Fundraising | May 11, 2021 Cain International closes European Real Estate Opportunity Fund I by Kali Persall Cain International has closed its inaugural European Real Estate Opportunity Fund I.
Transactions | May 11, 2021 Savanna secures $264m of debt financing for development in Brooklyn by Released Savanna has completed the construction financing of the 141 Willoughby St. development project in downtown Brooklyn.
Investors | May 11, 2021 PAG Investments rebrands as Northpath Investments by Released PAG Investments has rebranded as Northpath Investments, a privately held real estate investment and management firm headquartered in New York City.
Investors | May 11, 2021 Apache Capital creates €1.86b U.K. single-family rental housing platform by Andrea Zander Apache Capital has launched Present Made, the first U.K.-focused purpose-built and designed vertically integrated single-family housing for-rent platform.
Transactions | May 11, 2021 WP Carey announces €25m build-to-suit investment in the Netherlands by Released WP Carey has announced a €25 million ($30 million) build-to-suit commitment with a leading plant-based consumer products company for a state-of-the-art global R&D food research facility.
Transactions | May 11, 2021 Blackstone Real Estate acquires premium industrial and logistics assets by Andrea Zander Funds managed by Blackstone Real Estate have acquired Embassy Industrial Parks from Warburg Pincus and Embassy Group.
Transactions | May 11, 2021 Waypoint Residential sells three assets for $200m by Released Subsidiaries of Waypoint Residential recently sold three Waypoint-developed conventional multifamily communities to Fundrise.
People | May 11, 2021 Calida appoints Chris Leggee as senior VP of capital markets by Kali Persall Chris Leggee has joined The Calida Group, a vertically integrated multifamily investment and development firm, from Griffis Residential.
Investors | May 11, 2021 Tricon forms $1.5b home builder direct JV by Andrea Zander Tricon Residential has formed a new joint venture with Pacific Life Insurance Co. and a leading global investor to acquire newly built single-family rental homes targeting the middle-market demographic in the United States Sun Belt.
Fundraising | May 11, 2021 Harbert United States Real Estate Fund VII raises $521m in final close by Kali Persall Harbert United States Real Estate Fund VII has completed a final close.
People | May 11, 2021 Nuveen Real Estate bolsters international housing team as it targets growing investor demand for residential by Released Nuveen Real Estate has appointed five new hires to its European and Asia Pacific housing teams to help support Nuveen’s existing housing investments and target the growing investor demand for residential assets.
SPONSORED: Developing attainable housing to meet the growing demand by Sheila Hopkins The National Multifamily Housing Council has estimated that America needs to build at least 4.6 million new apartment homes, at all price points, by 2030 to meet U.S. demand.
People | May 11, 2021 AP Pension appoints senior investment director by Kali Persall AP Pension has promoted Rasmus Cederholm to investment director, effective June 1. He will succeed Ralf Magnussen, who is leaving to join Nykredit Asset Management.
People | May 10, 2021 Astarte Capital Partners bolsters investor relations team by Released Astarte Capital Partners, a real-assets-focused investment firm, has appointed Tingting Peng as investor relations and business development director.
Research | May 10, 2021 U.S. retail sector: The worst is likely over by Andrea Zander After a challenging 2020, retail market conditions improved in the first quarter of 2021, according to Cushman & Wakefield.
Fundraising | May 10, 2021 Menlo Equities secures $125m for sixth fund by Kali Persall Menlo Equities has raised more than $125 million for its newly launched Menlo Realty Partners VI fund, according to an SEC filing from April.
Transactions | May 10, 2021 AEW announces acquisition of three assets in Australia and Japan by Andrea Zander AEW Capital Management has acquired Macquarie Innovation Centre for AUD 144 million ($113 million) and a portfolio of two multifamily assets in Japan for JPY 5 billion ($46 million).
Transactions | May 10, 2021 Chinese JV wins $207m site for development project by Andrea Zander SingHaiyi Group, which is controlled by mainland-born billionaire Gordon Tang, has formed a partnership with Chip Eng Seng Corp. and an affiliate of Hong Kong-listed Chuan Holdings for a joint bid for Maxwell House.
Transactions | May 10, 2021 China Mainland firm sells luxury hotel in Sydney for $140m by Andrea Zander Shanghai United, a Chinese private equity group, has sold the five-star luxury Intercontinental Hotel Double Bay.
Investors | May 10, 2021 NYSCRF backs LaSalle, Oaktree, Kayne Anderson funds by Kali Persall New York State Common Retirement Fund (NYSCRF) has disclosed $650 million in new real estate commitments that were made during the month of March.
