Transactions | Dec 20, 2023 CapitaLand Ascendas REIT divests three properties in Australia at a premium to valuation by Released CapitaLand Ascendas REIT has entered into three put and call options for the sale of three logistics properties.
Transactions | Dec 20, 2023 ESR Japan Income Fund completes first acquisition in Nagoya by Released ESR Japan Income Fund has acquired ESR Aisai Distribution Center.
Research | Dec 20, 2023 U.S. multifamily market faces challenges ahead, according to Yardi by Andrea Zander The 2024 U.S. Multifamily Outlook from Yardi® Matrix anticipates a year of challenges, including slowing national rent growth.
Investors | Dec 20, 2023 Los Angeles Employees commits $180m to an Angelo, Gordon real estate fund by Lewis Dayton The Los Angeles County Employees Retirement Association (LACERA) has committed $180 million to Angelo, Gordon Europe Realty Fund (AGERF) IV.
People | Dec 20, 2023 Texas Municipal Retirement System hires Yup Kim as new CIO by Lewis Dayton Texas Municipal Retirement System (TMRS) executive director David Wescoe announced today that Yup Kim, investment director and head of investments for private equity at the California Public Employees Retirement System (CalPERS), will become TMRS’ chief investment officer on January 15, 2024. Kim replaces Dave Hunter, who announced his retirement in early November and who will be leaving TMRS in January.
Investors | Dec 19, 2023 Illinois Retirement commits $109m to Ares Property Enhancement Partners IV by Lewis Dayton The Illinois Municipal Retirement Fund (IMRF) has committed €100 million ($109 million) to Ares Property Enhancement Partners (APEP) IV.
Investors | Dec 19, 2023 Mine Super and TWUSUPER unveil merged fund name by Andrea Zander Industry funds Mine Super and TWUSUPER have announced that in 2024 the two funds will merge together under the new name Team Super.
Investors | Dec 19, 2023 Warburg Pincus forms South Korea logistics JV with MQ Group by Released U.S. private equity firm Warburg Pincus has plans to form a joint venture in South Korea with MQ Group.
Transactions | Dec 19, 2023 Invesco Commercial Real Estate Finance Trust announces three loan originations totaling $231.5m by Released Invesco Commercial Real Estate Finance Trust has closed three loan transactions in fourth quarter 2023.
Transactions | Dec 19, 2023 TPG acquires majority of Oxford’s greater Toronto area industrial portfolio for $970m in new JV by Andrea Zander TPG has acquired a 75 percent interest in Oxford Properties Group’s two class A industrial business parks in the greater Toronto area.
Transactions | Dec 19, 2023 CapitaLand India Trust completes acquisition of two industrial facilities at Mahindra World City, Chennai by Released CapitaLand India Trust Management Pte. Ltd., the trustee manager of CapitaLand India Trust (CLINT), has completed the acquisition of Casa Grande – Phase 2.
Investors | Dec 19, 2023 Alternative Investment Exchange enters partnership with Virtus Real Estate Capital by Released Alternative Investment Exchange has expanded partnership with Virtus Real Estate Capital.
Research | Dec 19, 2023 CBRE expects commercial real estate investment activity to pick up in 2024 by Andrea Zander CBREÂ foresees economic growth slowing in 2024.
Transactions | Dec 19, 2023 Neinor and Orion invest in land in Malaga for BTS JV by Andrea Zander Neinor Homes and Orion Capital Managers, on behalf of its Orion European Real Estate Fund V, have acquired one land plot in Malaga as part of its Spanish build-to-sell (BTS) joint venture to develop 429 new homes for sale.
Transactions | Dec 19, 2023 AXA IM Alts and Cabot Properties completes 3.7MW community solar project in New Jersey by Released A joint venture between AXA IM Alts and Cabot Properties has completed a 3.7-megawatt community solar project on the rooftop of an industrial building in Somerset, N.J.
Research | Dec 19, 2023 Self-storage demand continues to face headwinds, Yardi Matrix reports by Released The self-storage industry is feeling the impact of the housing market slowdown on demand for storage units.
Investors | Dec 19, 2023 Arkansas Teachers commits $50m to KKR real estate fund by Lewis Dayton The Arkansas Teacher Retirement System (ARTRS) has committed $50 million to KKR Real Estate Partners Americas (KKR REPA) IV.
Fundraising | Dec 19, 2023 Border to Coast launches two real estate funds by Released Border to Coast Pensions Partnership, the largest UK Local Government Pension Scheme (LGPS) pool, has launched two new Real Estate Funds on behalf of its Partner Funds. The Funds are launched with an initial £870 million ($1.1 billion). With additional future commitments anticipated, the funds could grow to over £1 billion ($1.27 billion). Â
Transactions | Dec 18, 2023 Board of Regents of the University of Texas System pays $258m for hospital by Andrea Zander The Board of Regents of the University of Texas System has purchased Webster Healthcare Facility II from Sila Realty Trust for $258.4 million.
Transactions | Dec 18, 2023 VGP NV, Areim form €1.5b JV by Andrea Zander VGP NV, a European provider of high-quality logistics and semi-industrial real estate, has formed a new 50-50 joint venture named Saga with Areim.
