Transactions | Oct 21, 2021 Walton Street JV buys multifamily community in Salt Lake City by Released An affiliate of Walton Street Capital has acquired a 95-unit boutique apartment community located at 385 South 400 East in Downtown Salt Lake City, Utah.
Investors | Oct 21, 2021 Virginia Retirement System contributes to $2.3b final closing of Crow Holdings Realty Partners Fund IX by Kali Persall Virginia Retirement System (VRS) has disclosed a $150 million investment in the closed-end Crow Holdings Realty Partners Fund IX during the month of September, contributing to the vehicle’s $2.3 billion final close and the firm’s largest fundraise to-date.
Investors | Oct 21, 2021 Pompano Beach slates $10m for TA Realty Core Property Fund by Kali Persall The $248 million Pompano Beach (Fla.) General Employees' Retirement System has allocated $10 million to an open-end fund.
Transactions | Oct 21, 2021 Hines invests in London mixed-use development by Released Hines has completed the off-market acquisition of 18 Blackfriars Road, a 1.8-acre development site in a prime Central London location.
Fundraising | Oct 21, 2021 ESR Cayman raises $750m in first closing of Japan Income Fund by Kali Persall ESR Cayman and its subsidiaries, the largest Asia Pacific–focused logistics real estate platform, has held an initial closing for the ESR Japan Income Fund (JIF) with $750 million of equity commitments.
Transactions | Oct 21, 2021 Developer transforms empty movie theater in San Jose by Andrea Zander Urban Catalyst has plans to convert a movie theater into an indoor miniature golf/restaurant/bar in downtown San Jose.
Transactions | Oct 21, 2021 Crow Holdings and Marcus Partners announce first multifamily development in N.Y. by Andrea Zander Trammell Crow Residential has partnered with Boston-based Marcus Partners to develop Alexan Harrison.
Transactions | Oct 21, 2021 Trei sells first residential real estate project in United States by Released Trei Real Estate, an international developer and owner of residential and retail real estate, and local development partner Proffitt Dixon Partners completed and sold Briley, a multifamily community in Charlotte, N.C., Trei’s first stateside development.
Transactions | Oct 21, 2021 Slate Asset Management buys €103m essential real estate portfolio acquisition in Norway by Andrea Zander Slate Asset Management has purchased portfolio of 25 essential real estate assets in Norway for approximately NOK 1 billion ($103 million).
Investors | Oct 21, 2021 Octopus Real Estate and Homes England launch €208m Greener Homes Alliance by Released Octopus Real Estate, part of Octopus Group and a U.K. specialist real estate lender and investor, has partnered with Homes England, the government’s housing delivery agency, to create the Greener Homes Alliance.
Investors | Oct 21, 2021 IREI: Live Webinar – Real estate opportunity sets in the defined contribution market by Andrea Zander Institutional Real Estate, Inc. hosted its Live Webinar on defining opportunity in the defined contribution (DC) market. It provided insights into key trends and reviewed several different strategies and solutions available in real estate today.
Investors | Oct 21, 2021 Fairstead commits $500m to affordable housing strategy by Andrea Zander Fairstead has announced a new equity commitment of $500 million to strategically grow the company’s operations.
Transactions | Oct 21, 2021 Barings purchases logistics portfolio in Sweden for €211m by Andrea Zander Barings has agreed to the off-market forward purchase of a portfolio of logistics assets in Sweden from Skanska.
Research | Oct 21, 2021 Asia Pacific real estate investment surges by 30 percent in first nine months of 2021 by Andrea Zander Asia Pacific real estate investment volumes continued to rebound strongly in the first nine months of 2021, up 30 percent compared with the same period in 2020.
People | Oct 20, 2021 Maryland State Retirement and Pension Systems chair Nancy Kopp to retire by Kali Persall Nancy Kopp, Maryland State Treasurer and chair of the Board of Trustees of the Maryland State Retirement and Pension Systems (MSRPS), is drawing her tenure to a close.
Fundraising | Oct 20, 2021 Bow River Capital Real Estate Fund III nears $400m fundraising target by Kali Persall Denver-based Bow River Capital Partners is closing in on the fundraising target for its latest real estate fund, Bow River Capital Real Estate Fund III.
Investors | Oct 20, 2021 CalSTRS seeks firm to provide sustainability-focused investment-management services by Kali Persall The California State Teachers’ Retirement System (CalSTRS) is seeking an investment manager firm to provide active sustainability-focused investment-management services.
Transactions | Oct 20, 2021 UBS Asset Management acquires prime office asset in Brisbane on behalf of private client by Andrea Zander UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM), on behalf of a private client, has acquired 299 Adelaide Street.
Research | Oct 20, 2021 Real estate investment managers experience mixed recovery from COVID-19 by Released The 2021 Global Management Survey, published by NAREIM, INREV and Ferguson Partners, paints a varied picture of real estate investment managers’ recovery from COVID-19. In terms of 2020 financial performance, 38 percent of respondents recorded a 10 percent increase in EBITDA, while 32 percent reported a 10 percent drop.
Investors | Oct 20, 2021 King Street, AIMCo and sovereign wealth fund establish $500m film studios JV by Andrea Zander King Street Capital Management, in partnership with Alberta Investment Management Corp., on behalf of certain of its clients and a sovereign wealth fund, has created a joint venture working alongside East End Studios to acquire and develop class A production studios to meet the exploding demand for content creation.
