Investors | Sep 6, 2017 Houston Firefighters commits $25m to industrial fund by Jody Barhanovich The $4 billion Houston Firefighters’ Relief and Retirement Fund has committed $25 million to a value-added real estate fund.
Fundraising | Sep 6, 2017 Stoltz Real Estate Partners raises $115m for fund by Jody Barhanovich Stoltz Real Estate Partners has raised $115 million for its sixth real estate fund.
Transactions | Sep 6, 2017 Maryland resort sells for $1.2b by Andrea Waitrovich MGM Growth Properties has purchased the MGM National Harbor casino resort in Oxon Hill, Md.
Investors | Sep 6, 2017 Colliers International Group expands in Japan by Released Colliers International Group has commenced company-owned operations in Japan.
Investors | Sep 6, 2017 Texas ERS decreases assumed rate of return to 7.5% by Jody Barhanovich Employees Retirement System of Texas Board of Trustees has decreased its assumed rate of return on investment of the ERS Retirement Trust Fund.
People | Sep 6, 2017 Partners Group expands Asian private real estate leadership team with managing director role by Released Partners Group has appointed Rahul Ghai as a managing director.
Investors | Sep 6, 2017 Mirae sets up $500m India realty investment unit by Andrea Waitrovich South Korea–based Mirae Asset Global Investments Co. has plans to enter India’s real estate sector.
People | Sep 6, 2017 Former GIC VP to manage A$3.5b office fund by Andrea Waitrovich Matthew Brown has been appointed to manage Charter Hall’s Prime Office Fund.
Transactions | Sep 5, 2017 Ventas sells 22 skilled nursing facilities by Released Ventas has completed the initial phase of its sale of 36 skilled nursing facilities that are presently operated by Kindred Healthcare.
People | Sep 5, 2017 Russell Investments names new CEO by Andrea Waitrovich Russell Investments has named Michelle Seitz as the firm’s new CEO.
Transactions | Sep 5, 2017 Amsterdam sustainable mixed-use project sells for €300m by Andrea Waitrovich Sustainable office developer OVG Real Estate has sold its mixed-use development in Amsterdam for €300 million ($360 million).
Research | Sep 5, 2017 REITs rise 0.6% in August by Loretta Clodfelter U.S. REIT returns were 0.64 percent for the FTSE NAREIT All Equity REITs Index in August, following a return of 1.3 percent in July. Year-to-date, the index is up 6.9 percent.
Transactions | Sep 5, 2017 Invesco Real Estate completes €530m hotel portfolio deal by Andrea Waitrovich Invesco Real Estate has closed on the acquisition of a €530 million ($633 million) pan-European hotel portfolio.
Transactions | Sep 5, 2017 Aon Group to acquire Townsend Group for $475m by Andrea Waitrovich London-based Aon will acquire Cleveland-based real estate consulting firm The Townsend Group.
Transactions | Sep 5, 2017 Japanese investor buys major stake in $3.6b Hudson Yards Tower by Andrea Waitrovich Japanese property developer Mitsui Fudosan Co. has plans to purchase a 90 percent stake in an office tower development located in Manhattan from Related Cos. and Oxford Properties Group.