Research | Nov 12, 2024 Self-storage industry leading charge on real estate conversions by Mike Consol Self-storage construction has surged in recent decades, but not all self-storage space comes from new construction.
Investors | Nov 12, 2024 The Public Employees Retirement Association of New Mexico commits $550m to real assets funds by Elise Mackanych The Public Employees Retirement Association of New Mexico (PERA) has committed $550 million to three real assets funds.
People | Nov 8, 2024 Alliance Global Advisors welcomes Stacy Schiffman to lead newly launched Alliance Search Partners by Released Alliance Global Advisors (Alliance), a women-owned consulting firm specializing in strategic growth solutions for real asset investment managers, announced the launch of Alliance Search Partners, created in response to strong industry demand.
Research | Nov 8, 2024 Fed continues interest-rate cuts by Jennifer Molloy The U.S. Federal Open Market Committee (FOMC) cut interest rates by an additional 25 basis points at its Nov. 7 meeting, providing it with flexibility as the labor market cools amid lower inflation, according to Barrons.
People | Nov 8, 2024 Schroders promotes Tom Darnowski to CEO Americas by Kali Persall Schroders, a global investment manager that provides active asset management, wealth management and investment solutions, has promoted Tom Darnowski to CEO Americas, starting Jan. 1.
Transactions | Nov 8, 2024 Juniper Square to acquire Forstone Luxembourg to expand global fund administration footprint by Released Juniper Square announced a definitive agreement to acquire Forstone Luxembourg, a division of Forstone Group, to expand its global fund administration and fund services footprint.
People | Nov 8, 2024 Kevin MacKenzie named president, Americas capital markets at JLL by Released JLL announced that it has named Kevin MacKenzie as president, Americas capital markets, JLL – effective Jan. 1.
Investors | Nov 8, 2024 State Board of Administration of Florida commits $150m to third WCP NewCold fund by Elise Mackanych The State Board of Administration of Florida has committed $150 million to WCP NewCold III, a vehicle of Westport Capital Partners.
Investors | Nov 8, 2024 Virginia Retirement System commits $200m to MV Real Estate SMA’s core properties fund by Elise Mackanych Virginia Retirement System (VRS) recently committed $200 million to MV Real Estate SMA I, an investment program managed by Meadow Partners.
People | Nov 7, 2024 M&G Real Estate bolsters Asia Pacific living strategy, gains $250 million mandate by Jennifer Molloy M&G Real Estate has bolstered its Asia Pacific living strategy with the promotion of David Askham to director of portfolio management, Asia Living, as well as with a $250 million commitment from M&G’s Life business.
Research | Nov 7, 2024 How a second Trump presidency may affect U.S. commercial real estate markets by Jennifer Molloy With Donald Trump’s re-election to the U.S. presidency on Nov. 5, real estate professionals must assess how Trump’s proposed economic and housing policies might shape the U.S. market to seize emerging opportunities and mitigate potential risks, according to RCLCO.
Research | Nov 7, 2024 New green finance mechanism could inject $90b into UK residential upgrades by Marek Handzel A new U.K. green finance vehicle could unlock up to £70 billion ($90.3 billion) of private investment into energy efficiency upgrades in the U.K. residential market alone, according to its would-be creators.
Transactions | Nov 7, 2024 Blackstone Real Estate to take Retail Opportunity Investments private for $4b by Released Blackstone and Retail Opportunity Investments Corp. (ROIC) announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC’s portfolio consists of 93 high-quality, grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland, Ore.
Transactions | Nov 7, 2024 Standard Communities acquires $1b affordable housing portfolio by Released Standard Communities has acquired a 100 percent affordable housing portfolio valued at more than $1 billion consisting of over 6,000 apartment homes in more than 60 communities in four states.
Transactions | Nov 7, 2024 Ardian, Rockfield complete first investment in Florence with new Pan-European student accommodation strategy by Released Ardian and Rockfield announce their first investment of their Pan-European strategy dedicated to purpose-built student accommodation (PBSA), enabled by an initial commitment from CBRE Investment Management’s Indirect Strategies (CBRE IM) and with dry powder of about €800 million ($872 million).
