Time to take profits? by Alex Frew McMillan The “upweighting” of real estate over the years caused yield compression. Previously strong equity markets also had the added denominator effect of requiring further allocations to real estate simply to match the expansion in size of an institution’s stock portfolio.
Driving allocations by Alex Frew McMillan After more than a decade of stimulus induced by the global financial crisis, the world is now contending with an even-larger wave of central-bank and government interventions.
Fundraising | May 1, 2020 German real estate manager launches €300m grocery retail fund by Kali Persall Deutsche Investment KVG has begun marketing its first investment fund in the grocery retail asset class.
Investors | May 1, 2020 OIC appoints Meketa as real estate portfolio consultant by Kali Persall Meketa Investment Group has been selected to provide consulting services for the Oregon Investment Council’s (OIC) real estate portfolio, according to a board meeting document from April 22.
Research | May 1, 2020 Logistics real estate industries outperform national average by Andrea Zander March retail sales highlight the resilience and outperformance of logistics, said Prologis Research in its fourth installment of its special report on COVID-19 and its implications for logistics real estate.
Investors | May 1, 2020 Florida SBA commits $375m to opportunistic funds in Q1 by Kali Persall The State Board of Administration (SBA) of Florida has closed two opportunistic real estate fund investments worth $375 million in first quarter 2020.
Research | May 1, 2020 Reductions in demand and occupancy to continue through third quarter by Andrea Zander The hotel industry had severe reductions in demand and occupancy in March, and that weakened performance is expected to continue through third quarter 2020.
Fundraising | May 1, 2020 Nuveen crosses $1b mark for real estate debt fund by Kali Persall IREI has learned that Nuveen Real Estate has raised $1.1 billion for its NPCCT U.S. Core-Plus Real Estate Debt Fund.
Research | May 1, 2020 With April CMBS delinquency rate, Trepp says it’s time to throw out the old measurements by Released April saw a large increase in the CMBS delinquency rate, according to Trepp, and the firm has newly updated fields to include loans categorized as “in grace period” or “beyond grace period.”
Research | May 1, 2020 WorldGBC and GRESB join forces to drive net zero carbon buildings by Released World Green Building Council (WorldGBC) and GRESB have announced a collaboration that will recognize companies who commit to making their portfolios “Paris Proof” by signing WorldGBC’s Net Zero Carbon Buildings Commitment.
Transactions | May 1, 2020 Tokyu Land US Corp. acquires several multifamily properties for $214m by Andrea Zander Tokyu Land US Corp. (TLUS), the U.S. subsidiary of the fully integrated Japanese real estate investment and development company Tokyu Land Corp., has made three acquisitions in the multifamily space, totaling $214 million in sales price.
Transactions | May 1, 2020 Piedmont Office Realty Trust to sell Philadelphia office for $360m by Andrea Zander Piedmont Office Realty Trust has agreed to sell the 801,000-square-foot office building at 1901 Market St. in Philadelphia for $360 million.
Early thoughts on post-pandemic scenarios for commercial real estate by Andreas Calianos Although we are in early days, one certainty remains: Massive and direct fiscal and monetary stimulus will occur at a level and speed previously unseen.
Cashing in by Marek Handzel It is common knowledge that UK retail was already in bad shape before the COVID-19 pandemic. Years of over expansion, rising business rates, growing e-commerce adoption and stagnant wage growth have decimated many once flourishing household brands.
Fundraising | May 1, 2020 Brookfield commits $500m to Fundamental Income’s new net-lease platform by Kali Persall Brookfield Asset Management has poured $500 million into a new net-lease platform launched by Fundamental Income, known as Fundamental Income Properties.