Fundraising | Jun 25, 2018 ALTO raises $110m for third value-add retail fund by Jody Barhanovich ALTO Real Estate Funds, a boutique investment company, has raised $110 million for its third value-add retail fund.
Transactions | Jun 25, 2018 Hispania to accept Blackstone’s €2b offer by Andrea Zander Spanish REIT Hispania Activos Inmobiliarios has agreed to be bought by Blackstone Group for €2 billion ($2.3 billion).
Investors | Jun 25, 2018 Allianz invests €400m in London student housing platform by Andrea Zander Greystar Real Estate Partners, PSP Investments and Allianz Real Estate have formed a joint venture to grow Chapter, London’s leading student accommodation brand.
Transactions | Jun 25, 2018 Vesteda acquires €1.5b Dutch residential portfolio by Andrea Zander NN Group has sold a Dutch residential real estate portfolio of 6,777 units for a total consideration of approximately €1.5 billion ($1.8 billion).
Transactions | Jun 25, 2018 CBRE Global Investors Fund acquires waterfront office tower in Oakland by Released The CBRE Strategic Partners U.S. Value 8 fund has acquired 2100 Powell in Emeryville, Calif., a 16-story, 346,025-square-foot best-in-class waterfront office tower with a four-level parking garage.
Transactions | Jun 25, 2018 Greystar Realty Partners to acquire Education Realty Trust for $4.6b by Andrea Zander Greystar Student Housing Growth and Income Fund (GEdR), Greystar Realty Partners’ newly formed perpetual-life vehicle, has agreed to acquire Education Realty Trust for $4.6 billion.
Transactions | Jun 25, 2018 Warburg-HIH Invest acquires five nondiscretionary retailers by Released Warburg-HIH Invest has acquired a portfolio of five local convenience centers with a gross lettable area of approximately 463,000 square feet for its “Perspektive Einzelhandel: Fokus Nahversorgung” investment fund.
Investors | Jun 22, 2018 Los Angeles approves PPP for $950m civic center by Jody Barhanovich The City of Los Angeles’ Municipal Facilities Committee has recommended a public-private partnership (PPP) for the development of a new civic center.
Fundraising | Jun 22, 2018 FPA Multifamily holds $703.25m final close for core-plus fund by Jody Barhanovich FPA Multifamily, a vertically integrated, principal investment organization based in San Francisco, has held a $703.25 million final close for its fourth core-plus real estate fund.
Fundraising | Jun 22, 2018 Titan Development reaches $100m mark for real estate fund by Jody Barhanovich Titan Fund Management, a vertically integrated real estate developer, has raised $100 million for Titan Development Real Estate Fund I.
Transactions | Jun 22, 2018 EPISO 3 sells mixed-use property in U.K. by Jody Barhanovich Tristan Capital Partner’s European Property Investors Special Opportunities 3 Fund has completed the sale of The Cube, a mixed-use building located in the city center of Birmingham, England.
Investors | Jun 22, 2018 Ohio BWC commits $125m to core-plus, open-end real estate funds by Jody Barhanovich Ohio Bureau of Workers Compensation Board has committed a total of $125 million to four core-plus real estate funds.
Transactions | Jun 21, 2018 CBRE Global Investors acquires newly delivered office tower in Charlotte by Released CBRE Global Investors has acquired 615 South College, a 18-story property is located at the center of Uptown’s Stonewall Corridor in Charlotte.
Fundraising | Jun 21, 2018 BrickVest holds first close of Harvest Investment 5 by Andrea Zander BrickVest, a London-based online AIFM real estate platform, has held the first closing of Harvest Investment 5 (HV5), a BrickVest-managed real estate alternative investment fund focused on Swiss income-producing real estate investment opportunities.
Transactions | Jun 21, 2018 Brookfield bids for Australian retirement community company by Andrea Zander Canadian firm Brookfield Property Group, a unit of Brookfield Asset Management, has launched a C$685 million ($515 million) bid for Australian retirement village owner Gateway Lifestyle Group.
Fundraising | Jun 21, 2018 Palatine Capital Partners launches new real estate fund by Jody Barhanovich Palatine Capital Partners, a principal investment firm based in New York City that focuses on small and mid-cap real estate assets, has launched a new real estate fund.
Transactions | Jun 21, 2018 Finnish investor JV with New York Life acquires seventh asset by Jody Barhanovich Finland-based pensions insurer Ilmarinen Mutual Pension Insurance Co. has invested in an office property in Phoenix. This marks Ilmarinen’s seventh co-investment with New York Life Insurance Co.
People | Jun 21, 2018 Cromwell EREIT Management CEO steps down by Andrea Zander Philip Levinson has resigned as CEO and executive director of Cromwell EREIT Management, effective Aug. 31.
Transactions | Jun 21, 2018 Oxford Properties sells French portfolio stake to JP Morgan fund for €800m by Andrea Zander Oxford Properties Group has sold a 49.9 percent stake in its French portfolio.
