Transactions | Jun 14, 2024 Rockpoint sells multifamily complex in Sun Belt market by Released P.B. Bell, a Scottsdale-based developer specializing in multifamily housing communities in Arizona, and Rockpoint have sold The Landing at Fiesta Village, an upscale, garden-style, multifamily community in Mesa, Ariz.
Transactions | Jun 14, 2024 Prima Asset Management acquires prime hotel in London by Released Singapore based private equity real estate firm, Prima Asset Management announced the strategic acquisition of a rare freehold hotel in one of London’s most attractive submarkets.
Research | Jun 14, 2024 Minimal rent growth expected for U.S. multifamily market in 2024, according to Yardi by Released U.S. multifamily rent growth and occupancy have deteriorated since the 2022 peak, and the 2024 Multifamily Outlook from Yardi® Matrix anticipates further deceleration in the second half of this year.
Investors | Jun 14, 2024 Blackstone Mortgage Trust, M&T Realty Capital announce agency multifamily lending partnership by Released Blackstone Mortgage Trust and M&T Realty Capital Corp. have entered into a partnership that will establish a dedicated team to enable BXMT borrowers to access multifamily agency financing for conventional and affordable multifamily loans through M&T Realty Capital’s Fannie Mae DUS and Freddie Mac Optigo lending platforms.
Investors | Jun 14, 2024 GIC forms Australian self-storage JV with National Storage REIT by Andrea Zander Singaporean sovereign fund GIC has plans to form a joint venture with National Storage REIT, an Australia-listed REIT, to pursue the development and operation of self-storage centers in Australia, according to a stock filing.
Investors | Jun 14, 2024 Great Portland Estates raises $447m for new opportunities in central London by Andrea Zander Great Portland Estates plc has completed a Rights Issue, raising gross proceeds of £350 million ($447 million).
Fundraising | Jun 14, 2024 Brookfield Asset Management starts fundraising for emerging market clean energy fund by Released Brookfield Asset Management and Alterra Management Limited has launched its Catalytic Transition Fund (CTF) focused on directing capital into clean energy and transition assets in emerging economies.
People | Jun 14, 2024 William Huffman made CEO at Nuveen by Lewis Dayton William Huffman has been appointed chief executive officer at Nuveen, the investment manager of TIAA with $1.2 trillion in assets under management.
People | Jun 13, 2024 JLL makes several appointments to Japan data centers platform by Released JLL has appointed Fuminiro Asaki, Masue Suzuki and Andrew Dolan to its Japan data centers services platform.
Transactions | Jun 13, 2024 Macquarie Data Centers starts construction of AI and cloud data center in Sydney by Released Macquarie Data Centers, part of Macquarie Technology Group, has started construction on its IC3 Super West data center after appointing prominent Australian construction company, FDC Construction as the main building contractor.
Fundraising | Jun 13, 2024 Thompson Thrift closes multifamily development fund, raising more than $250m by Andrea Zander Thompson Thrift has closed its latest multifamily development fund. The fund, which successfully raised more than $250 million in equity commitments, will fund Thompson Thrift's development, construction and management of class A multifamily communities. The 2024 fund marks the sixth fund offered by the company.
Transactions | Jun 13, 2024 Vantage Data Centers completes $9.2b equity investment led by DigitalBridge and Silver Lake by Released Vantage Data Centers, a leading global provider of hyperscale data center campuses, has completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group.
Transactions | Jun 13, 2024 CBRE Investment Management completes new sustainable 188-bed premier inn hotel in England by Released CBRE Investment Management, on behalf of CBRE UK Property PAIF, has completed the development of a new 188-bed Premier Inn hotel in York, England. Premier Inn has signed a lease agreement for 25 years on the building.
People | Jun 13, 2024 Redevco appoints Veronica Gallo-Alvarez as head of investment management by Released Veronica Gallo-Alvarez has been named as head of investment management at Redevco.
Transactions | Jun 13, 2024 Blackstone acquires two Paris luxury boutiques for $215m by Andrea Zander Mandarin Oriental International has signed an option to sell its interests in two retail units adjoining the Mandarin Oriental, Paris, to Lavender Propco SNC, an entity controlled by Blackstone Europe, for €148 million ($215 million), according to media outlets.
Other | Jun 13, 2024 Mercer to acquire Cardano by Released Mercer has reached an agreement to acquire Cardano.Â
Transactions | Jun 12, 2024 Catella’s pan-European Fund CER III acquires student housing property in Leipzig by Released The Catella European Residential III Fund (CER III) has acquired a 177-unit, fully rented student housing development in Leipzig, Germany.
Research | Jun 12, 2024 REITs increase 4.6 percent in May by Loretta Clodfelter U.S. REITs advanced in May but remain in negative territory year-to-date.
Transactions | Jun 12, 2024 Sagard Real Estate makes first investment in partnership with state public pension plan, buys industrial property in San Diego by Andrea Zander Sagard Real Estate, formerly known as EverWest Real Estate Investors, has purchased an industrial property in the infill Miramar submarket of San Diego. This is the firm’s inaugural terms were not disclosed.
Investors | Jun 12, 2024 Nuveen secures CalPERS funding to preserve affordable housing, build resilient communities by Andrea Zander The $2.47 billion California Public Employees’ Retirement System (CalPERS) has made a $100 million investment in the Nuveen Real Estate U.S. Affordable Housing Fund, managed by Nuveen, the investment manager of TIAA.
