Partners Capital launches 5th value-add commercial real estate fund by Kali Persall | May 1, 2023 Partners Capital, the investment platform of Partners Real Estate, has launched its fifth commercial real estate investment vehicle for its value-add investment strategy.
From red-hot to ice-cold: Once coveted nonlisted real estate funds meet their Waterloo in 2023 by Sheila Hopkins | May 1, 2023 Public nonlisted real estate funds, especially nontraded REITs (NTRs), have been on fire the past two years. 2021 proved to be a record-setting year with $36.5 billion raised, and 2022 wasn’t far behind. 2023 is a different story altogether. Fundraising among nontraded real estate investment trusts in February 2023 sank to just $489 million, a low not seen since August 2020, while reported monthly redemptions have exceeded $1.7 billion, an amount reflecting 351 percent of fundraising and about 1.6 percent of reported net asset value (NAV) for the industry, according to Robert A. Stanger and Co.
Passion Play: Citi Global Wealth’s Kristen Bitterly Michell shares her journey to the finance world by Mike Consol | May 1, 2023 CURRENT ISSUE: Citi Global Wealth's Kristen Bitterly Michell was awash in divergent career interests until a Chicago financial institution settled the matter
SPONSORED: Clarion Partners — U.S. multifamily investment opportunity post-COVID by Sheila Hopkins | May 1, 2023 In a sponsored report published in the May issue of Real Assets Adviser, Tim Wang, managing director and head, investment research, and Julia Laumont, vice president, investment research at Clarion Partners, explain why they are optimistic about the outlook for U.S. multifamily in 2023 and beyond.
U.S. Energy Development Corp. pays $225m for interest in core Midland Basin Project by Kali Persall | May 1, 2023 U.S. Energy Development Corp., an exploration and production company, has acquired a 25 percent working interest in the Mascot Project, a stacked-pay asset in core Midland Basin, for $225 million in cash and other consideration.
EdgeCore to expand data center campus in Arizona by Kali Persall | May 1, 2023 EdgeCore Digital Infrastructure, a wholesale data center developer, owner and operator, has expanded its data center campus in Mesa, Ariz.
Infrastructure in the 2020s: economics, environment, geopolitics by Benjamin Cole | May 1, 2023 For centuries, building and investing in infrastructure was primarily about developing the sinews of economic growth, such as the canals, railroads, highways and ports. Founding father Benjamin Franklin’s first claim to fame was in 1737 when, as postmaster general of Philadelphia, he earned admiration for improved service through better postal roads, eventually linking Philadelphia mail to New York City with a 24-hour turnaround time.
Avaada Group secures $1b from Brookfield for green hydrogen, solar expansion by Kali Persall | May 1, 2023 Avaada Group has captured $1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing $1.3 billion fundraise.
Hydro One advances transmission line project to support mining operations in Ontario by Released | Apr 28, 2023 Hydro One has received a letter from the Independent Electricity System Operator (IESO) confirming the need for clean, reliable electricity in northwest Ontario to support mining operations.
Advisor Group to unify 8 independent wealth management firms into single entity by Kali Persall | Apr 28, 2023 Advisor Group, one of the nation’s largest independent wealth management firms, is planning to consolidate the eight firms in its network during the next 18 to 24 months.
AI offers powerful possibilities for real estate investment and management by Loretta Clodfelter | Apr 28, 2023 Artificial intelligence (AI) is poised to make sweeping changes across industries, and commercial real estate is unlikely to be left out. The opportunities for AI in real estate run the gamut from asset and property management to investment analysis and economic forecasts.
ElmTree Funds names Matt Innes managing director, head of investor relations by Kali Persall | Apr 28, 2023 ElmTree Funds, a net-lease real estate private equity firm, has appointed Matt Innes to the role of managing director, head of investor relations. He will be responsible for the firm’s capital-raising activities.
Croatan invests in Houston build-to-rent project by Released | Apr 28, 2023 Croatan Investments, a rental housing investment manager for private wealth and institutional capital, has made a preferred equity investment in District West, a 117-unit build-to-rent project in Houston.
Cohen & Steers examines infrastructure in new inflationary environment by Drew Campbell | Apr 27, 2023 According to Cohen & Steer’s report, Infrastructure investing in the new economic paradigm, investors need to understand how the new inflation and interest rate environment will affect investment markets.
WSIB to invest $100m in commodities fund by Kali Persall | Apr 27, 2023 The Washington State Investment Board (WSIB) has approved an investment of up to $100 million in Sprott Private Resource Streaming and Royalty Annex, managed by Sprott Resource Streaming and Royalty.
