Newsline

Digital Core REIT, a pure-play data center REIT listed in Singapore and sponsored by Digital Realty, has reached an agreement to sell interests in three North American assets and redeploy the proceeds to acquire partial interests in one data center in Singapore, one data center in Osaka, Japan, pay down debt, and repurchase units on the open market.

Rayonier has completed two strategic timberland transactions with Resource Management Service, LLC (RMS), further advancing the company’s portfolio optimization strategy.

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has acquired an 860,100-square-foot, rail-served logistics asset in Fort Worth, Texas.

ESR, an Asia Pacific focused real asset owner and manager, Indonesia Investment Authority (INA), and other capital partners are jointly investing in the development of two institutional-grade logistics facilities in Cikarang, Greater Jakarta, Indonesia.

Savills Korea has successfully completed its exclusive sales advisory mandate for Gangnam 358 Tower, a prime office asset located Seoul’s Gangnam Business District (GBD).

mBank and PGGM have entered into a credit risk sharing transaction referencing a €1.1 billion ($1.3 billion) portfolio of commercial real estate loans in Poland, with PGGM investing in 80 percent of the outstanding tranche as an anchor investor.

Warburg Pincus has joined SC Capital Partners in pursuing a potential acquisition of data center operator Global Switch Holdings in a deal that could value the company at $6 billion to $7 billion, including debt, according to multiple media outlets.

Lendlease’s Australian Prime Property Fund Retail (APPF Retail) has exchanged contracts for the sale of its 50 percent interests in Lakeside Joondalup and Westfield Carindale to Cbus Property for approximately A$1.3 billion ($Tk billion).

TPG Mortgage Investment Trust has entered into a definitive agreement to acquire Cherry Hill Mortgage Investment Corp., creating a combined residential mortgage investment portfolio of approximately $9 billion.

Trinity Investments has entered into a definitive agreement to sell the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties.

The Minto Group and Crestpoint Real Estate Investments have completed the previously announced arrangement agreement to acquire Minto Apartment Real Estate Investment Trust in a transformative transaction representing an enterprise value of approximately C$2.3 billion ($tk billion).

TPG’s TPG AG U.S. Real Estate platform has acquired a 53-building industrial portfolio for $628 million in a transaction sourced and led by Redfearn Capital.

Affinius Capital and Macquarie Capital Principal Finance have jointly provided a €182 million ($210 million) preferred equity commitment to support a high-quality build-to-rent portfolio in Dublin.

Border to Coast Pensions Partnership has agreed, on behalf of its Partner Funds, to purchase a portfolio of 866 single-family homes from Leaf Living, a provider of single-family homes in the United Kingdom founded by Blackstone and Regis.

Meridia has completed the acquisition of a recently delivered purpose-built flex living asset in Carabanchel, Madrid.

Cabot Properties has sold an eight-building modern industrial portfolio totaling approximately 2.4 million square feet across Dallas-Fort Worth and Houston, Texas. The portfolio was acquired by a private real estate investment firm.

RXR, together with Halpern Real Estate Investments, Korman Communities and Invent Development Partners, have secured $125 million in construction financing for AVE Station House.

Oxford Properties Group is seeking a capital partner to invest approximately A$500 million ($325 million) in two completed build-to-rent apartment properties in Australia, according to The Australian.

Eldridge Capital Management has announced a $278 million loan to refinance Ten Twenty Spring, a premier office building in Atlanta, owned by Portman and funds affiliated with Blackstone Real Estate.

Zenith Industrial Outdoor Storage, in partnership with institutional investors advised by J.P. Morgan Asset Management, has closed a $215 million senior secured credit facility, with an accordion feature allowing for total commitments up to $500 million.