Manulife U.S. REIT signs letter of intent to sell Phipps Tower to sponsor by Kali Persall | May 25, 2023 Manulife U.S. REIT has signed a letter of intent with its sponsor, The Manufacturers Life Insurance Company, for the proposed sale of Phipps Tower, a 20-story class-A office building in Atlanta.
The nation’s rich making the shift to private equity and real estate by Mike Consol | May 25, 2023 How do the wealthy invest today, and what can we learn from them? While there is no single approach, there are lessons to be learned from how high-net-worth (HNW) investors manage their wealth and transfer it to future generations.
Aegis Consulting joins Commonwealth’ financial adviser network by Kali Persall | May 25, 2023 Commonwealth Financial Network, a registered investment adviser, has added Aegis Consulting to its network of independent financial advisers.
3650 REIT provides loan to refinance 264-unit Connecticut multifamily property by Released | May 24, 2023 3650 REIT has originated a $58 million loan to refinance the Brookview Commons multifamily property in Connecticut.
Hamilton Lane Impact Fund II holds final close at $370m by Kali Persall | May 24, 2023 Hamilton Lane has closed its second impact fund with more than $370 million of commitments — more than 3.75 times larger than its predecessor fund.
Intercontinental Real Estate promotes two to senior managing director by Kali Persall | May 24, 2023 Intercontinental Real Estate Corp., a national real estate investment, development and management firm and an SEC-registered investment adviser, has promoted Bart Weinstein and Matt Harrington to senior managing directors — co-heads of institutional services.
Senior housing occupancy levels rise in April by Kali Persall | May 24, 2023 The senior housing all-occupancy rate increased to 83.5 percent in the April reporting period, up 0.3 percentage points (pps) from March and up 5.7 pps from the 77.8 percent low recorded in June 2021.
Existing home sales decline in April across all major U.S. regions by Kali Persall | May 24, 2023 Existing home sales decreased in April, with all four major U.S. regions registering month-over-month and year-over-year sales declines, according to the National Association of Realtors (NAR).
Fidelity Investments launches multi-strategy credit fund for financial advisers by Kali Persall | May 23, 2023 Fidelity Investments has launched a multi-strategy credit fund, expanding its alternative investments product lineup, which includes 35 funds and $9.8 billion in assets under management, as of March 31.
Financial services veteran joins Pacific Oak Capital Markets by Kali Persall | May 23, 2023 Pacific Oak Capital Markets, a wholesaler and managing broker-dealer for alternative investment offerings, has hired financial services industry veteran Derek Mazza as regional vice president for the Northeast Territory.
Harrison Street and Toll Brothers sell 826-bed student housing community in Arizona by Kali Persall | May 23, 2023 Harrison Street and Toll Brothers, a builder of luxury homes, have announced the sale of Canvas Tempe, an 826-bed student housing community at Arizona State University, to University Partners. Financial terms were not disclosed.
Ryman Hospitality Properties extends revolving credit facility by Kali Persall | May 23, 2023 Ryman Hospitality Properties has completed a series of refinancing transactions that extends maturities of the $700 million revolving credit facility and $500 million term loan B.
Rising insurance premiums could affect apartment valuations by Loretta Clodfelter | May 23, 2023 Property insurance premiums are on the rise, driven up by the cost of weather-related events and other natural disasters, and that could have a significant impact on multifamily valuations.
Growing pains lie ahead for U.S. battery boom by Kali Persall | May 22, 2023 Although global energy storage firms are pivoting toward the U.S. battery market on the back of the Inflation Reduction Act (IRA), growing pains lie ahead, according to a new report, Taking Charge: Inside the U.S. Battery Boom, from U.S. law firm Troutman Pepper.
Brett Woodyatt joins Inland Securities Corp. as senior vice president of strategic relations by Released | May 22, 2023 Inland Securities Corp. (ISC), the exclusive dealer manager and placement agent for real estate investment programs offered by Inland Real Estate Investment Corp. and Inland Private Capital Corp., has appointed Brett Woodyatt as senior vice president of strategic relations.
