Banks that are starting to move off the sidelines and increase their commercial real estate lending are finding it may not be so easy to regain market share.

T he REIT industry is at an inflection point. As macroeconomic challenges — from interest rate volatility to rising operational costs — reshape the commercial real estate landscape, the importance of having the right leaders in the right roles for your organization has never been greater. With CEO transitions in REITs expected to accelerate over the next five years, boards face a critical decision: When does it make sense to promote from within versus hiring externally?

After more than 80 years of spectacular growth, higher education enrollment is declining. During the second half of the 20th century, the share of young people attending college steadily increased, peaking in 2011. Since then, the share has declined. This decline in college enrollment reflects two factors: the smaller recent cohorts of American high school graduates and the smaller share that is attending higher education institutions.

Location has taken on heightened significance in today’s evolving office landscape as tenants reassess their spatial needs amid shifting workplace dynamics. This transformation raises critical questions about resilience and opportunity: Which established submarkets are surpassing market averages? Which emerging corridors hold the most promise for future leasing activity?

As longtime readers know, the content of this publication is guided by an Editorial Advisory Board, composed of members of the institutional real estate investment community, including investors, consultants and investment managers. The board members meet twice annually to share their views and discuss the topics that are keeping them up at night.

Victory Logistics District, a 4,300-acre master plan in Fernley Nev. developed by Mark IV Capital, is poised to become a regional hub for digital infrastructure. With its recent 300-acre land sale to Microsoft, Victory is proving its potential to attract major tenants, bring in investment capital and drive job creation across the region.

Nuveen, the investment manager of TIAA, has closed a separate managed account on behalf of the California State Teachers’ Retirement System (CalSTRS) to invest in self-storage assets across the United States. This strategic collaboration includes an initial equity commitment of $150 million from CalSTRS, alongside a 10 percent equity commitment of $16.6 million from the TIAA General Account for a total allocation of $166.6 million.

Townsend Group has made a strategic investment in CleanArc Data Centers.

StepStone Real Estate (SRE), the real estate arm of StepStone Group, has held a final closing of StepStone Real Estate Partners V (SREP V), its fifth flagship fund dedicated to GP-led secondaries and recapitalizations of real estate vehicles.

The Virginia Retirement System (VRS) has committed $250 million to Hamilton Lane VA Real Estate, a separate account managed by Hamilton Lane that focuses on investing with smaller real estate fund managers on a global scale.

BKM Capital Partners (BKM) and Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson, have entered into a $1.5 billion joint venture partnership focused on light industrial real estate.