Transactions | Sep 14, 2023 Grandbridge provides $426m in funding for seniors housing portfolio by Denise Moose Grandbridge Real Estate Capital’s Seniors Housing and Diversified Healthcare Finance Group has provided $426.8 million in financing for a senior housing portfolio, according to various media outlets.
Research | Sep 14, 2023 Sustainability legislation, demand push Asia’s office sector to be proactive by Lewis Dayton Sustainability legislation threatens to make many office buildings obsolete, increasing the impetus for investors to implement strategies that proactively improve their office portfolios. That is one of the main takeaways from a recent podcast by Cushman & Wakefield, titled, “Is Sustainability causing obsolescence?”
Fundraising | Sep 13, 2023 Meridia announces Meridia V fund by Lewis Dayton Meridia, the Spanish-based alternative investment manager, announced the launch of a new fund, Meridia V, after completing a first close. Meridia expects the fund to be its largest vehicle raised to date.
Fiera Real Estate announces second close of Logistics Development Fund by Lewis Dayton Fiera Real Estate UK has announced the second close of its Logistics Development Fund, having raised £225 million ($281 million) in commitments to date. The fund is seeking £300 million ($375 million) of equity from investors.
Investors | Sep 13, 2023 PGIM Real Estate provides $455m in financing for 8-building industrial portfolio by Kali Persall PGIM Real Estate has provided $455 million in fixed-rate financing on behalf of its core lending strategy to Alere Property Group for an eight-building industrial portfolio.
People | Sep 13, 2023 Hines veteran Claire Cormier Thielke takes up CIO — Asia role at Prologis by Kali Persall Claire Cormier Thielke has left her post at Hines to become chief investment officer — Asia at Prologis.
Transactions | Sep 13, 2023 Ringley Group launches Una Living platform in the U.K. by Kali Persall Ringley Group, the £8 billion ($10 billion) residential group, is launching a new operational living sector platform, known as Una Living.
Fundraising | Sep 13, 2023 Accordant launches registered interval fund for private real estate investment by Loretta Clodfelter A new venture from private wealth adviser Accordant Investments and sub-adviser IDR Investment Management will offer individual investors a registered interval fund product that tracks the performance of private real estate funds.
Transactions | Sep 13, 2023 Housing Growth Partnership invests €19m of equity to fund the delivery of 557 new homes in the Midlands by Released Housing Growth Partnership has invested £17.7 million (€19.79 million/$22.44 million) of equity across seven housing schemes in the Midlands since the start of 2023.
Investors | Sep 13, 2023 Chicago Teachers posts return of 8.68% for fiscal year by Lewis Dayton Chicago Teachers’ Pension Fund, with $11.9 billion AUM, posted a return of net 8.68 percent for the fiscal year ending June 30, performing below its benchmark of 9.53 percent.
Investors | Sep 13, 2023 LACERS posts 6.77% return for fiscal year by Lewis Dayton The $21.6 billion Los Angeles City Employees’ Retirement System returned a net 6.77 percent for the fiscal year ending on June 30, above its benchmark of 5.78 percent.
People | Sep 13, 2023 Knight Frank appoints head of international capital USA by Released Knight Frank has appointed Edward Owen as head of international capital USA.
Transactions | Sep 13, 2023 Dexus Healthcare Property Fund adds Southport Private Hospital to portfolio in Australia by Kali Persall Dexus Healthcare Property Fund (DHPF) has acquired Southport Private Hospital.
Investors | Sep 12, 2023 Harrison Street and Radnor Property Group form PPP with App State to build on campus housing by Released Harrison Street and Radnor Property Group have formed a public-private partnership (PPP) with Appalachian State University (App State).
Transactions | Sep 12, 2023 Kroger, Albertsons plan to sell 400-plus stores in connection with $24.6b merger by Andrea Zander Grocery giants Kroger and Albertsons announced their plan to sell more than 400 stores and other assets.
People | Sep 12, 2023 Julie Donegan as named CalSTRS real estate investment director by Andrea Zander The $321.3 billion California State Teachers’ Retirement System (CalSTRS) has promoted Julie Donegan to real estate investment director.
Transactions | Sep 12, 2023 Pebblebrook Hotel Trust completes $140m refinancing of Margaritaville Hollywood Beach Resort by Released Pebblebrook Hotel Trust has refinanced its mortgage loan on the 369-room Margaritaville Hollywood Beach Resort in Hollywood, Fla.
Investors | Sep 12, 2023 Wisconsin Investment Board commits $100m to industrial and logistics fund by Lewis Dayton The $151.3 billion State of Wisconsin Investment Board (SWIB) has committed $100 million to RLIF Co-Investment Fund I.
Investors | Sep 12, 2023 CalSTRS invested $1.363b in U.S.-focused real estate funds in the first half of 2023 by Lewis Dayton The $321.3 billion California State Teachers’ Retirement System (CalSTRS) has invested in six real estate funds, for a total of $1.363 billion, in the first half of 2023.
Transactions | Sep 12, 2023 Bonava sells 176 rental apartments in Germany by Released Bonava has plans to sell 176 rental apartments in Cologne, Germany, to a fund of Bayer pension schemes.
