Research | Mar 18, 2022 Multifamily rents climbed 15.4% in one year by Andrea Zander Multifamily asking rents defied expectations by ticking up yet another $10 in February to hit a national average of $1,628.
Fundraising | Mar 18, 2022 Alterra IOS Venture II closes above $400m target by Kali Persall Alterra Property Group and Park Madison Partners have closed their Alterra IOS Venture II fund.
Fundraising | Mar 18, 2022 Catella brings world’s first ‘energy positive’ residential impact fund to market by Kali Persall Catella Residential Investment Management (CRIM) has launched the world’s first “energy positive” residential impact fund, Catella Elithis Energy Positive Fund (CEEPF), which will invest €500 million ($553 million) in Elithis Towers across France.
Research | Mar 18, 2022 Quick service visits down in January atop last year’s declines by Andrea Zander After 10 consecutive months of traffic gains over steep pandemic-related declines, the U.S. restaurant industry’s recovery stalled in January.
Transactions | Mar 18, 2022 Tritax EuroBox buys German logistics asset for €76.4m by Released Tritax EuroBox has entered into a conditional agreement with a subsidiary of Dietz AG for the speculative forward-funding acquisition of a €76.4 million ($84.41 million) logistics asset in the Dusseldorf region of Germany.
Transactions | Mar 18, 2022 Office Building in Jersey City sells for $300m by Released A joint venture between Danish institutional investor PFA Pension and Spear Street Capital has sold an office building in Jersey City for $300 million.
Research | Mar 18, 2022 Challenging macroeconomic forecast across all investment types by Andrea Zander Expect challenging macroeconomics across all investment types, with real estate seen as a favorable option in light of market headwinds and increasing inflation, with central bank interventions uncertain in first quarter 2022.
Transactions | Mar 18, 2022 Henderson Park purchases historic Berlin office by Released Henderson Park has acquired, as part of a value-add strategy, the historic Mosse-Zentrum office building in central Berlin from Real I.S. AG, the real estate investment management arm of the Bavarian Landesbank.
Fundraising | Mar 18, 2022 Interstate Equities Corp. closes fifth institutional fund by Kali Persall Interstate Equities Corp. has completed the final close of its fifth institutional fund, IEC Institutional Fund V.
Transactions | Mar 18, 2022 Tristan Capital buys Belgium office portfolio by Released Tristan Capital Partners’ EPISO 5 Fund has strengthened its position in the Belgium office market.
Transactions | Mar 18, 2022 Allianz expands Spanish PRS exposure with acquisition of prime portfolio in Madrid by Released Allianz Real Estate has acquired a portfolio of nine prime residential buildings in the Chamartín district of Madrid for €185 million ($205 million).
Transactions | Mar 18, 2022 M&G boosts allocation to Japanese multifamily housing with $424m acquisition by Andrea Zander M&G Real Estate has purchased a portfolio of 30 residential assets in Japan’s gateway cities of Tokyo, Osaka and Nagoya for ¥49.2 billion ($414.5 million).
Transactions | Mar 17, 2022 Greystar invests in its first build-to-rent development in Germany by Released Greystar Real Estate Partners has acquired a 234-unit residential development in Hamburg.
Research | Mar 17, 2022 Competition for Asia Pacific real estate assets to intensify in 2022 by Andrea Zander Investor confidence in Asia Pacific real estate remains strong.
People | Mar 17, 2022 Paul Mouchakkaa joins Alberta Investment Management Corp. by Released Alberta Investment Management Corp. (AIMCo) has announced the appointment of Paul Mouchakkaa to the role of senior managing director, head of real estate.
Research | Mar 17, 2022 CBRE releases Melbourne industrial and logistics land supply report by Andrea Zander Approximately 13 percent of total industrial zoned land in Melbourne has been identified for available development within the next three years, according to CBRE.
Transactions | Mar 17, 2022 KKR to acquire Japanese real estate asset manager from Mitsubishi Corp. and UBS Asset Management by Andrea Zander KKR has plans to acquire all of the outstanding shares of Mitsubishi Corp.-UBS Realty (MC-UBSR), a Japanese real estate asset manager, from Mitsubishi Corp. and UBS Asset Management (UBS-AM) in an all-cash transaction valued at JPY 230 billion ($2 billion).
Fundraising | Mar 17, 2022 SROA Capital closes eighth self-storage fund above target by Kali Persall SROA Capital, a vertically integrated real estate investment and technology company focused on investing in self-storage, has closed its eighth flagship fund, SROA Capital Fund VIII.
Transactions | Mar 17, 2022 Nitya Capital pays half a billion dollars for multifamily properties by Released Nitya Capital has announced the acquisition of 11 multifamily properties across five major cities.
Investors | Mar 17, 2022 Magnolia Capital and Principal Real Estate Investors form single-family rental JV by Andrea Zander Magnolia Capital has formed a new joint venture with Principal Real Estate Investors.
