People | Dec 22, 2023 Brian Collett to retire as CIO of Missouri LAGERS in Jan. 2024 by Released The Missouri Local Government Employees Retirement System (LAGERS) has announced the retirement of Brian Collett, chief investment officer, effective January 31, 2024.
Investors | Dec 22, 2023 Texas Retirement lowers real estate commitment target in 2024 pacing plan by Lewis Dayton The Texas Municipal Retirement System is targeting to commit $200 million toward real estate, according to its recent board-meeting agenda.
Transactions | Dec 22, 2023 Tishman Speyer acquires Union West in Chicago by Released Tishman Speyer has acquired Union West, a recently-constructed, 15-story luxury residential tower in Downtown Chicago’s popular West Loop neighborhood.
Research | Dec 22, 2023 RCLCO: 2024 looking better than before by Released The RCLCO Current Real Estate Market Sentiment Index (RMI) which is measured on a 100-point scale, has remained flat over the past six months.
Transactions | Dec 22, 2023 Harrison St. acquires 2 new student housing assets in British Columbia by Released Harrison Street has continued expansion in Canada through two student housing transactions in British Columbia.
CBRE Investment Management acquires student housing complex in Milan by Released CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired a student housing complex, providing 448 rooms (580 beds) in Milan.
Transactions | Dec 22, 2023 Walton Global acquires 111-acre parcel in Maricopa, Ariz. by Released Walton Global has acquired Elena Trails.
People | Dec 22, 2023 Vertical Bridge REIT promotes two executives by Released Vertical Bridge REIT has announced the promotions of Bob Glosson to executive vice president and COO, and Blair Crawford to executive vice president of leasing and marketing, effective Jan. 1, 2024.
Transactions | Dec 22, 2023 Nrep pays €100m for 17 healthcare properties by Released Special investment fund eQ Community Properties Fund has sold 17 healthcare properties to a fund represented by the Nordic real estate investor Nrep.
Investors | Dec 21, 2023 Hines fund captures $88m from Border to Coast and holds final close by Lewis Dayton Border to Coast Pensions Partnership (Border to Coast), the largest U.K. local government pension scheme, committed €80 million ($87.6 million) to Hines European Real Estate Partners III (HEREP III), as part of HEREP III’s final closing at the end of November 2023.
Research | Dec 21, 2023 Construction starts hit 10-month low, declining 15% in November by Andrea Zander Total construction starts fell 15 percent in November.
Transactions | Dec 21, 2023 JLL closes $110.25m sale of class-A warehouse in central Pennsylvania by Released JLL Capital Markets announced that it has closed the $110.25 million sale of 84 Zions View Road, a class-A warehouse/distribution property totaling 1 million square feet in Manchester, Pa.
Transactions | Dec 21, 2023 Healthpeak Properties receives entitlements for additional 1.3msf of development at the Vantage campus in South San Francisco by Released Healthpeak Properties has received approval of entitlements for Phases II and III of its purpose-built lab development campus, Vantage, in South San Francisco.
Transactions | Dec 21, 2023 AXA IM Alts JV acquires multifamily asset in Orlando by Released AXA IM Alts has acquired a 285-unit multifamily asset in Florida on behalf of clients.
Transactions | Dec 21, 2023 JPMREIT acquires newly constructed single-family rental townhomes in Venice, Fla. by Released J.P. Morgan Real Estate Income Trust has announced the acquisition of an initial tranche of 36 townhomes in Fiore, Fla.
Transactions | Dec 21, 2023 Silver Star Properties REIT makes first acquisition in the self-storage space by Released Silver Star Properties REIT announced that it acquired two self-storage facilities located at 2505 Southwest Freeway and 4250 Southwest Freeway inside the Loop 610 in Houston.
Research | Dec 21, 2023 Deal volume declined by 23.6 percent from 2022 to 2023 by Lewis Dayton There was a decline of 23.6 percent from 2022 to 2023 for deals (mergers & acquisitions (M&A), private equity and venture financing) made from January to November in the respective years, according to a data report from GlobalData.
Investors | Dec 21, 2023 NYSCRF commits $640m to real estate and infrastructure funds by Lewis Dayton The New York State Common Retirement Fund (NYSCRF) has committed $375 million to Fundamental Empire Fund (FEF), $250 million to Stonepeak Opportunities Fund (SOF) and $15 million to American South Real Estate Fund (ASREF) II.
Fundraising | Dec 21, 2023 BDT & MSD Partners raises $3.2b for real estate credit fund by Lewis Dayton BDT & MSD Partners, a merchant bank that has deployed more than $50 billion across its investment strategies since 2010, has raised $3.2 billion for MSD Real Estate Credit Opportunity Fund II (MSD RECOF II), reported Bloomberg.
Research | Dec 20, 2023 Milliman annual Public Pension Funding Study finds public pensions shifted portion of equity, fixed-income assets to private equity and real estate by Released Milliman, Inc., has released the results of its annual Public Pension Funding Study (PPFS), which explores the funded status of the nation’s 100 largest public defined benefit pension plans.
