Fundraising | May 9, 2023 Azora holds second closing of flagship U.S. multifamily fund, launches its first Spanish-regulated vehicle by Kali Persall Azora has completed a second closing of its flagship U.S. multifamily fund, ONE Azora Exan Multifamily Fund I, and announced the vehicle’s fourth acquisition.
Transactions | May 8, 2023 Threestones Capital acquires nursing home in Spain by Kali Persall Threestones Capital has acquired a nursing home facility in Rubià, Spain, for its TSC Fund — Eurocare IV investment vehicle. Financial terms were not disclosed.
Investors | May 8, 2023 Panattoni to build new logistics platform in Spain by Kali Persall Panattoni, a European logistics-industrial real estate developer, is constructing a new logistics platform in the Spanish city of Miranda de Ebro.
Research | May 8, 2023 Dodge Momentum Index recedes in April due to declining economic conditions by Kali Persall The Dodge Momentum Index (DMI) fell 5.1 percent in April as commercial planning was pushed down by sluggish office, hotel and retail activity, according to Dodge Construction Network.
Fundraising | May 8, 2023 Focus Senior Housing Fund II advances toward $600m fundraising target by Kali Persall Chicago-based Focus Healthcare Partners (FHP) has raised $140 million for its Focus Senior Housing Fund II, according to a recent filing with the SEC.
Fundraising | May 8, 2023 Lubert-Adler raises $30m for Workforce Housing Fund II by Larry Gray Philadelphia-based investment manager Lubert-Adler has raised $30 million for its Lubert-Adler Workforce Housing Fund II-MB
Transactions | May 8, 2023 TPG in talks to acquire Angelo Gordon for $2b by Kali Persall TPG is in talks with Angelo Gordon regarding an acquisition deal that would value the investment firm at more than $2 billion.
Investors | May 8, 2023 Indiana Public Retirement System places $50m in Longpoint Realty Specialty Grocer Fund by Kali Persall The Indiana Public Retirement System (INPRS) has backed Longpoint Realty Specialty Grocer Fund I with a $50 million commitment, according to a recent investment document.
Transactions | May 8, 2023 Realterm takes ownership of 4 industrial outdoor storage facilities in the Netherlands by Kali Persall Realterm has acquired four industrial outdoor storage (IOS) facilities throughout the Netherlands. Financial terms were not disclosed.
Fundraising | May 8, 2023 Portfolio Advisors Real Estate Fund VIII captures $236m by Kali Persall Portfolio Advisors has raised more than $236 million for its closed-end fund Portfolio Advisors Real Estate Fund VIII fund, according to a May 4 filing with the SEC.
Transactions | May 8, 2023 Savills Northern Ireland sells 2 prominent Irish shopping centers by Kali Persall Savills Northern Ireland has sold two prominent shopping centers in Northern Ireland for an undisclosed sum. The buyer was not disclosed.
Research | May 8, 2023 Job gains reach 253,000 in April by Loretta Clodfelter The United States continues to have a strong labor market. In April, total nonfarm payroll employment increased by 253,000 jobs, according to the Bureau of Labor Statistics, and the unemployment rate was 3.4 percent.
Fundraising | May 5, 2023 Westbrook Real Estate Fund XII locks in $700m of investor commitments by Kali Persall Westbrook Partners has captured $700 million of commitments for its latest value-add real estate fund, Westbrook Real Estate Fund XII, against its target of $2.95 billion, according to reports.
Transactions | May 5, 2023 Niam, Milton Huse launch housing project JV in Denmark by Kali Persall Niam and Milton Huse have launched a new joint venture aimed at developing, constructing and operating terraced house projects in Denmark.
Transactions | May 5, 2023 Australian shopping center trades to Chinese investor by Kali Persall MPG Funds Management has sold the 3,654-square-meter (39,331-square-foot) Village Lakeside Shopping Centre in Victoria, Australia, to a new entrant investor from China, according to reports.
Transactions | May 5, 2023 Armada Hoffler to acquire class-A mixed-use property in Atlanta by Kali Persall Armada Hoffler has signed an agreement to acquire The Interlock, a class-A mixed-use asset in Atlanta’s West Midtown, in a $215 million off-market purchase.
Investors | May 5, 2023 Urban Partners calls on industry to radically change investment approach by Released Urban Partners, a new group of new investment verticals, has called on the real estate and urban investment industry to radically change its approach to investment and how returns are measured to recognize the complexity of urban ecosystems.
People | May 5, 2023 Alan Penfold promoted to managing director of single-family BTR housing platform by Kali Persall Apache Capital has promoted Alan Penfold to managing director of Present Made, the firm’s single-family build-to-rent housing platform.
Transactions | May 5, 2023 GARBE Institutional Capital sells Ypsilon Park office complex in the Netherlands by Kali Persall GARBE Institutional Capital has sold the Ypsilon Park office complex, located in the center of the Benoordenhout district of The Hague, the Netherlands, on behalf of one of its funds.
Transactions | May 5, 2023 abrdn European Logistics Income makes first disposal by Released abrdn European Logistics Income, a company that invests in high-quality European logistics real estate, has sold a 32,645-square-meter (351,388-square-foot) warehouse, in Leon, Northern Spain, to SCPI Iroko Zen, for €18.5 million ($20 million).
