul 27, 2021 UPDATED: LEM Capital launches new multifamily fund by Kali Persall LEM Capital has launched LEM Multifamily Fund VI. The vehicle, which opened July 9, was backed by four investors and raised $1.75 million, according to a recent filing with the SEC.
Fundraising | Jul 27, 2021 Convergence Partners to dial up digital investments in Sub-Saharan Africa by Kali Persall Convergence Partners has completed the first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF), with $120 million in capital commitments, against a target of $250 million.
Investors | Jul 27, 2021 CalSTRS records record return on investments, despite pandemic by Kali Persall The California State Teachers’ Retirement System (CalSTRS) has reported a 27.2 percent net return on investments for the 2020–2021 fiscal year, bringing the fund’s total value to $308.6 billion.
Transactions | Jul 27, 2021 New Forests acquires West Coast forestry property by Released New Forests announced it has acquired the 156,000-acre Hilt-Siskiyou Forest, a mixed-conifer forest along the California and Oregon border, from the Fruit Growers Supply Co. (FGS) alongside an institutional investor client.
Transactions | Jul 27, 2021 Yondr Group and Everstone Group announce $1b strategic partnership for data center investment by Released Yondr Group, a data center business, has formed a strategic joint venture partnership with Everstone Group. The joint venture, with an initial capitalization of $1 billion, will support hyperscale clients and service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by 2025.Â
Transactions | Jul 27, 2021 Cofinimmo enters British healthcare real estate      by Andrea Zander Cofinimmo has acquired three recent nursing and care homes in the United Kingdom for approximately £57 million (€67 million/$79 million).Â
Transactions | Jul 27, 2021 Apollo Global Management acquires The New Home Co. by Andrea Zander The New Home Co. (NWHM) and funds managed by affiliates of Apollo Global Management have entered into a definitive merger agreement pursuant to which the Apollo Funds have agreed to acquire the company in an all-cash transaction for $338 million.
Transactions | Jul 27, 2021 AEW acquires two residential developments in Spain by Andrea Zander AEWÂ has agreed, in an off-market transaction, to forward-purchase two build-to-rent (BTR) developments that will deliver 206 apartments in the growing Moreras district of Valencia, Spain, on behalf of a separate account mandate for a German pension fund.
Research | Jul 27, 2021 Industrial properties post record performance by Larry Gray Fueled by a record performance in the industrial sector, the NCREIF Property Index (NPI) registered a total return of 3.59 percent for second quarter 2021, up from 1.72 percent in the previous quarter.
Transactions | Jul 27, 2021 Barings acquires €153m London office by Released Barings has acquired a class A office building in the City of London from a German retail real estate fund managed by global real estate manager DWS for £130.5 million (€153 million/$181 million) on behalf of a core investment strategy.
Transactions | Jul 27, 2021 CBRE buys majority interest in and forms strategic partnership with Turner & Townsend by Released CBRE Group has plans to acquire a 60 percent ownership interest in, and enter into a strategic partnership with, Turner & Townsend Holdings, a U.K.-based global leader in program, project and cost management.Â
Fundraising | Jul 26, 2021 Blackstone plans launch of third Asia real estate fund by Kali Persall Blackstone Group is planning to launch its third Asia real estate fund.
Transactions | Jul 26, 2021 Keppel DC REIT makes first data center acquisition in China by Released Keppel DC REIT has entered into agreements with Guangdong Bluesea Data Development Co.
Transactions | Jul 26, 2021 Canyon Partners & PWB invest $156m in Queens multifamily development by Released The Hakimian Organization, an affiliate of HG Capital, has received a $156 million construction loan.
People | Jul 26, 2021 White Oak Global Advisors launches White Oak Real Estate Capital by Released White Oak Global Advisors has brought on Eric Tanjeloff as managing principal to lead White Oak Real Estate Capital.
Research | Jul 26, 2021 Superstore sector leverages trend of mission-driven shopping to survive COVID by Andrea Zander The superstore sector’s resilience indicates how well some retailers leveraged the trend of “mission-driven shopping."
Transactions | Jul 26, 2021 L&L and Columbia secure $1.25b in financing for redevelopment of terminal warehouse by Released L&L Holding Company and Columbia Property Trust have closed on $1.25 billion in construction financing.
