Transactions | Nov 8, 2021 Link acquires prime iconic retail properties in Sydney by Andrea Zander Link Asset Management, the manager of Link REIT, has agreed to acquire 50-percent interests in the three leading retail assets in Australia.
Research | Nov 8, 2021 Average asking rents rise again in October, Yardi Matrix reports by Released Average U.S. asking rent increased by $23 in October to $1,572, a record high. Asking rents were also up 13.7 percent year-over-year, according to the latest Yardi® Matrix National Multifamily Report.
Transactions | Nov 8, 2021 Japanese investor sells multifamily housing project in California by Andrea Zander Mitsui & Co., Ltd. announced that wholly owned U.S. subsidiary, MBK Real Estate (MRE) has sold the Artesa at Menifee Town Center in Menifee, Calif., to MG Properties Group.
Transactions | Nov 8, 2021 Mayfair enters self-storage market by Released Mayfair Capital has completed the purchase of a portfolio of assets from The Storage Team.
Investors | Nov 8, 2021 ABP to divest in fossil-fuel producers by Kali Persall Dutch pension fund ABP has announced plans to cut ties with producers of fossil fuels, such as oil, gas and coal, as part of a goal to minimize global warming to 1.5 degrees celsius.
Transactions | Nov 8, 2021 Värde Partners agrees on €445m sale of BizSpace to Sirius Real Estate by Released Värde Partners as agreed to sell BizSpace.
Transactions | Nov 8, 2021 KREST Industrial Real Estate enters South Korea market by Andrea Zander KKR Real Estate Select Trust, a subsidiary of KKR, has expanded its industrial real estate portfolio with two new acquisitions, including KREST’s first international investment.
Transactions | Nov 8, 2021 CorePoint Lodging to be acquired by JV in $1.5b deal by Andrea Zander CorePoint Lodging has entered into a definitive agreement to be acquired through a joint venture between affiliates of Highgate and Cerberus Capital Management.
Fundraising | Nov 8, 2021 Knight Frank Investment Management surpasses $1b for Long Income Property Unit Trust by Kali Persall Knight Frank Investment Management has raised more than £1 billion ($1.35 billion) for its Long Income Property Unit Trust (KFIM LIPUT).
Transactions | Nov 8, 2021 Toll Brothers, Sundance Bay form JV to develop mixed-use rental community in Philadelphia by Andrea Zander Toll Brothers, through its Toll Brothers Apartment Living® rental division, and Sundance Bay, a private real estate investment and operating firm, have formed a new joint venture.
Investors | Nov 8, 2021 Finnish impact fund backs private healthcare group in Morocco by Kali Persall OP Finnfund Global Impact Fund I, the first Finnish global-emerging-markets-impact fund, has invested $10 million in CIM Santé Group, a Moroccan private healthcare group, to strengthen the country’s healthcare sector.
People | Nov 5, 2021 Cohen & Steers announces CEO succession by Released Cohen & Steers announced that Joseph M. Harvey will succeed Robert H. Steers as CEO and maintain his role as president.
Investors | Nov 5, 2021 New York City pension funds commit to net-zero greenhouse gas emissions by 2040 by Kali Persall Three New York City pension funds have committed to achieve net-zero greenhouse gas emissions in their investment portfolios by 2040.
Investors | Nov 5, 2021 Japan’s GPIF records 1% gain by Kali Persall Japan’s Government Pension Investment Fund (GPIF) has recorded its sixth consecutive quarterly gain on investments.
Transactions | Nov 5, 2021 Barings, Hines forms JV for 2.7msf for Nashville mixed-use project by Released Barings and Hines form a joint-venture partnership to acquire the Reed District site in Nashville for the future development of a 2.7-million-square-foot, multi-phased, mixed-use project.
Transactions | Nov 5, 2021 Welltower and Kisco Senior Living forms strategic partnership by Released Welltower and Kisco Senior Living have formed a long-term strategic partnership, building on the two companies’ success from prior joint ventures.
Research | Nov 5, 2021 October job growth exceeds expectations by Loretta Clodfelter The U.S. economy added 531,000 nonfarm payrolls in October, according to the Bureau of Labor Statistics, and the unemployment rate edged down 20 basis points to 4.6 percent.
Transactions | Nov 5, 2021 Morgan Properties pays $780m for two portfolios by Released Morgan Properties has acquired two portfolios totaling 18 apartment communities and 4,724 units in four states: Georgia, Florida, North Carolina, and South Carolina.
Transactions | Nov 5, 2021 GIC acquires 27-hotel portfolio for $822m by Andrea Zander Summit Hotel Properties has entered into a definitive contribution-and-purchase agreement to acquire a 27-hotel portfolio.
Investors | Nov 5, 2021 Ares Management and Moda Living launch single family housing venture by Released A fund managed by the Ares Real Estate Group, a subsidiary Ares Management Corp., has entered a joint-venture partnership with Moda to launch a vertically integrated built-to-rent single family homes (SFH) brand across the United Kingdom.
