People | Jun 27, 2024 ShopOne announces CEO transition by Released John Roche, CEO of ShopOne Centers REIT, has transitioned to the role of chairman.
People | Jun 27, 2024 Trinity Investments announces expansion of leadership team in Europe by Released Trinity Investments has expanded its leadership team in London to service opportunities in the European market.
Research | Jun 27, 2024 Self-storage asking rents continue to drop, reports Yardi Matrix by Released Current economic conditions and the impact on the real estate market continue to dampen the self-storage sector's performance, which is typically strongest at this time of year, shows the latest Self-storage National Report from Yardi Matrix.
Investors | Jun 27, 2024 New Mexico Public Employees commits $50m to Harrison Street fund by Lewis Dayton The Public Employees Retirement Association of New Mexico (PERA) has committed $50 million to Harrison Street Core Property Fund, confirmed Michael Shackelford, chief investment officer of the retirement association.
Investors | Jun 27, 2024 ADIA makes $200m commitment to Qualitas for real estate debt mandate by Released Qualitas has received a commitment of up to A$300 million ($tk million) from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the existing QDCI platform.
Investors | Jun 26, 2024 Arixa Capital expands strategic JV with Oaktree Capital Management by Released Arixa Capital has expanded its joint venture with funds managed by Oaktree Capital Management to originate senior secured loans backed by residential real estate.
Transactions | Jun 26, 2024 Skanska divests Citygate in Sweden for $238m by Released Skanska Commercial Development Nordic, a division of the construction and development company Skanska, has sold a property called Citygate in Gothenburg for approximately SEK 2.5 billion ($232.5 million).
Transactions | Jun 26, 2024 CPI Property Group sells 49% in Vulcanion for €250m by Released CPI Property Group has plans to sell its 49 percent common equity stake in Vulcanion for €250 million ($267 million) to funds managed by Sona Asset Management.
Investors | Jun 26, 2024 OlivePoint welcomes GCM Grosvenor as new strategic investor by Released OlivePoint, a private real estate investor, has announced that GCM Grosvenor, a global alternative asset management solutions provider with $79 billion of assets under management, has committed, on behalf of various U.S. Pension Plans, $50 million to OlivePoint’s latest investment fund.
Transactions | Jun 26, 2024 KKR acquires $2.1b multifamily portfolio from Quarterra by ANDREA Zander KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately $2.1 billion.
People | Jun 26, 2024 Amherst appoints Paul Nicholson as deputy CIO by Released Paul Nicholson has joined The Amherst Group as the deputy CIO, effective immediately.
Transactions | Jun 26, 2024 Japan Hotel REIT plans to acquire four assets for $350m by Andrea Zander Japan Hotel REIT plans to acquire two full-service Okinawa properties and two budget hostelries in Tokyo’s Shinjuku ward for a total of JPY 56.2 billion ($352 million), according to a release.
People | Jun 26, 2024 Maria Scherer joins Blue Vista Capital Management as general counsel by Andrea Zander Maria Scherer has joined Blue Vista Capital Management as general counsel.
Transactions | Jun 26, 2024 Blackstone Real Estate acquires Village Hotels by Released Funds managed by Blackstone Real Estate have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners.
Investors | Jun 26, 2024 Qualitas announces $365m credit mandate from new global institutional investor based in North America by Released Qualitas Limited, a Australian alternative real estate investment manager, has secured its first commitment from a North American-based global institutional investor, with A$550 million ($366 million) to be invested in commercial real estate private credit across construction loans, predevelopment land loans and investment loans.
Investors | Jun 26, 2024 Illinois Teachers commits $300m to fund managed by Starwood Capital Group by Lewis Dayton The Teachers’ Retirement System of Illinois (TRSIL) has made a commitment of $300 million to Starwood Distressed Opportunity Fund XIII Global, confirmed Janelle Gurnsey, director of public relations/executive cabinet at TRSIL.
People | Jun 26, 2024 Council of Institutional Investors selects Bob McCormick as next executive director by Released The board of directors of the Council of Institutional Investors (CII) has announced that Bob McCormick, a widely respected corporate governance expert, will succeed Amy Borrus as executive director after she retires June 30.
People | Jun 25, 2024 Cohen & Steers names new CFO by Released Raja Dakkuri has joined Cohen & Steers as executive vice president and CFO.
Transactions | Jun 25, 2024 Land Securities Group increases stake in U.K. shopping center from GIC by Andrea Zander Land Securities Group has paid £120 million (€142 million/$152 million) to increase its stake in the Kent-based Bluewater, one of the United Kingdom’s leading shopping centers.
Transactions | Jun 25, 2024 Dermody Properties, Almanac Realty Investors announce strategic minority investment by Andrea Zander Almanac Realty Investors has plans to acquire a passive, minority ownership stake in Dermody Properties. The strategic investment should provide additional resources to Dermody Properties while having no impact on the day-to-day management, operations or business decision-making process.
