Research | Jun 11, 2020 REITs underperform broader stock market in May by Loretta Clodfelter With a few notable exceptions — the month had strong performances by the self-storage and infrastructure sectors — equity REITs underperformed the broader stock market in May.
Fundraising | Jun 11, 2020 FPA Multifamily raises $970m for fifth core-plus fund by Released FPA Multifamily, an owner/operator of apartment communities has held a final close for its FPA Core Plus Fund V, raising $970 million in equity commitments.
Held back by Marek Handzel The UK’s high streets will struggle to regenerate post-coronavirus if the country’s business rates system is not radically reformed, according to Martin Davenport, a partner and head of business rates at commercial property consultancy Hartnell Taylor Cook.
Investors | Jun 11, 2020 LaTerra Development and QuadReal launch $250m L.A. core multifamily JV by Andrea Zander LaTerra Development, a Los Angeles–based developer of urban infill mixed-use properties, today announced the formation of a programmatic joint venture with QuadReal Property Group.
Transactions | Jun 10, 2020 Simon Property Group terminates Taubman agreement by Released Simon Property Group has exercised its contractual rights to terminate its Feb. 9, 2020, merger agreement with Taubman Centers. The prospective deal was valued at approximately $3.6 billion when it was announced in February.
Fundraising | Jun 10, 2020 LIP Invest launches third logistics real estate fund by Released LIP Invest, a Munich-based investment specialist for logistic real estate, has launched its third logistic real estate fund since 2018.
Investors | Jun 10, 2020 Montana Board of Investments commits $50m to Stockbridge Value Fund IV by Kali Persall Montana Board of Investments (MBI) has made a $50 million commitment to a value-add real estate fund, according to a recent investment report.
People | Jun 10, 2020 JLL announces APAC leadership changes to hotels and hospitality group by Released JLL’s Hotels and Hospitality Group today announced a series of changes to the Asia Pacific leadership team to support its long-term business objectives and align with the evolving requirements of its investment clients.
Investors | Jun 10, 2020 Illinois SURS backs PIMCO DISCO III by Kali Persall The Illinois State Universities Retirement System (SURS) has greenlighted a $225 million commitment a debt fund managed by Pacific Investment Management Co.
Transactions | Jun 10, 2020 BentallGreenOak JV acquires Nashville hotel by Released As part of a new three-way venture, BentallGreenOak (BGO), Flank Management LP, and Geolo Capital have acquired Hutton Hotel in Nashville, Tenn., in an all-cash purchase for an undisclosed price.
Fundraising | Jun 10, 2020 Mirabaud Asset Management and CBRE Capital Advisors partner on Paris development fund by Released The strategy dedicated to the Grand Paris area launched in 2019 by Mirabaud Asset Management has already successfully secured initial commitments of €60 million ($68 million), mainly from institutional investors.
Transactions | Jun 10, 2020 Catella Residential IM seals deals for €51m in German assets under pension mandate by Released Berlin-based Catella Residential Investment Management (CRIM) has acquired student housing and general residential developments in Bielefeld and Bad Homburg in Germany.
Transactions | Jun 10, 2020 InfraRed adds space to ‘Vantage’ urban logistics platform by Released InfraRed Capital Partners, on behalf of its InfraRed Active Real Estate Fund IV, has acquired a further 450,000 square feet of space across four transactions and seven assets in the North West of England.
Transactions | Jun 10, 2020 Global Student Accommodation completes latest acquisition in Madrid by Released Global Student Accommodation Group (GSA) has acquired Emilia Pardo Bazan, a 302-bed purpose built student accommodation property in Madrid.
Transactions | Jun 10, 2020 Aviva Investors to develop logistics warehouse in Netherlands by Released Aviva Investors has started the speculative development of a logistics warehouse in the north of Rotterdam, the Netherlands, on behalf of one of its clients, which it expects to be completed in the second quarter of 2021.
SPONSORED: Moving beyond the amenities arms race in multifamily by Jennifer Babcock Hines has been predominantly thought of as an office developer, but actually the firm has more multifamily projects in design and under construction than office right now
People | Jun 9, 2020 CBRE GI hires new Americas head of real assets research by Released Heidi Learner has joined CBRE Global Investors as the Americas head of real assets research.
Investors | Jun 9, 2020 Former NYC deputy mayor launches development platform by Released Former New York City Deputy Mayor Alicia Glen has announced the launch of MSquared.
Transactions | Jun 9, 2020 Hines, MetLife begin mixed-use complex in Concord, Calif. by Released Hines along with investment partner MetLife Investment Management has started construction of The Grant, a mixed-use complex of 228 luxury apartments in Concord, Calif.
Investors | Jun 9, 2020 Foundry Commercial and Foster Senior Living form Seniors Housing JV by Released Orlando-based real estate services and investment firm Foundry Commercial has announced the formation of a joint venture partnership with Missouri-based Foster Senior Living.
