Investors | Sep 19, 2023 Nuveen secures investment from TIAA for U.S. impact housing fund dedicated to affordable housing by Andrea Zander Nuveen, the $1.1 trillion asset manager of TIAA, has secured a $250 million commitment from the TIAA General Account to seed the Nuveen Real Estate U.S. Impact Housing Fund.
Research | Sep 19, 2023 U.S. REIT capital offerings nosedive 85 percent month-on-month in August by Andrea Zander U.S. equity real estate investment trust capital market activity fell sharply in August as the industry raised a total of $702.3 million for the month.
Investors | Sep 19, 2023 Fresno County generates a net return of 7.5% for the fiscal year by Lewis Dayton Fresno County Employees’ Retirement Association (FCERA), which has $6.1 billion of assets under management, posted a return of 9.2 percent for the fiscal year that ended on June 30, outperforming its benchmark of 7.5 percent.
Investors | Sep 19, 2023 South Carolina Retirement generates 6.83% return for the fiscal year by Lewis Dayton The South Carolina Retirement System Investment Commission (RSIC), which manages the $40.6 billion portfolio of the South Carolina Retirement System, posted a net return of 6.83 percent for the fiscal year that ended on June 30, outperforming its benchmark of 5.49 percent.
People | Sep 19, 2023 John Picchiotti joins Dermody Properties as SVP of asset management and national leasing by Released Dermody Properties has hired John Picchiotti as senior vice president of asset management and national leasing.
Transactions | Sep 19, 2023 KKR to acquire 20% stake in Singtel’s regional data center business valued at $800m by Released A fund managed by KKR will commit $800 million for a 20 percent stake in Singtel’s regional data center business.
Transactions | Sep 19, 2023 Q Investment Partners enters London PBSA market by Andrea Zander Q Investment Partners and Hurlington Capital have formed a joint venture to develop a purpose-built student accommodation (PBSA) site in Woolwich, London.
Transactions | Sep 19, 2023 ShopOne, Pantheon JV acquire grocery-anchored shopping center in Rhode Island by Released A joint venture between ShopOne Centers REIT and Pantheon announced that it acquired North Providence Marketplace.
Investors | Sep 18, 2023 Editorial board members meet to discuss ‘what is keeping them up at night’ by Andrea Zander The members of the Editorial Advisory Board of Institutional Real Estate Americas gathered in Santa Monica, Calif., for the board’s fall meeting last week.
People | Sep 18, 2023 Nicole Musicco steps down as CIO at CalPERS by Lewis Dayton Nicole Musicco is stepping down as the CIO of the California Public Employees’ Retirement System.
Investors | Sep 18, 2023 CRE values will decline broadly, but notable opportunities exist by Lewis Dayton There’s a perception of course that there’s no transactions out there, but when you think about real estate activity over the last decade, 2023 is shaping up to be “more or less” the same.
Investors | Sep 18, 2023 South Carolina Retirement System commits $100m to real estate fund by Lewis Dayton The $40.6 billion South Carolina Retirement System Investment Commission (SCRSIC) has committed $100 million to Brookfield Strategic Real Estate Partners V (BSREP V).
Investors | Sep 18, 2023 Wisconsin Core Trust Fund returns 6.91% for the fiscal year by Lewis Dayton Wisconsin’s $119.7 billion Core Trust Fund (CTF), managed by the State of Wisconsin Investment Board (SWIB), posted a net return of 6.91 percent for the fiscal year that ended on June 30, 2023.
Research | Sep 18, 2023 Global business sentiment recovers as slowdown fears recede by Andrea Zander Global business sentiment has now fully recovered from the banking system-related weakness earlier this year.
Investors | Sep 18, 2023 PGIM Real Estate expands rental housing portfolio in Asia Pacific by Released PGIM Real Estate has expanded its rental housing portfolio in Asia Pacific.
Transactions | Sep 18, 2023 CapitaLand Investment’s flagship core-plus private fund buys logistics property in South Korea for $82m by Released CapitaLand Investment Limited’s (CLI) flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF), has acquired a newly completed, class A logistics property in South Korea for S$112 million ($82.5 million).
Fundraising | Sep 18, 2023 Loci Capital exceeds target for first close by Andrea Zander Loci Fund II GP, an affiliate of Loci Capital Group, a private real estate fund manager, announced the first close of Loci Capital Opportunistic Fund II.
Fundraising | Sep 18, 2023 Domain Capital Group raises $225m for value-added timberland strategy by Released Domain Capital Group and its subsidiary, Domain Timber Advisors, has raised $225 million in recent capital commitments across Domain’s value-added timberland investment strategy.
Investors | Sep 18, 2023 Alaska Retirement rebalances real estate, infrastructure target allocations by Lewis Dayton The Alaska Retirement Management Board is rebalancing its real assets portfolio target allocations to address the changing investment landscape in real estate and infrastructure.
Transactions | Sep 18, 2023 Sabey Data Centers to build new data center campus in Umatilla, Ore. by Denise Moose Sabey Data Centers announced that the company is expanding into Umatilla, Ore. Sabey has purchased 60 acres to develop a state-of-the-art data center campus.
