Investors | Dec 22, 2020 NPS, Russell Investments partner on $1b global listed real estate mandate by Andrea Zander Russell Investments, a global investment solutions partner, has announced that South Korea’s National Pension Service (NPS) has partnered with the firm for a $1 billion global listed real estate mandate. This is the second global real estate securities mandate awarded by NPS to Russell Investments as part of their longstanding relationship.
Investors | Dec 22, 2020 GIC and ESR establish $750m Indian industrial/logistics JV by Andrea Zander GIC, Singapore’s sovereign wealth fund, and ESR Cayman, have formed an 80-20 strategic partnership to establish a $750 million joint venture to develop and acquire industrial and logistics assets in India.
Transactions | Dec 21, 2020 Monterey County 891-acre ultra-luxury residential project green lit by Released The board of supervisors of Monterey County, California held a hearing on the final approval of the ultra-luxury residential project, ONE Carmel.
Investors | Dec 21, 2020 Cottonwood launches $200m investment platform for real estate projects by Andrea Zander Cottonwood Management and BCEG International Investment-US have teamed up to create a $200 million investment platform for real estate opportunities in the United States.
Fundraising | Dec 21, 2020 New U.K. student accommodation fund closes on $81m by Kali Persall Sun Capital Assets, a wholly owned subsidiary of Metro Holdings, has launched a purpose-built student accommodation fund in the United Kingdom.
Research | Dec 21, 2020 Retail lending remains active with insurance companies and local banks by Released Various coronavirus stay-at-home orders affected retail investment sales transactions in the early days of the pandemic, but insurance companies and local bank lenders kept capital at the ready for deployment into retail.
Fundraising | Dec 21, 2020 Savanna Real Estate Fund V raises $50m by Kali Persall Savanna Real Estate Fund V, a value-add real estate fund managed by Savanna Partners, has collected $49.9 million.
Fundraising | Dec 21, 2020 Ares Real Estate Enhanced Income Fund hits $1b by Kali Persall Ares Management Corp. has collected more than $1 billion for its Real Estate Enhanced Income Fund.
Fundraising | Dec 21, 2020 Alpine Grove Partners closes €1.7b recapitalization through fund formation by Released Alpine Grove Partners has closed on a €1.7 billion ($2 billion) recapitalization through the single-asset spin out of Aurelis Real Estate GmbH & Co. into a newly formed continuation vehicle.
Transactions | Dec 21, 2020 Greystar expands BTR exposure to Australia by Andrea Zander Singapore-based Chip Eng Seng’s wholly owned subsidiary, CES Gladstone, has plans to sell a property site in South Melbourne, Australia.
Research | Dec 21, 2020 Heitman: Top-tier global hub cities continue to lead rankings by Andrea Zander Heitman announced the results of its annual real estate market rankings for its Global Prime Real Estate Securities Strategies (Prime). This year’s metro rankings were topped by London, New York and Paris.
Investors | Dec 21, 2020 Jamestown and Related form JV by Released Jamestown has sold a 50 percent stake in Boston’s Innovation and Design Building (IDB) to Related Fund Management.
Research | Dec 21, 2020 COVID vaccine and return of big-ticket deals inject confidence into London office market by Andrea Zander London’s office market is benefiting from a sharp rebound in activity during the final quarter of 2020, with pent up investor demand released as confidence in the future of the office is reinforced by the rollout of a COVID vaccine.
Transactions | Dec 21, 2020 Hines acquires prime development site in Melbourne by Released Hines has acquired one of the last remaining prime development sites, 600 Collins Street, in Melbourne’s central business district.
Transactions | Dec 21, 2020 Sealy & Co. buys 1 MSF distribution facility by Released Sealy & Co. has acquired a 1.11 million-square-foot, cross-docked distribution warehouse in the St. Louis market.
Transactions | Dec 21, 2020 Blackwells to acquire Monmouth Real Estate Investment Corp. by Released Blackwells Capital, an alternative investment management firm that is one of the largest owners of Monmouth Real Estate Investment Corp.
Investors | Dec 18, 2020 Nebraska Investment Council commits $96m to two real estate funds by Kali Persall The Nebraska Investment Council (NIC) has committed nearly $100 million to two opportunistic real estate funds.
People | Dec 18, 2020 Summit Hotel Properties names new CEO by Released Jonathan Stanner will become president and CEO of Summit Hotel Properties.
Transactions | Dec 18, 2020 Madison International Realty, Plymouth JV acquires $86m industrial portfolio by Released Plymouth MIR JV, a joint venture between affiliates of Plymouth Industrial REIT and Madison International Realty, has closed on a portfolio of infill industrial buildings in metropolitan Memphis for $86 million.
People | Dec 18, 2020 CEO of Cromwell Property Group to step down by Andrea Zander Paul Weightman, CEO of Cromwell Property Group, plans to depart the firm at the end of the year.
