Investors | Nov 10, 2020 Oklahoma endowment pours $30m into Brookfield’s senior mezzanine debt fund by Kali Persall The Oklahoma Tobacco Settlement Endowment Trust is investing $30 million in a fund managed by Brookfield Asset Management.
Transactions | Nov 10, 2020 Tuan Sing Holdings sells Singapore office tower for $370m by Released Tuan Sing Holdings has plans to complete one of the largest commercial real estate transactions in Singapore this year.
Investors | Nov 10, 2020 Catella Residential IM to make €4.5b European portfolio carbon neutral by Released Berlin-based Catella Residential Investment Management (CRIM) has commissioned German ESG services provider Westbridge Advisory to help make its entire €4.5 billion ($5.3 billion) European portfolio carbon-neutral.
Investors | Nov 10, 2020 Oaktree Real Estate Debt Fund III adds Illinois TRS to its investor base by Kali Persall The $54.05 billion Teachers’ Retirement System (TRS) of the State of Illinois has plans to commit $100 million to a fund managed by Oaktree Capital Management.
Transactions | Nov 10, 2020 Blackstone acquires stake in $1.1b Guangzhou logistics park by Released Blackstone Group has plans to acquire a 70 percent share in Guangzhou International Airport R&F Integrated Logistics Park.
Investors | Nov 10, 2020 Real estate capital markets fare better during COVID-19 than GFC by Loretta Clodfelter The COVID-19 pandemic brought widespread economic disruption, but real estate capital markets have fared better than most expected, particularly when compared to the Great Financial Crisis.
Fundraising | Nov 9, 2020 Jet Investment opens new industrial fund to investors by Kali Persall Jet Investment is marketing a new open-end fund, Jet Industrial Lease, which will focus on purchasing real estate from industrial companies.
Investors | Nov 9, 2020 Cerberus picks up an additional Los Angeles pension plan for fifth fund by Kali Persall Los Angeles (Calif.) Fire & Police Pensions (LAFPP) has become the latest Los Angeles–based pension plan to back an opportunistic fund managed by Cerberus Capital Management in recent months.
Investors | Nov 9, 2020 Ventas and GIC form R&I development JV by Released Ventas has formed a joint venture with GIC, Singapore’s sovereign wealth fund.
Investors | Nov 9, 2020 Houston Firefighters approves $25m commitment to Torchlight Debt Fund VII by Kali Persall The $4.26 billion Houston Firefighters’ Relief and Retirement Fund (HFRRF) has voted to commit up to $25 million to a value-add fund managed by Torchlight Investors.
Transactions | Nov 9, 2020 Allrise Capital acquires full ownership of mixed-use real estate portfolio by Released Allrise Capital has gained full control of a portfolio of mixed-use real estate properties and sites in San Francisco and Berkeley through the acquisition of its minority partner’s interest.
Transactions | Nov 9, 2020 Clarion Partners Europe acquires warehouse property in Rotterdam by Released Propertize has sold a warehouse property, located at Bosporusstraat 10 on the Maasvlakte in Rotterdam, the Netherland.
Transactions | Nov 9, 2020 Eagle Four Partners JV acquires Newport Beach resort, plans transformative project by Andrea Zander Eagle Four Partners and Lyon Living have acquired Newport Beach Marriott Hotel & Spa located in Newport Center adjacent to Fashion Island in Orange County, Calif.
Transactions | Nov 9, 2020 Gaw Capital Partners JV buys CityPlazaOne for $1.27b by Released Gaw Capital Partners, through a fund under its management, and consortium partners, including Schroder Pamfleet, entered into a sale and purchase agreement with Swire Pacific and Swire Properties for the purchase of CityPlazaOne.
People | Nov 9, 2020 Malgorzata de la Torre joins Arrow Capital Partners in Spain by Released Arrow Capital Partners, an investor and operator of real estate in Europe and Asia Pacific, has appointed Malgorzata de la Torre as head of acquisitions, Spain.
People | Nov 9, 2020 Abu Dhabi real estate developer names CEO by Released Abu Dhabi real estate developer Bloom Holding has announced the appointment of Walid El-Hindi as its new CEO.
Transactions | Nov 9, 2020 Deka Immobilien acquires office building in Ireland by Released Deka Immobilien has acquired an office building in Dublin for €140 million ($165 million) from Kennedy Wilson.
Investors | Nov 9, 2020 PATRIZIA expands into North American proptech VC market by Released PATRIZIA AG has entered into a strategic partnership with North American proptech venture capital firm.
Research | Nov 9, 2020 Q4 to see record healthcare investment volumes despite COVID-19 by Released The U.K. healthcare property market is set to see record quarterly transaction levels for both mergers and acquisition and fixed income in the fourth quarter 2020 with investment volumes in 2020 year-to-date (YTD) already 25 percent higher than last year.
Investors | Nov 9, 2020 2020 inspires renewed commitment to social responsibility by Loretta Clodfelter The current environment has demonstrated the importance of social responsibility, including a focus on diversity and inclusion. Sonny Kalsi, CEO of BentallGreenOak, points to 2020’s pandemic and protests as two strong indicators that the private sector needs to take diversity seriously.
