Real Estate ExchangeRight takes two net-leased portfolios ExchangeRight has bought two additional net-leased portfolio DSTs full cycle in first quarter 2021, generating…
Real Estate Partners Group sells U.S. industrial real estate portfolio for $1b Partners Group has sold a large-scale portfolio of U.S. industrial assets for more than $1…
Other China: Exports and imports both continue to be strong Exports from China in U.S. dollar terms surged again in March from a year ago,…
From the Current Issue The current and coming era of intelligent buildings by Mike Consol Let’s start with a simple analogy: the automobile was always a fairly sophisticated piece of machinery, with an engine made more powerful and efficient over the years. But it wasn’t until automakers started packing their vehicles with sensors and computer chips that they became truly intelligent and offered drivers an array of capabilities. Today, many advanced vehicles run on electric rather than combustion engines, and some can even take passengers from point A to point B autonomously. The average car has 30 to 50 microprocessors on board, and high-end cars have as many as 100, and they are accompanied by 60 to 100 electronic sensors.
From the Current Issue Falling short: Q4 fundraising down versus previous quarter and Q4 2019 by Drew Campbell According to the FundTracker database, infrastructure fundraising in fourth quarter lagged third quarter, though 12 funds raised more than $15.7 billion in equity capital. In third quarter, $15.9 billion was raised through seven fund closings. But fourth quarter 2020 fundraising was far short of the $41.1 billion raised a year ago in fourth quarter 2019.
Featured Event Real Assets Adviser Editorial Advisory Board Meeting The April 26-29, 2021 virtual meeting of the Editorial Advisory Board for Real Assets Adviser magazine…
Resource Center Author Spotlight: First woman to run a Wall Street hedge fund discusses intuitive investing
Real Estate Hines, PC Urban Properties partner to build mass-timber office building in Vancouver PC Urban Properties Corp and Hines have entered into partnership to build western Canada’s largest…
Energy EIG signs $12.4b infrastructure deal with Aramco EIG has entered into a sale and leaseback agreement with Saudi Arabian Oil Co. (Aramco),…
Real Estate RIA secures final approvals for $300m destination hotel in Miami ESJ Capital Partners, an Aventura, Fla.-based commercial real estate firm and a registered investment adviser,…
From the Current Issue Beam me down, Scotty: Pentagon and European space-based solar projects making strides by BBC and CNN Though it sounds like science fiction, scientists working on behalf of the Pentagon have successfully collected solar energy in outer space and beamed it back to Earth. A panel the size of a pizza box, known as a photovoltaic radiofrequency antenna module (PRAM), was first launched in May 2020, attached to the Pentagon’s X-37B unmanned drone, to harness light from the sun and convert it to electricity, according to a CNN report.
From the Current Issue The distress around distressed debt funds by Steve Bergsman The COVID-19 pandemic has introduced dislocation within real estate markets, and lending markets have experienced some shake-ups. That has meant potential debt-investment opportunities. “The current commercial real estate lending market is favorable and offers attractive risk-adjusted returns for investors who are well capitalized and able to respond nimbly to what we expect will be an evolving opportunity set,” says Matt Salem, partner and head of KKR’s real estate credit business. In mid-autumn 2020, the Federal Open Market Committee warned small- and medium-size banks could face stress from defaults on loans to commercial real estate if consumers continued to avoid traveling and shopping. That was also a concern for the real estate debt–fund industry; in the aftermath of the great financial crisis, more stringent banking regulations were put in place, and since then, banks have been underwriting the most secure property loans. In short, the banks had the best pricing and the best transactions. So, if the banks were stressed, where does that leave other types of lenders?