Fundraising | Apr 12, 2023 Boston Financial closes fund for low-income, affordable housing by Kali Persall Boston Financial, one of the largest and most established syndicators of low-income housing tax credits (LIHTC) in the United States, has closed its $131 million LIHTC fund, Boston Financial Institutional Tax Credits 58 Limited Partnership (ITC 58).
Investors | Apr 12, 2023 Olympian Homes moves forward with co-living development on the Isle of Dogs by Kali Persall Olympian Homes has received approval from the Tower Hamlets planning committee to move forward on its application for 795 co-living homes in a 46-story building on the Isle of Dogs in England.
People | Apr 12, 2023 Former British Land director joins Precede Capital Partners by Kali Persall Nigel Webb, a former director and head of development at British Land, one of the largest property development and investment companies in the United Kingdom, has joined Precede Capital Partners.
Fundraising | Apr 12, 2023 Waterfall Asset Management closes real estate fund at $485m by Kali Persall Waterfall Asset Management, a global alternative investment adviser, has wrapped up fundraising for its closed-end real estate fund, Waterfall Atlas Fund.
People | Apr 12, 2023 Jorge Fernandez joins Institutional Real Estate, Inc. as managing director, infrastructure by Released Institutional Real Estate, Inc. (IREI) announced today that Jorge Fernandez has joined IREI as managing director of infrastructure.
Research | Apr 11, 2023 Yardi Matrix: Multifamily rents rise slightly in March by Kali Persall Multifamily rents rose slightly in March, and property fundamentals remain stable despite volatility in the financial markets, according to a recent report from Yardi Matrix.
Fundraising | Apr 11, 2023 Blackstone closes latest global real estate fund at $30.4b by Kali Persall Blackstone has closed its latest global real estate fund, Blackstone Real Estate Partners X (BREP X), with $30.4 billion of capital commitments — the largest real estate or private equity drawdown fund ever raised.
Investors | Apr 11, 2023 Panattoni to develop major logistics project in Germany by Kali Persall Panattoni, a major project developer for industrial and logistics properties in Europe, has purchased an area in Könnern, Saxony-Anhalt, in Germany.
Transactions | Apr 11, 2023 MAPFRE and Swiss Life adds French asset to its portfolio by Kali Persall A co-investment vehicle established in 2018 by MAPFRE and Swiss Life Asset Managers France has added a new building to its portfolio.
People | Apr 11, 2023 Huseyin Huseyin joins Howard Kennedy as a partner in London by Kali Persall Howard Kennedy, a law firm based in London, has strengthened its real estate practice with the appointment of Huseyin Huseyin as a partner.
People | Apr 11, 2023 Alecta CEO forced to step down following U.S. bank failures by Kali Persall Magnus Billing is stepping down from his role as CEO of Alecta, Sweden's largest pension fund provider, after the company's investments in three U.S. banks led to large losses.
Fundraising | Apr 11, 2023 Carmel Partners closes its largest fund to date at $1.58b by Kali Persall Carmel Partners, a specialist in real estate investment management focused on U.S. multifamily development, renovation and debt investments, has completed the final closing of its Carmel Partners Investment Fund 8.
Research | Apr 11, 2023 Senior housing occupancy increases for seventh consecutive quarter by Released The senior housing occupancy rate increased 0.3 percentage points from 82.9 percent in the fourth quarter of 2022 to 83.2 percent in the first quarter of 2023, according to data from NIC MAP Vision released by the National Investment Center for Seniors Housing & Care (NIC).
Investors | Apr 11, 2023 Institutional real estate allocations increasingly expanding into public markets by Kali Persall Although institutional investors have historically sought exposure to real estate primarily through the private markets, real estate allocations are evolving, according to a recent whitepaper from Ranger Global, an independent investment boutique specializing in global listed real estate.
People | Apr 11, 2023 Panorama brings Caroline Gibson on as COO by Kali Persall Panorama Holdings has appointed Caroline Gibson as COO. She will be responsible for the operational oversight of the firm, be part of the executive committee devising corporate strategy and initiatives, and oversee equity capital markets.
Investors | Apr 10, 2023 PGIM Real Estate provides $90m of financing for two class A retail properties by Kali Persall PGIM Real Estate, the $207.9 billion real estate investment and financing business of PGIM, has provided a seven-year, $90 million fixed-rate loan on behalf of its core lending strategy to EDENS for two class A retail properties located in Boston’s suburbs.
People | Apr 10, 2023 Arkansas Teacher Retirement System names Rod Graves interim executive director by Kali Persall The Arkansas Teacher Retirement System (ATRS) has appointed deputy director Rod Graves, as the pension fund’s interim executive director.
Transactions | Apr 10, 2023 Skanska tops out Virginia office building by Kali Persall Skanska, a global development and construction firm, has topped out a nine-story, 201,000-square-foot office building in Arlington, Va.
Transactions | Apr 10, 2023 Wyndham Hotels & Resorts opens new hotel in Italy by Kali Persall Wyndham Hotels & Resorts has opened a 207-bed hotel in Milan, launching its Dolce brand in Italy.
Transactions | Apr 10, 2023 BH Group, PEBB Enterprises JV acquires Office Depot headquarters in Florida by Kali Persall A joint venture consisting of BH Group and PEBB Enterprises has paid $104 million to acquire the 650,000-square-foot Office Depot headquarters campus in Boca Raton, Fla.
