Transactions | Jan 27, 2023 Colonial sells 3 €300m Madrid offices by Andrea Zander The Socimi Colonial has sold three office buildings in Madrid to Prallariz for €300 million, according to other media outlets.
Investors | Jan 27, 2023 Los Angeles Department of Water and Power pours $150m into DRA, Invesco real estate funds by Kali Persall The Los Angeles Department of Water and Power Employees’ Retirement Plan is allocating a total of $150 million to two real estate funds.
Investors | Jan 27, 2023 Dallas Police & Fire to search for private market consulting services by Kali Persall The Dallas Police & Fire Pension System (DPFP) plans to conduct a search for a general-investment consultant that can advise on private markets.
Fundraising | Jan 27, 2023 Avanath adds $205m to affordable housing fund by Kali Persall Avanath Capital Management has closed on more than $205 million in additional equity commitments for its fund.
Transactions | Jan 27, 2023 Landsec sells London office property to Hong Kong developer for $432m by Andrea Zander Land Securities (Landsec) has sold the One New Street Square office property in London to Hong Kong-based property developer Chinachem Group for £349.5 million (€397.5 million/$433.2 million).
Transactions | Jan 27, 2023 La Française Real Estate Managers pays €190m for portfolio by Andrea Zander La Française Real Estate Managers (REM) has acquired a portfolio of 38 Grand Frais stores.
Transactions | Jan 27, 2023 Singapore mall stake sells for $497m by Andrea Zander The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have acquired a 50 percent interest in Gold Ridge Pte. Ltd., which holds the NEX suburban retail mall located at 23 Serangoon Central, Singapore, for S$652.5 million ($497.2 million).
Research | Jan 27, 2023 Nuveen: Investing in commercial real estate debt by Andrea Zander Real estate markets are experiencing significant volatility and heightened uncertainty due to inflation and political related risks, while investors are seeking choices that can produce strong but predictable income returns.
Real estate debt funds have a variety of leverage options by Richard Ratke and Amanda Milnes Debt fund managers have access to a variety of leverage tools to finance loans originated by a fund, and these tools differ significantly depending on the risk/return profile of a given fund.
Public REITs are ready for a rebound in 2023 by Beth Mattson-Teig Capital that rushed for the exits in the public REIT market in 2022 is poised to flow back into the sector to take advantage of buying opportunities.
Transactions | Jan 26, 2023 International Campus starts construction of 337 student apartments in Germany by Released International Campus (IC) has commenced construction of a student residence building of its THE FIZZ brand as part of the new Ludwigs-Quartier in Ludwigshafen.
Transactions | Jan 26, 2023 IHG Hotels & Resorts, BGO, The Royal Hotel make 1,000-room Osaka hotel agreement by Andrea Zander IHG Hotels & Resorts has entered exclusive negotiations to add a flagship Osaka hotel.
Investors | Jan 26, 2023 AEW targets repriced core, core-plus opportunities with separate account investment mandate by Kali Persall AEW has secured a new €375 million ($405 million) separate account investment mandate.
Fundraising | Jan 26, 2023 Prime Group Holdings closes colossal self-storage fund at $2.5b by Kali Persall Prime Group Holdings has closed its third flagship fund.
Transactions | Jan 26, 2023 Global Student Accommodation secures $550m in financing facilities across U.S. by Released Global Student Accommodation (GSA) has closed four financing facilities in the United States, totaling $550 million.
Investors | Jan 26, 2023 OP&F targets up to $215m in real estate investments in 2023 by Kali Persall The $17.4 billion Ohio Police & Fire Pension Fund (OP&F) has approved a real estate investment plan for 2023.
People | Jan 26, 2023 SBA Florida launches search for permanent executive director by Kali Persall The State Board of Administration (SBA) of Florida is undertaking a comprehensive search to permanently fill the role of executive director.
Research | Jan 26, 2023 Investor interest in senior housing remains optimistic heading into 2023 by Andrea Zander Despite pricing uncertainties limiting capital markets activity, interest in senior housing remains optimistic as investors seek higher yields from alternative asset classes.
Transactions | Jan 26, 2023 Hines to develop warehouse property in Denmark by Released Hines, together with an institutional investment partner, has acquired 502,800 square meters (5.4 million square feet) of land to develop Hub 65.
Transactions | Jan 26, 2023 JLL Securities secures $409m CTL financing for Chubb’s Philadelphia headquarters by Released JLL Securities has structured and placed a $409 million credit tenant lease financing for the development of a new office in Philadelphia for Chubb, a publicly traded property and casualty insurance company.
