Investors | Sep 11, 2018 Texas ERS commits $165m to two real estate funds by Jody Barhanovich The $28.5 billion Employees Retirement System of Texas has committed $165 million to two real estate funds.
Research | Sep 11, 2018 European real estate sector achieves 5.6% reduction in greenhouse gas emissions in 2018 by Andrea Zander In 2018, GRESB scored and benchmarked the environmental, social and governance (ESG) performance of 432 European real estate funds and companies on behalf of 75 institutional investors. The data covers 78 percent of the listed real estate market in the region by market cap.
Transactions | Sep 10, 2018 Highland Capital plans to acquire $300m single-family rental home portfolio by Andrea Zander Highland Capital Management is under contract to buy a portfolio of single-family rental homes from Magnetar Capital.
People | Sep 10, 2018 M&G Real Estate announces further European expansion with new appointments in Italy and Spain by Released M&G Real Estate has announced its first appointment in Italy and its second in Spain in a further step to drive ongoing expansion in Europe.
People | Sep 10, 2018 NAREIM appoints Zoe Hughes as CEO by Released The National Association of Real Estate Investment Managers (NAREIM) has appointed Zoe Hughes as CEO.
Investors | Sep 10, 2018 Illinois Municipal commits to two open-end real estate funds by Jody Barhanovich The $41.3 billion Illinois Municipal Retirement Fund has committed to two real estate funds, according to investment news on the pension fund’s website.
Transactions | Sep 10, 2018 CBRE Global, Madison International acquire Spanish residential portfolio for €870m by Andrea Zander CBRE Global Investment Partners (CBRE GIP) and Madison International Realty have acquired 6,458-unit portfolio of Spanish residential properties valued at €870 million ($1.01 billion).
Research | Sep 10, 2018 Investors’ interest in secondary and tertiary apartment markets increases by Jody Barhanovich Due to limited inventory in primary markets and growing demand for rentals in smaller markets, capital has moved to tertiary markets for elevated yields, according to Marcus & Millichap’s Midyear 2018 Apartment Outlook report
People | Sep 10, 2018 Julie Butticarlo joins Westmount Realty Capital as director – asset management by Released Westmount Realty Capital, a commercial real estate development and investment management company, has announced that Julie Butticarlo has joined the company as director – asset management.
Fundraising | Sep 10, 2018 Centurion Corp. to increase U.K. PBSA investments by Andrea Zander Singapore-based Centurion Corp. has plans to increase its U.K. purpose-built student accommodation (PBSA) portfolio with the launch of a second student accommodation private fund.
Transactions | Sep 10, 2018 Blackstone prepares €3b bid for Santander’s Madrid HQ by Andrea Zander Blackstone Group has placed a bid for the Financial City of Santander, its Madrid headquarters, for more than €3 billion ($3.5 billion).
Investors | Sep 10, 2018 City of Fresno, Calif., commits $50m to Brookfield strategic fund by Jody Barhanovich The City of Fresno (Calif.) Retirement Systems has committed $50 million to a fund managed by Brookfield Asset Management.
Transactions | Sep 10, 2018 SEGRO buys Roxhill management vehicle by Andrea Zander SEGRO, a U.K.-based real estate investment trust, has plans to buy the management platform of Roxhill Management Rugby.
Research | Sep 10, 2018 Smart-building technology may transform real estate industry by Loretta Clodfelter Smart-building technology — hardware or software deployed in a building to improve tenant experience or operations management — is poised to transform the commercial real estate industry.
Transactions | Sep 10, 2018 Blackstone and Telereal buy Network Rail’s commercial properties for £1.46b by Andrea Zander Blackstone Property Partners and Telereal Trillium have partnered to buy Network Rail’s portfolio of around 5,200 properties for £1.46 billion ($1.9 billion).
Research | Sep 7, 2018 European listed market to double to €500b within next five years by Marek Handzel Accelerating investment flows into alternative property sectors will result in a doubling in the size of the FTSE EPRA Nareit Developed Europe listed real estate index to €500 billion within the next five years, according to Kempen.
Transactions | Sep 7, 2018 Nuveen Global Cities REIT diversifies portfolio with new investments in North America and Europe by Released Nuveen Global Cities REIT acquired several properties in North America and funded an investment in a vehicle that will provide investors exposure to commercial real estate property in select European cities.
Transactions | Sep 7, 2018 Singapore’s Ascendas-Singbridge enters U.S. property market by Andrea Zander Ascendas-Singbridge Group has entered the U.S. market by acquiring a portfolio of 33 high-quality office properties.
Investors | Sep 7, 2018 Trion Properties launches second multifamily opportunity fund by Jody Barhanovich Trion Properties, a boutique real estate firm based in Los Angeles, recently launched its second real estate fund, Trion Multifamily Opportunity Fund II.
Fundraising | Sep 7, 2018 Artemis holds $400m first close for income and growth fund by Jody Barhanovich Artemis Real Estate Partners has held a first close at $400 million for its target $750 million commingled, fully discretionary fund.
