Research | Jul 13, 2018 Protection against a global financial crisis-style downturn may be excessively cautious by Marek Handzel PGIM Real Estate has said that protecting real estate assets against a global financial crisis-style downturn may be an excessively cautious strategy for investors to pursue.
Research | Jul 13, 2018 Opportunities emerge in European extended stay market by Marek Handzel Residential developers and investors looking at the European extended-stay market should be buoyed by good prospects for growth, according to bulwiengesa and Union Investment.
Research | Jul 13, 2018 Investors to increase investments to data centers in 2018 by Andrea Zander The average data center investment in North America during 2017 was more than $541 million, including entity-level transactions, according to CBRE Research’s 2018 Data Center Sentiment Survey.
People | Jul 13, 2018 New York REIT CEO resigns, sells final asset by Andrea Zander Wendy Silverstein, CEO of New York REIT, has plans to step down as CEO, president, member of the board of directors and as an officer or manager of all NYRT's subsidiaries and affiliated entities.
Fundraising | Jul 12, 2018 LCS closes $300m equity senior housing programmatic JV by Released LCS has closed its $300 million equity senior housing programmatic joint venture.
Investors | Jul 12, 2018 CalPERS reports preliminary 8.6% investment return for FY 2017–2018 by Jody Barhanovich The California Public Employees’ Retirement System has reported a preliminary 8.6 percent net return on investments for the 12-month period that ended June 30, 2018.
Transactions | Jul 12, 2018 Nomura Real Estate to buy U.K. property fund manager by Andrea Zander Nomura Real Estate Holdings, a publicly listed Japanese real estate business, has taken a 75 percent stake in Lothbury Investment Management Group (LIM), a U.K. real estate investment manager, marking its first overseas acquisition.
Investors | Jul 12, 2018 CPPIB and Longfor Group form $817m Chinese rental housing investment by Andrea Zander Canada Pension Plan Investment Board and Longfor Group have expanded their relationship to launch a new investment cooperation that will focus on rental housing programs in China.
People | Jul 12, 2018 Former Google executive joins JLL as chief digital product officer by Released Former Google executive Vinay Goel has joined JLL as its chief digital product officer, reinforcing the company’s position as the digital leader in corporate real estate.
Investors | Jul 12, 2018 Florida pension fund commits $8m to woodlands fund by Jody Barhanovich The $618 million Pembroke Pines (Fla.) Firefighters & Police Officers Pension Fund has committed $8 million to a woodlands fund.
Fundraising | Jul 12, 2018 Canyon Partners holds $450m final close on debt fund by Jody Barhanovich Canyon Partners, a global alternative asset management firm, has held a $450 million final close on a real estate debt vehicle.
Research | Jul 12, 2018 REIT returns more than double the S&P 500 in Q2 2018 by Jody Barhanovich REITs outperformed the broader equity market in second quarter 2018 and the month of June, Nareit reported.
Fundraising | Jul 12, 2018 Tunstall expands its European lending strategy to include eight further territories by Released Tunstall Real Estate Asset Management has expanded the investment criteria for its debt fund DPO Fund 1, its first European debt strategy which was launched in July 2017 with capital to invest of up to €130 million ($152 million).
Transactions | Jul 12, 2018 AXA Investment Managers – Real Assets and Irish JV partner Kennedy Wilson sign acquisition of Dublin residential development for €161m by Released AXA Investment Managers – Real Assets, on behalf of clients and alongside its 50/50 Irish PRS joint venture partner Kennedy Wilson, has acquired 274 residential units at The Grange, South Co. Dublin, as well as an adjacent four-acre PRS development site for €161 million ($188 million).
Research | Jul 12, 2018 Australian core funds see 12-month double-digit total returns by Andrea Zander Core funds in Australia saw a total return of 11.75 percent from July 2017 to June 2018, further illustrating the strong performance of nonlisted real estate investment vehicles in the Australian market, according to the latest ANREV Australia Core Open End Fund Monthly Fund Index (ACOE).
Transactions | Jul 11, 2018 Blackstone to acquire San Antonio hotel by Andrea Zander Blackstone is in talks to acquire JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, according to local media outlets.
Transactions | Jul 11, 2018 Colony Industrial enters Northern New Jersey by Released Colony Industrial has acquired a portfolio of properties in Northern New Jersey and added new properties in Baltimore and San Antonio, increasing its industrial portfolio by 1.1 million square feet.
Investors | Jul 11, 2018 Oxford Properties invest in Get Living by Andrea Zander Oxford Properties, the global real estate arm of Ontario Municipal Employees Retirement System, has invested in Get Living, a U.K.-based privately backed residential company.
People | Jul 11, 2018 Russell Read resigns as CIO of Alaska Permanent Fund by Jody Barhanovich Russell Read, CFA, Ph.D., has resigned from his position as chief investment officer for the Alaska Permanent Fund Corp.
Transactions | Jul 11, 2018 TLG Investment Partners, Concord Wilshire acquire Phoenix hotel for $255m by Andrea Zander TLG Investment Partners and Concord Wilshire Capital have acquired the Sheraton Grand Hotel located in Phoenix for $255 million through an affiliate of TLG Phoenix.
