Transactions | Jun 3, 2020 GIC in talks to buy StorageMart stake by Andrea Zander Singaporean sovereign wealth fund GIC is in talks to acquire a stake in Columbia, Mo.-based StorageMart, reported Bloomberg.
People | Jun 3, 2020 Amy Wierenga joins GCM Grosvenor as chief risk officer by Released Amy Wierenga has joined GCM Grosvenor as chief risk officer.
Research | Jun 3, 2020 INREV: Leading five managers exceed €100b each, while others rise up the rankings by Andrea Zander Total global real estate assets under management (AUM) hit a record €3.2 trillion ($3.6 trillion) at the end of 2019, according to the Fund Manager Survey 2020, published today by ANREV, INREV and NCREIF.
Research | Jun 3, 2020 U.K. physical stores remain key driver to success for the retail sector by Andrea Zander Physical stores remain a key driver to success for retailers in the United Kingdom, according to CBRE. The government’s furlough scheme and business rates relief have provided lifelines for many retailers since the outbreak, but further assistance from landlords is required to help keep stores open, while the true cost of COVID-19 to retailers is still unknown.
People | Jun 3, 2020 Slate Office REIT appoints new CEO by Released Toronto-based Slate Office REIT has named Steve Hodgson, its current COO, as CEO.
Investors | Jun 3, 2020 SL Green Corp. develops plan for re-entry for tenants by Andrea Zander SL Green Realty Corp. has begun implementing its “SLG Forward” initiative, a comprehensive approach to providing a safe and welcoming environment to all tenants, visitors and employees.
Transactions | Jun 3, 2020 Bell Canada and Equinix strike C$1b data center deal by Kali Persall Bell Canada has entered into a definitive agreement to sell 25 data centers at 13 sites to Equinix in a C$1.04 billion ($770 million) all-cash transaction.
Transactions | Jun 3, 2020 CIG Capital announces new $125m lending project for The Villages at West Point by Released CIG Capital has announced a new $125 million lending project for The Villages at West Point, an upscale and affordable 624-unit destination-location development in West Point, Ga.
Investors | Jun 2, 2020 Tennessee trust fund invests in Stonelake’s latest opportunistic real estate fund by Kali Persall IREI has learned that the Metropolitan Government of Nashville and Davidson County (Tenn.) Employee Benefit Trust Fund has committed up to $20 million to Stonelake Opportunity Partners VI.
Fundraising | Jun 2, 2020 Kayne Anderson debt fund exceeds $1b target by Kali Persall Kayne Anderson Real Estate has completed fundraising for its most recent debt fund.
Research | Jun 2, 2020 COVID-19 fallout to cost U.S. economy $7.9t over next decade by Andrea Zander Fallout from the COVID-19 pandemic will shrink the size of the U.S. economy by $7.9 trillion over the next decade, according to new projections released by the Congressional Budget Office (CBO).
Transactions | Jun 2, 2020 Greystar acquires property management business of Alliance Residential by Andrea Zander Greystar Real Estate Partners has acquired the property management business of Alliance Residential Co.
Transactions | Jun 2, 2020 PATRIZIA sells German DIY portfolio for €96m by Released PATRIZIA AG has sold a portfolio of seven retail properties in Germany to Captiva, a German real estate investment company, for €96 million ($107 million).
People | Jun 2, 2020 Matt Whitby named a principal of Sumner Capital by Jennifer Molloy Matt Whitby has joined Sumner Capital as a principal of the business, partnering with the long-term owner and other principal Kirby Parsonage.
Investors | Jun 2, 2020 Swiss Life Asset Managers plans new investment solution for European industrial and logistics real estate by Andrea Zander wiss Life Asset Managers has plans for a new investment solution for European industrial and logistics real estate. The aim is to achieve a target volume of around €1 billion ($1.1 billion).
Investors | Jun 2, 2020 Hammerson flagship destinations in England to re-open by Released Hammerson has announced that its flagship destinations in England are to reopen from June 15, in line with the latest guidance from the U.K. government.
Investors | Jun 2, 2020 Kimco Realty explores opportunity to sponsor a separate investment vehicle by Released Kimco Realty Corp. is exploring the opportunity to sponsor a separate investment vehicle.
Investors | Jun 1, 2020 IMRF joins number of U.S. pension funds in backing AEW IX by Kali Persall At its May 28 investment committee meeting, Illinois Municipal Retirement Fund (IMRF) approved a commitment of up to $50 million to an opportunistic fund managed by AEW Capital Management.
Transactions | Jun 1, 2020 Armada Hoffler Properties completes $90m retail portfolio sale by Released Armada Hoffler Properties has completed the sale of a portfolio of retail assets to an institutional buyer for $90 million.
Transactions | Jun 1, 2020 Transwestern acquires industrial center in Atlanta by Released Transwestern Investment Group has acquired Bohannon Logistics Center, a 238,533-square-foot industrial building at 5002 Bohannon Road in Fairburn, Ga. The newly constructed property was completed in early 2020.
