Research | Dec 13, 2024 Confluence of headwinds, tailwinds and presidential policies shape optimistic outlook for multifamily investment sector in 2025, says Origin Investments by Released Origin Investments is predicting that multifamily rents and construction costs will move higher in 2025, banks’ shifting “extend and pretend” strategies will force industry-wide losses, inflation will likely increase, and consumers will continue to choose renting versus buying homes because of a record pricing gap.
Fundraising | Dec 12, 2024 Canyon Partners raises $1.2b for its real estate debt strategy by Andrea Zander Canyon Partners Real Estate has held a final close of the Canyon US Real Estate Debt Fund III.
People | Dec 12, 2024 Joel Pecoy joins Barings to lead U.S. real estate debt asset management by Released Joel Pecoy has joined Barings to lead U.S. real estate debt asset management, effective immediately.
Transactions | Dec 12, 2024 PGIM Real Estate and Pithos Capital launch self-storage venture in France by Andrea Zander PGIM Real Estate and Pithos Capital have launched a joint venture in France to acquire and reposition self-storage assets.
Transactions | Dec 12, 2024 Blackstone announces acquisition of Tokyo Garden Terrace Kioicho, Japan’s largest ever real estate investment by a foreign investor by Andrea Zander Real estate funds managed by Blackstone have entered into definitive agreements to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use asset, from affiliates of Seibu Holdings for $2.6 billion.
Research | Dec 12, 2024 AI study finds global real estate secondaries market in excess of $23b annually by Released More than $23.4 billion worth of global real estate secondaries transactions closed in 2023 — significantly greater than existing market consensus estimates of roughly $10 billion — according to a new artificial intelligence–enhanced data capture methodology developed by CBRE Investment Management (CBRE IM).
Transactions | Dec 12, 2024 Newmark arranges $525m refinancing for flexible living apartment portfolio operated by Sentral by Released Newmark Group has completed a $525 million refinancing on behalf of ICONIQ Capital and Sentral: a first-of-its-kind single-asset, single-borrower CMBS loan to refinance flexible apartment properties.
Investors | Dec 12, 2024 Brookfield opens new office hub in Paris by Kali Persall Brookfield Asset Management, a global alternative asset manager with more than $1 trillion of assets under management, has opened a new office hub in Paris to deepen its established presence in the French market.
Transactions | Dec 12, 2024 Kite Realty Group partners with Fifth Wall by Released Kite Realty Group has plans to invest in Fifth Wall.
Real Estate | Dec 11, 2024 REITs rise 4% in November amid favorable outlook for 2025 by Loretta Clodfelter REIT fundamentals are solid and should pick up as the economy remains strong, transaction activity in real estate picks up and supply comes down, according to Todd Kellenberger, REIT client portfolio manager at Principal Asset Management.
Other | Dec 11, 2024 J.P. Morgan Asset Management hires alternatives strategist Aaron Mulvihill by Released Aaron Mulvihill has joined J.P. Morgan Asset Management on its market insights team as an executive director and global market strategist specializing in alternatives.
Transactions | Dec 11, 2024 Summit Hotel Properties announces pending acquisition of two-hotel portfolio for $96m through GIC JV by Released Summit Hotel Properties, through its joint venture with GIC, is under contract to acquire two hotels.
Transactions | Dec 11, 2024 Cousins Properties to acquire trophy lifestyle office property in Austin by Andrea Zander Cousins Properties has plans to acquire 601 West 2nd Street, also known as Sail Tower, an 804,000-square-foot trophy lifestyle office property in Austin, for a net purchase price of $521.8 million.
Transactions | Dec 11, 2024 Investcorp expands U.S. student housing portfolio with four acquisitions at flagship universities by Released Investcorp has completed four student housing acquisitions totaling nearly 3,000 beds for a gross transaction cost of more than $300 million.
Investors | Dec 11, 2024 OP&F targets up to $180m of real assets commitments in 2025 by Kali Persall The $19 billion Ohio Police & Fire (OP&F) Pension Fund has approved target allocation amounts for its 2025 commitments.
Fundraising | Dec 11, 2024 Red Stone Equity Partners closes largest multi-investor LIHTC Fund offering in its 17-year history by Released Red Stone Equity Partners has closed Red Stone Equity – Fund 113 Limited Partnership (Fund 113), a $263.2 million multi-investor Low Income Housing Tax Credit (LIHTC) equity investment fund.
Transactions | Dec 11, 2024 L.A. iconic trophy office tower sells for $200m by Andrea Zander The Gas company Tower, a 1.3 million-square-foot, iconic trophy office tower located in the heart of downtown Los Angeles (DTLA), Calif., has sold for $200 million.
Research | Dec 11, 2024 U.K. care home occupancy highest since 2019 by Released Occupancy levels across private care homes in the United Kingdom have returned to, and in some cases exceeded, the pre-pandemic long-term average, reaching 88 percent, according to Knight Frank’s 2024 Healthcare Trading Performance Report.
Transactions | Dec 10, 2024 Redevco acquires €627m U.K. retail park portfolio from Oxford Properties by Andrea Zander Redevco has completed the acquisition of a portfolio of 16 retail parks across the United Kingdom for £518 million (€627 million/$661 million).
Transactions | Dec 10, 2024 Suburban multifamily community in San Diego sells for $185m by Released Mesirow has purchased Preserve at Melrose, a suburban multifamily community built in 2015 that comprises 410 units in Vista, one of San Diego's most sought-after North County neighborhoods.
