Investors | Nov 5, 2021 Greater Manchester Pension Fund appoints Schroders Capital to manage €818m U.K. portfolio by Andrea Zander The Schroders Capital real estate team has been appointed by Greater Manchester Pension Fund (GMPF) to manage its diversified portfolio.
Transactions | Nov 5, 2021 Industrial Logistics Properties Trust to acquire Monmouth Real Estate Investment Corp. for $4b by Released Industrial Logistics Properties Trust (ILPT) has entered into an agreement to acquire all outstanding shares of Monmouth Real Estate Investment Corp. for $21.00 per share in an all-cash transaction, valued at approximately $4 billion.
Fundraising | Nov 4, 2021 Christina Real Estate Investors raises more than $44m for latest portfolio by Andrea Zander Christina Development Corp. held a final close for its Christina Real Estate Investors 4.
Investors | Nov 4, 2021 Patron Capital and Trei Real Estate form Polish €140 million retail JV by Andrea Zander Patron Capital and Trei Real Estate have formed a new 75-25 joint venture.
Transactions | Nov 4, 2021 IPC sells $265m self-storage sale by Released Inland Private Capital Corp. (IPC) announced the $265 million sale of a 34-property portfolio of self-storage assets.
Transactions | Nov 4, 2021 Public Storage buys All Storage’s portfolio for $1.5b by Andrea Zander Public Storage has purchased the high-quality All Storage portfolio for $1.5 billion.
Fundraising | Nov 4, 2021 RBC Canadian Core Real Estate Fund raises $450m by Kali Persall RBC Canadian Core Real Estate Fund, a fund created by RBC Global Asset Management, British Columbia Investment Management Corp. (BCI) and QuadReal Property Group, has completed a third closing.
Fundraising | Nov 4, 2021 Maverick Real Estate Partners raises $318m for latest credit fund by Kali Persall Maverick Real Estate Partners has closed its latest real estate credit fund.
Investors | Nov 4, 2021 Dallas-Fort Worth Airport Employees commits $10m to TerraCap Partners V by Kali Persall Dallas-Fort Worth Airport Employees Pension Plan has committed $10 million to TerraCap Partners V.
Research | Nov 4, 2021 Dine-in traffic remains a headwind for U.S. restaurant industry recovery by Released The U.S. restaurant industry continues to recover from last year’s steep declines, although it is not yet back to pre-pandemic levels.
Equus Capital Partners buys multifamily community in McDonough, Ga., for $63m by Released Equus Capital Partners has acquired Carmel Vista.
Brookfield completes transition of nontraded REIT from Oaktree by Released Brookfield Asset Management and Oaktree Capital Management have completed the previously announced transition.
Ready Capital announces merger transaction with MREC Management by Released Ready Capital Corp. has entered into a definitive merger agreement.
Transactions | Nov 4, 2021 Swire Properties sells Miami hotel for $174m by Released Swire Properties has completed the sale of the 352-key EAST, Miami hotel.
Ares Management and Core Spaces launch $400m student-housing partnership by Andrea Zander Ares Management and Core Spaces has formed a partnership through funds managed by the Ares Real Estate Group to acquire a portfolio of five purpose-built student-housing assets valued at more than $400 million.
The Chetrit Group receives $310m for Miami tower project by Released The Chetrit Group has received a $310 million loan from Madison Realty Capital for the first two phases of development of a 6.2-acre mixed-use site located in Brickell, Fla.
Fundraising | Nov 4, 2021 Berkshire Residential Investments closes its largest equity fund yet by Kali Persall Berkshire Residential Investments has completed fundraising of its Berkshire Value Fund V.
Transactions | Nov 3, 2021 Harrison Street forms JV with Revera by Andrea Zander Harrison Street has formed a joint venture with Revera.
Research | Nov 3, 2021 CMBS delinquency rate tumbles, biggest decline since early 2021 by Released The Trepp CMBS delinquency rate declined sharply again in October 2021.
Research | Nov 3, 2021 Manufactured Housing values pushed to record levels by Andrea Zander The unprecedented surge of investment volume in the multi-housing sector is reaching record levels and pushing valuations for manufactured housing communities (MHCs) to an all-time average high of $46,970 per pad in the second quarter of 2021.
