The single-family rental industry has evolved since its emergence after the financial crisis by Sudha Reddy The single-family rental (SFR) industry has transformed itself from a distressed investment opportunity arising out of the subprime mortgage crisis to one of the most fundamentally sound real estate asset classes going into 2021.
Research | Mar 2, 2021 U.S. retail sales forecast to exceed $4.33t in 2021 as vaccine rollout expands by Released The National Retail Federation has issued its annual forecast, anticipating that retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more people are vaccinated and the U.S. economy reopens.
Investors | Mar 2, 2021 NMSIC earmarks $60m for Berkshire Multifamily Debt Fund III by Kali Persall The New Mexico State Investment Council (NMSIC) is planning to commit $100 million to two funds managed by Berkshire Group.
Investors | Mar 2, 2021 LAFPP invests $40m in Exeter Europe Logistics Value Fund IV by Kali Persall The Los Angeles Fire & Police Pensions (LAFPP) has closed a commitment of up to $40 million to a value-add fund managed by Exeter Property Group.
Fundraising | Mar 2, 2021 HarbourVest holds final closing of Real Assets Fund IV by Kali Persall HarbourVest Partners has announced a final closing of its Real Assets Fund IV.
Transactions | Mar 2, 2021 Harbor Group International acquires $309m portfolio of Southeast apartments by Released Harbor Group International (HGI) has acquired a portfolio of eight multifamily communities in the U.S. Southeast for $309 million.
Transactions | Mar 2, 2021 Värde Partners agrees €128m sale of Barcelona office tower by Released Värde Partners has agreed the forward sale of its One Parc Central office development in Barcelona to DWS for €128 million ($155 million).
Fundraising | Mar 2, 2021 BlackRock closes on $1.175b for Asia Property Fund V by Kali Persall BlackRock Real Assets has raised $1.175 billion for its BlackRock Asia Property Fund V (AFV), surpassing its $1 billion fundraising target despite market volatility created by the COVID-19 pandemic.
Research | Mar 2, 2021 Japan set for weak Q1, but economic outlook is improving by Released Oxford Economics’ monthly growth tracker for the Japanese economy shows that, while the state of emergency in first quarter 2021 will cause a decline in consumption and services, production and trade continue to hold up well, reflecting strong foreign demand and a buoyant manufacturing sector.
Transactions | Mar 2, 2021 San Francisco planning commission approves mixed-use project by Released A joint venture among DM Development, Urban Land Development and Urban Land Capital has announced the San Francisco Planning Commission’s approval of 321 Florida, a residential and retail arts project at Florida and 16th streets in the Mission District.
Transactions | Mar 2, 2021 BMO Real Estate Partners acquires Cologne property for prime retail fund by Released BMO Real Estate Partners (BMO REP) has acquired a high street retail asset in a prime location in the city center of Cologne, Germany.
Transactions | Mar 2, 2021 Hillview acquires office investments for new €347m U.K. regional office fund by Released Hillview Real Estate has acquired two out-of-town office investments in Watford and Birmingham, England.
Transactions | Mar 2, 2021 Catella Real Estate AG buys €52m Luxembourg office by Released Catella Real Estate AG (CREAG) has acquired an office development in Luxembourg for the Sarasin Sustainable Properties – European Cities Fund (SSP) for €52 million ($63 million).
Investors | Mar 2, 2021 Invesco, Westmont Hospitality to co-invest in hotel properties by Andrea Zander Invesco Real Estate has signed definitive agreements with affiliates of Westmont Hospitality Group as its strategic partner for a portfolio of IHG branded hotels located in key cities in Germany as well as in Amsterdam.
Investors | Mar 2, 2021 Prospects for the retail sector in 2021 by Loretta Clodfelter The COVID-19 pandemic accelerated trends across commercial real estate sectors.
Research | Mar 2, 2021 Continue to expect the unexpected, says JLL by Released Despite thoroughly grappling with the unexpected over the past year, the maxim “expect the unexpected” still resounds, possibly more loudly than ever. Recent occurrences simply reinforce that perspective.
Starting anew by Marek Handzel Now could be a time for creative destruction as investors find value in the post-pandemic world, argues Keith Breslauer, managing director at Patron Capital.
People | Mar 1, 2021 Sara Queen to join MetLife Investment Management as head of real estate equity group by Released MetLife Investment Management has appointed Sara Queen as managing director and head of real estate equity.
Investors | Mar 1, 2021 Sweden’s AP1 records 9.7% return at end of 2020 by Kali Persall Swedish pension fund AP-fonden (AP1) has delivered a 9.7 percent return at the end of 2020, with SEK 392.6 billion ($46 billion) in assets under management at year-end.
Transactions | Mar 1, 2021 DEMIRE invests €270m in 50% stake in Frankfurt office complex by Andrea Zander DEMIRE has acquired a stake in an office complex in Frankfurt am Main Langen, Germany.
