Arch Street Capital Advisors expands into infrastructure by Kali Persall | May 2, 2023 Arch Street Capital Advisors, a real estate investment and advisory firm, has made its foray into the infrastructure sector.
True Green Capital to take majority stake in U.S. cleantech company by Kali Persall | May 2, 2023 Renewable energy infrastructure investment firm True Green Capital Management (TGC) has plans to acquire a majority ownership in CleanChoice Energy, a cleantech company.
NYSTRS reallocates $375m of commitments from REIT accounts by Kali Persall | May 2, 2023 The New York State Teachers’ Retirement System (NYSTRS) has reallocated a total of $375 million out of externally managed REIT accounts, according to an April 26 board meeting document.
OP&F appoints Parametric to manage $350m commodities mandate by Kali Persall | May 2, 2023 The $17.3 billion Ohio Police & Fire Pension Fund (OP&F) has selected Parametric to manage a $350 million mandate in its new commodities asset class.
Continental Properties closes apartment fund with $130.5 million by Larry Gray | May 1, 2023 Continental Properties has announced the closing of its seventh commingled real estate fund, Continental Properties Real Estate Income Fund V.Â
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.
