Newsline

The Amherst Group has received an equity investment from Koch Real Estate Investments (KREI), a subsidiary of Koch, one of the largest private companies in America, marking the latest in a series of investments that makes KREI Amherst’s largest institutional shareholder.

Real estate investment veteran Matt Ferrari has launched PXV Multifamily, a private multifamily investment and operating firm which will target a broad spectrum of assets from middle-market value-added properties to institutional quality opportunities in select key markets throughout the United States. 

Harrison Street Asset Management (HSAM) has formed a new joint venture with Oakmont Senior Living and Blue Mountain Enterprises to acquire and develop a six-property, class A senior housing portfolio across California. This relationship-driven venture brings together three leading firms with complementary expertise across investment, development and operations.

Macy’s has reached an agreement to form a venture with TMG Partners to explore the future potential of its historic Union Square property in San Francisco.

The Indiana Public Retirement System (PRS) has committed $150 million to real estate funds, according to meeting materials from Oct. 31.

The New Mexico State Investment Council (SIC) is considering a commitment of up to $200 million to Carlyle Property Investors, according to meeting materials from Oct. 28.

The Employees Retirement System of Texas (ERS) has committed $4.7 million to Madison Preferred Equity Facility, a program of Madison International Realty, according to investment correspondence on Oct. 31.

EDF Invest, the investment arm of global electricity leader Électricité de France (EDF SA), has entered into a joint venture with Savills Investment Management (Savills IM), the €26.2 billion ($30.1 billion) AUM international real estate investment manager.

The New York State Teachers Retirement System (NYSTRS) has committed $150 million to Starwood Capital alongside a $1.5 billion recommendation of its 2026 real estate pacing plan, according to meeting materials from Oct. 30.

HUMAIN, a global artificial intelligence company based in Saudi Arabia building end-to-end AI capabilities, and AirTrunk have agreed to establish a strategic partnership to build data centers in the kingdom. The initial project involves an approximately $3 billion investment for a data center campus in Saudi Arabia.

Warburg Pincus and Madison International Realty have formed a $300 million strategic investment partnership.

Alterra IOS has closed a $150 million loan facility from funds managed by Blue Owl Capital.

Centerbridge Partners and Reframe Holdings have formed a programmatic joint venture. Including leverage, the venture will be positioned to aggregate and own more than $500 million of self-storage facilities across the United States.

The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $90 million to Graceada Partners Fund IV.

The Teachers’ Retirement System of the State of Illinois (TRS) has reported a notable increase in its funded status for the fiscal year ending June 30, 2025, marking the fifth consecutive year of improvement.

The New York State Common Retirement Fund (NYSCRF) has committed $810 million to four real estate vehicles in August, according to recently released meeting materials.

The San Joaquin County (Calif.) Employees’ Retirement Association (SJCERA) has set its real estate pacing plan at $130 million for 2026, according to meeting materials from Oct. 15.

The Los Angeles Water & Power Employees’ Retirement Plan has approved a five-year extension of its contract with StepStone Real Estate for real estate consulting services, according to meeting materials.

Shallow- and mid-bay industrial assets are emerging as the quiet outperformers of the industrial real estate sector. As Craig A. Spencer, the chairman and CEO of Arden Group, explains, these infill, multi-tenant properties — typically under 250,000 square feet — serve as critical infrastructure for local service providers, regional distributors, and small businesses. Despite their essential role, the market remains highly fragmented and significantly undersupplied, creating a powerful opportunity for institutional investors who have the operational capability to aggregate and professionally manage these assets.

Avanath Capital Management has received a $75 million equity commitment to the Avanath Affordable Housing Renaissance Fund from Ballmer Group.