Investors | Aug 2, 2024 Baltimore City Fire and Police yields 9.76% return during fiscal year by Lewis Dayton The Baltimore City Fire and Police Employees’ Retirement System generated a return of 9.76 percent for the fiscal year that ended June 30, just below its 9.84 percent benchmark.
People | Aug 2, 2024 GoldenTree Asset Management hires head of real estate credit origination by Released GoldenTree Asset Management has hired Sam Friedland as principal and head of real estate credit origination, a newly created role.
Research | Aug 2, 2024 Commercial real estate values rose 1.5% in second quarter, index shows by Lewis Dayton The Green Street Commercial Property Index has revealed that commercial real estate values have turned positive in past months, reported Bluerock in its “Chart of the month”.
Investors | Aug 2, 2024 CalSTRS stresses climate disclosure with 2024 proxy season votes by Released The California State Teachers’ Retirement System — the world’s largest educator-only pension fund — focused on climate-risk disclosure during the 2024 proxy season, voting against the boards of directors at a record 2,258 companies. This is up from a then-record 2,035 companies in 2023.
Research | Aug 2, 2024 Institutional investors prefer written content in shorter reports, says Coalition Greenwich survey by Andrea Zander Institutional investors prefer written and shorter reports.
Transactions | Aug 2, 2024 Invesco Real Estate, Propel Industrial to build logistics facility near Vienna International Airport by Released Invesco Real Estate has further increased its commitment to the European logistics sector.
Transactions | Aug 2, 2024 AXA investment Managers in talks to be acquired by BNP Paribas for €5.1b by Andrea Zander The BNP Paribas Group has entered into exclusive negotiations with AXA to acquire 100 percent of AXA Investment Managers.
Transactions | Aug 1, 2024 Stonepeak forms JV with American Tower to construct new data center by Released Stonepeak has executed definitive documentation with American Tower subsidiary CoreSite to form a new joint venture (CoreSite DevCo JV) to develop, construct and operate an 18-megawatt data center (DE3) in Denver, with CoreSite operating DE3.
Investors | Aug 1, 2024 KKR reports $32b of new capital in second quarter 2024 earnings by Andrea Zander KKR & Co. has reported $32 billion of new capital in its second quarter 2024 earnings.
Investors | Aug 1, 2024 Rhode Island Pension returns 10.47% for fiscal year by Lewis Dayton The State of Rhode Island Pension Plan generated a 10.47 percent return during the fiscal year that ended June 30, 2024, outperforming its 9.61 percent strategic benchmark, according to a monthly investment report from the Rhode Island State Investment Commission.
People | Aug 1, 2024 MissionSquare Retirement appoints new CEO and president by Released MissionSquare Retirement has appointed Andre Robinson as CEO and president of the organization, effective Sept. 3, 2024.
Research | Aug 1, 2024 MSCI: European commercial real estate investment levels off in Q2 after seven quarters of declines by Released European commercial real estate investment leveled off in second quarter 2024 after seven quarters of annual declines as a rebound in deal activity for the United Kingdom and some smaller markets offset the continued weakness of the German and French markets, according to the latest Europe Capital Trends report from MSCI.
Research | Aug 1, 2024 Office market recalibration expected by 2027–2029, reports New York Life Investors by Andrea Zander The office market will likely reach recalibration — that new supply will potentially decline enough to reflect the new lowered demand reality — by 2027–2029, wrote Stewart Rubin, head of strategy and research, and senior director, and Dakota Firenze, a senior associate, strategy and research, at New York Life, in a July office report, Not Back to the Office – and Common Sense Expectations for a Recalibration.
Investors | Aug 1, 2024 Houston Police Officers returns 10.2% during fiscal year by Lewis Dayton The Houston Police Officers’ Pension System (HPOPS) generated a return of 10.2 percent for its total portfolio in the fiscal year that ended on June 30, 2024, outperforming its 9.9 percent benchmark.
Research | Aug 1, 2024 New report outlines the transformative trends shaping commercial property in Asia Pacific by Released Innovation, sustainability, diversification and strategic flexibility have emerged as the central opportunities for businesses to create value through corporate real estate in 2024, with several transformative trends shaping the sector across Asia Pacific.
Transactions | Aug 1, 2024 Ascentris, RPM Living Investments purchase multifamily building in Houston’s River Oaks submarket by Released Ascentris and RPM Living Investments, an Austin-based multifamily operator, have acquired Gables River Oaks, a 2014 vintage, 302-unit, eight-story, class A multifamily property in the River Oaks submarket of Houston.
Transactions | Jul 31, 2024 Ares Management, Lone Star partner on $970m preferred equity investment to Wembley’s Quintain by Released Funds managed by Ares Management Corp.’s Alternative Credit strategy have led a £755 million ($970 million) preferred equity commitment in Quintain, a development and asset management company which owns and manages the 85-acre Wembley Park estate in London.
Transactions | Jul 31, 2024 Parkway Life REIT acquires nursing home in Osaka, Japan by Andrea Zander Parkway Life REIT (PLife REIT) has agreed to acquire HIBISU Higashi Sumiyoshi, a nursing home property in Japan’s Osaka prefecture, for JPY2.45 billion (approximately $15.48 million), according to media outlets.
Research | Jul 31, 2024 Asia Pacific hotel transactions surge 19% in H1 2024 by Released Asia Pacific recorded $5.7 billion in hotel transactions over the first half of 2024, led by significant deals in Japan, China and Singapore, according to JLL.
Investors | Jul 31, 2024 Louisiana Firefighters yields 5.2% return for the fiscal year by Lewis Dayton The Firefighters’ Retirement System of Louisiana generated a 5.2 percent return for the fiscal year that ended June 30, slightly underperforming its 5.6 percent benchmark.
