SPONSORED: Amherst – Migration away from cities drives suburban home-price hike by Jennifer Babcock High demand for suburban homes shrunk inventory and drove price increases during the pandemic.
SPONSORED: AXA IM Alts expands its presence in the U.S. real asset sector by Jennifer Babcock Whether for its debt or equity platform, AXA IM Alts is zeroing in on sectors supported by essential needs, such as logistics, multifamily, student and senior housing, life sciences, as well as self-storage and forestry, according to Stephan Ackermann, head of Client Group, North America, and Steve McCarthy, head of North America, for AXA IM Alts.
SPONSORED: Elion – Logistics investment opportunity in coastal infill markets by Jennifer Babcock Technology applications, supply-chain disruptions and a flood of capital into the logistics sector are creating a unique investment opportunity in coastal infill markets, according to Juan DeAngulo, a managing partner at Elion.
Investors | Jun 1, 2022 IMRF dedicates $150m to Blackstone Real Estate Partners X by Kali Persall The $50.78 billion Illinois Municipal Retirement Fund (IMRF) has approved a commitment of up to $150 million to Blackstone Real Estate Partners X, an opportunistic fund managed by Blackstone.
Fundraising | Jun 1, 2022 Hines European Value Fund 3 advances closer to €1.5b target by Kali Persall Hines has captured €900 million ($321 million) in a first closing of its new value-add fund, Hines European Value Fund 3 (HEVF 3).
Investors | Jun 1, 2022 CIM Group invests $355m in Novva Data Centers by Andrea Zander Novva Data Centers has announced agreement on additional investment of up to $355 million in capital from CIM Group.
Transactions | Jun 1, 2022 Xior buys European student housing portfolio for €939m by Andrea Zander Basecamp Group has sold a student housing portfolio to Xior for €939 million ($999 million).
Fundraising | Jun 1, 2022 EXCLUSIVE — Fairfield anticipates first closing of new affordable housing fund by Kali Persall Fairfield is planning to hold a first closing for its open-ended Fairfield Affordable Housing Preservation Fund this month.
Fundraising | Jun 1, 2022 Cresset Partners reports movement with logistics, opportunity zone funds by Kali Persall Private investment firm Cresset Partners has closed its first industrial-focused fund, Cresset Real Estate Logistics Fund I, a year after opening to investors.
Investors | Jun 1, 2022 Countryside and Start Living Residential join forces for Midlands BTR venture by Andrea Zander A new partnership between Countryside, a U.K. mixed-tenure developer, and Start Living Residential, a new single-family build-to-rent joint venture between Gatehouse Bank and TPG Real Estate Partners (TPGREP), has plans to build 150 new high-quality rental homes across the Midlands.
Transactions | Jun 1, 2022 Singtel partners with Lendlease for $2.2b redevelopment HQ by Andrea Zander Singtel has plans to partner with Lendlease to redevelop its Comcentre headquarters into a S$3 billion ($2.2 billion) world-class sustainable workplace featuring the latest smart building and digital technologies.
Transactions | Jun 1, 2022 Gaw Capital Partners buys Japanese residential portfolio by Andrea Zander Gaw Capital Partners announced that its separately managed account ultimately held by Qatar Investment Authority (QIA) has acquired Japanese residential assets in city center locations primarily in Tokyo and other major cities in Japan.
Investors | Jun 1, 2022 GIC and Greystar announce acquisition of Student Roost from Brookfield by Andrea Zander GIC and Greystar Real Estate Partners have formed a joint venture that has signed an agreement to acquire Student Roost.
People | Jun 1, 2022 Walker & Dunlop, Pacific Life Announce $500m JV by Released Walker & Dunlop Investment Partners (WDIP) has partnered with Pacific Life to form a $500 million programmatic joint venture.
Investors | Jun 1, 2022 Global property securities “well-placed” amid current macro environment by Loretta Clodfelter The global macroeconomic environment may provide challenges for real estate investors, but the underlying fundamentals for most property types will be supportive of investment in the sector, according to Stephen Hayes, head of global property securities at First Sentier Investors, in an interview with IREI.
Transactions | Jun 1, 2022 Stratus Properties Inc. completes $260m sale by Released Stratus Properties has completed the previously announced sale of Block 21 to Ryman Hospitality Properties and its affiliates for $260 million.
Transactions | Jun 1, 2022 Iconic Equities, Leste Real Estate form $400m industrial partnership by Andrea Zander Iconic Equities and Leste Real Estate U.S. have formed a joint venture.
Transactions | Jun 1, 2022 Madison Realty Capital receives strategic minority investment from ICONIQ by Released ICONIQ Investment Management has made a strategic minority investment in Madison Realty Capital.
Transactions | Jun 1, 2022 CARROLL, PGIM execute multifamily portfolio sale for $885m by Andrea Zander CARROLL, in partnership with PGIM Real Estate, the $209.3 billion real estate investment and financing business of Prudential Financial, has sold 12 multifamily communities representing 3,564 total units across Florida, North Carolina and Tennessee for $885.5 million.
Transactions | Jun 1, 2022 Savills IM acquires grade-A distribution center in the Netherlands by Kali Persall Savills Investment Management has acquired a modern grade-A distribution center in Veghel, the Netherlands, for its pan-European logistics strategy. The seller in the sale-leaseback transaction is Biotope B.V., the owner of the tenant Udea BV. The parties have agreed not to disclose the investment volume.
