Newsline

American South Fund Management (ASFM), a joint venture between SDS Capital Group and Vintage Realty, has held a final close for American South Real Estate Fund II (ASREF II) after raising $174 million in equity commitments.

CenterSquare Investment Management has appointed Christina van Beelen as COO.

CapitaLand Ascott Trust (CLAS) has plans to divest Citadines Mount Sophia Singapore to an unrelated third party for S$148 million ($111 million).

Legal & General’s Suburban Build-to-Rent business (LGSBTR) and Miller Homes have joined forces to deliver 260 new Suburban build-to-rent homes in Northamptonshire, U.K.

The year 2024 will be a strong one for dynamic investors to invest in private real estate opportunities, according to ORG in its outlook report.

London office requirements have hit the highest level for 10 years with companies hunting for close to 12 million square feet of new office space, according to Knight Frank.

Marcus & Millichap has released its 2024 National Multifamily Investment Forecast.

Lou Pektor, the president of River Pointe Commerce Park, discusses the impact of onshoring on manufacturing, the factors influencing this trend, and the role of specific regions and developments in shaping the future of manufacturing in the United States. He highlights how the firm’s River Pointe Commerce Park is presented as a model for the future of U.S. manufacturing campuses, contributing to rebuilding infrastructure, supply chains, and global competitiveness.

Brennan Investment Group has acquired 31 buildings in Denver and Deerfield Beach, Fla., part of the Fort Lauderdale, Fla., metro area.

The Florida-based multi-family owner-operator American Landmark Apartments announced that it has held a final close for American Landmark Fund IV (ALF IV) with a total of $1.04 billion in capital commitments, surpassing its initial target fundraise of $975 million.

The Federal Open Market Committee once again moved to keep its rates steady during its meeting on Jan. 31. The decision to keep rates between 5.25 and 5.5 per cent comes as Fed chair Jerome Powell stressed the importance of continued progress towards a two percent inflation target.

The Ohio Public Employees Retirement System (OPERS) committed $300 million to Lubert-Adler Workforce Housing II (LAWH II) and $275 million to GI Data Infrastructure Fund II (GIDIF II) in first half 2023, confirmed Michael Pramik, communication strategist/spokesperson (OPERS).

New entrants into healthcare continue to be the first movers in driving digital health innovation and consumer-focused patient care, according to JLL.

The markets set to provide the greatest value opportunities for European industrial and logistics investment in 2024 include France and the Netherlands, both of which have seen rental growth above 30 percent since first quarter 2022, according to Savills.

European commercial real estate investment fell in 2023 to the lowest level since 2012.

After an average increase in bankruptcies of nearly 50 percent across the G7 from 2021-2023, a further double-digit rise is likely in 2024. But while the surge in bankruptcies sounds alarming, it comes from abnormally low levels during the pandemic, according to Oxford Economics.

RBC Investor Services (RBCIS) has reported that its Canadian Defined Benefit (DB) pension plans generated a collective 9.1 percent return for 2023, after an 8.2 percent median return in the fourth quarter 2023.

Data centers are becoming more dominant fixtures in our society as their use cases increase due to the increased application of artificial intelligence and high-performance computing.

The New Jersey Division of Investment (NJDOI), one of the largest U.S. pension fund managers, has made an investment of $500 million as an initial capitalization for an NJ StepStone Real Assets SMA and a commitment of $150 million to KSL Partners Tactical Opportunities Fund II, confirmed Niraj Agarwal, head of real assets, NJDOI.

Multifamily looks to remain stable with solid fundamentals in 2024, although rent growth will likely moderate from the prior year, while somewhat lower interest rates may encourage some renters to purchase housing.