Newsline

Atlantic Union Bankshares Corp., the holding company for Atlantic Union Bank (the Bank), and Blackstone have closed the sale of approximately $2 billion of the Bank’s performing commercial real estate loans acquired from Sandy Spring Bank to vehicles affiliated with Blackstone Real Estate Debt Strategies (BREDS).

Deke Schultze has joined Transwestern Investment Group (TIG) as senior managing director, capital formation.

Brookfield has sold retirement living provider Aveo to The Living Company, the parent entity of Scape Australia, for A$3.85 billion ($2.51 billion).

BlueGate Boat & RV Storage has formed a $250 million joint venture with GEM Realty Capital to accelerate acquisitions and development across the United States.

JRK Property Holdings has added 684 units to its national multifamily portfolio after closing on apartment communities in Los Angeles and Washington, D.C., in separate transactions in excess of $315 million.

A real estate fund managed by Kennedy Wilson has acquired two multifamily assets.

AXA IM Alts has made senior appointments to head two key regions.

Sushil Puria has joined Sendero Capital to lead acquisitions and portfolio growth initiatives across the Northeast, Mid-Atlantic, and Southeast United States.

For players with capital, the continued dislocation and volatility in the macroeconomy is creating attractive buying opportunities in sectors less correlated to the overall economy, such as medical office, senior housing, student housing and light industrial, according to Al Rabil, CEO of Kayne Anderson and CEO and co-founder of Kayne Anderson Real Estate, in an interview.

Despite near-term challenges — high construction costs, the potential of tariffs to affect costs and import and export volumes, and a very complicated global food supply chain — the longer-term prospects for investors in cold storage real estate are positive, according to Kevin Rivest, managing partner and head of BGO’s U.S. Cold Chain Investment platform.

Southeast Asian growth markets, such as Vietnam, Thailand, Singapore, the Philippines, Malaysia and Indonesia, are exhibiting strong fundamentals particularly attractive to investors in real assets in sectors such as energy, digital infrastructure and new-economy real estate, according to a report titled, “The strong fundamentals of Southeast Asia,” by Actis’ Brian Chinappi, partner and head of real estate, and Rahul Agrawal, partner, energy infrastructure, which was published in the July/August issue of Institutional Real Estate Asia Pacific.

Core Spaces, a vertically integrated real estate developer, operator and investment manager, in partnership with Harrison Street, have announced the closing of Hub Bloomington Lincoln, a 1,492-bed purpose-built student housing community near Indiana University.

Global Student Accommodation (GSA), the global leader in student housing, and Nuveen Real Estate, one of the largest real estate investment managers in the world, on behalf of its parent company TIAA, announced the completion of the acquisition of the YouFirst Campus portfolio from Gecina, for approximately €540 million.

FPA Multifamily has acquired the Central & Southeast Connecticut Portfolio, a four-property, 693-unit multifamily portfolio spanning New Haven, Hartford and New London counties.

PRP, a national real estate investment and development firm, announced that it has officially rebranded as PRP Real Assets, reflecting the firm’s expanded strategic focus as it enters its third decade of operations.

The Indiana Public Retirement System (IPRS) has committed $75 million to Lena Specialty Grocer Fund III, a vehicle of Longpoint Partners.

Daniel Crews and Grant Leslie have been promoted into key leadership positions in the Investments Division of the Tennessee Treasury, effective June 24, 2025.

The collaboration of sustainable infrastructure investment and real estate development is undeniably powerful. Strategic placement of properties near upgraded utilities, transportation, and energy systems drives demand, while sustainable infrastructure improves long-term resilience and livability. However, much of the U.S. infrastructure is outdated, posing challenges amid growing urban populations and climate threats.

More time was perhaps the most valuable commitment many investors made to fund managers in the wake of the global financial crisis. And the need for it is firmly back for some.

We are likely at a historic moment when it comes to allocations to alternative property sectors. Interest runs high, there’s a sudden influx of investment from open-end funds with deep wells of capital, and index providers are expanding their definitions in a way that allows greater flexibility to add alternative exposure.