Transactions | Mar 3, 2022 Nashville hotel sells for $328.7m by Released Xenia Hotels & Resorts has agreed to acquire the 346-room W Nashville for a purchase price of $328.7 million or $950,000 per room.
Fundraising | Mar 3, 2022 EPC Promecap Multifamily Partners V raises an initial $140m by Kali Persall Eagle Property Capital Investments and partner Promecap have completed an initial closing of the EPC Promecap Multifamily Partners V.
People | Mar 3, 2022 RADCO appoints Lisa Hurd as CIO by Released The RADCO Cos. has announced Lisa Hurd has been promoted to CIO.
People | Mar 3, 2022 Yugo names CFO by Released Yugo, a student housing platform, has appointed Simon Leopold as its U.S.-based global CFO.
Fundraising | Mar 3, 2022 Marcus Partners raises $337m for fourth value-add fund by Kali Persall Marcus Capital Partners Fund IV, a value-added fund managed by Marcus Partners, has secured more than $337 million.
Transactions | Mar 3, 2022 Rabina closes on $540m construction financing for 520 Fifth Avenue by Released Rabina announced the closing of a $540 million construction financing package for 520 Fifth Ave.
Investors | Mar 3, 2022 Ventura County Employees slates $35m for Alterra IOS Venture II by Kali Persall The Ventura County (Calif.) Employees’ Retirement Association (VCERA) has approved a $35 million commitment to Alterra IOS Venture II, following the joint recommendation of the board of retirement and NEPC.
Transactions | Mar 3, 2022 Cedar Realty Trust sells grocery store portfolio for $840m by Andrea Zander Cedar Realty Trust has agreed to sell a portfolio of 33 grocery-anchored shopping centers to a joint venture between a fund managed by DRA Advisors and KPR Centers for $840 million.
Transactions | Mar 3, 2022 Spanish hotel portfolio for sale with €700m price tag by Andrea Zander Equity Inmuebles, a Spanish hotel property landlord, has put 17 establishments managed by Meliá on the market. The operation is valued at €700 million ($774 million), according to local outlets.
Transactions | Mar 3, 2022 J.P. Morgan JV completes $700m life sciences project in Harlem by Andrea Zander Locally based developer Janus Property Co., in partnership with J.P. Morgan Asset Management, has completed the Taystee Lab Building, a $700 million life sciences project in West Harlem's Manhattanville Factory District, N.Y.
Investors | Mar 3, 2022 Rhode Island Employees mulls $25m investment in AEW Essential Housing Fund by Kali Persall The Employees' Retirement System of Rhode Island (ERSRI) has proposed a $25 million commitment to the open-end AEW Essential Housing Fund.
Transactions | Mar 3, 2022 Skanska to build €284m mixed-used development in London by Andrea Zander Skanska has signed a contract with Welput.
People | Mar 3, 2022 Scape names Tjarko Edzes to chief capital officer by Jennifer Molloy Tjarko Edzes has been named chief capital officer of Scape, a specialized residential-for-rent platform.
Transactions | Mar 3, 2022 ESR to develop $1.5b multi-phase logistics park in Greater Osaka by Released ESR Cayman Ltd. has announced its latest multi-phase logistics development in Greater Osaka, building ESR Kawanishi Distribution Center on a 505,647-square-meter (5.4 million-square-foot) prime site in Japan’s Kawanishi City to further expand its strategic network of institutional-grade New Economy real estate in the metropolitan area.
Transactions | Mar 3, 2022 Barings and HBD submit plans for London logistics space by Released HBD and Barings have submitted detailed planning for a strategic logistics scheme in Rainham, London, which will transform a 20-acre brownfield site.
Transactions | Mar 2, 2022 Primevest Capital Partners closes second deal in Spain by Released Pan-European investment manager Primevest Capital Partners has signed its second acquisition in the Spanish residential market.
People | Mar 2, 2022 CalPERS names Nicole Musicco as CIO by Kali Persall The California Public Employees’ Pension Retirement System (CalPERS) has appointed Nicole Musicco as its new CIO, following an international search and extensive recruitment process.
OMERS clocks 15.7% return for 2021 by Kali Persall OMERS, the defined benefit pension plan for municipal sector employees in Ontario, has achieved a 15.7 percent return for 2021. The amount was net of expenses, which equates to $16.4 billion of net investment income.
Fundraising | Mar 2, 2022 Europa Capital has closed two funds at the end of 2021 and the beginning of 2022 by Kali Persall The Europa Value Add Fund VI closed in December 2021 with €595.6 million ($666 million) of equity commitments.
People | Mar 2, 2022 CEO of Sweden’s AP3 to step down at end of year by Kali Persall Kerstin Hessius, CEO of the Third Swedish National Pension Fund (AP3), will step down from her role in December 2022 after 18 years in the position.
