Real Estate

Real estate remains a top-performing asset and in robust demand among institutional investors and high-net-worth investors. This best-in-class asset comprises nearly $300 trillion in global value and continues to climb as demographics fuel international demand. From REITs to capital flows, from private equity strategies and value creation to booming demand for luxury properties, the DailyAlts Real Estate channel covers the top news and insights in the space

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Real Estate: KKR Buys the Summit from Hines Global REIT

Hines Global REIT is a non-traded real estate investment trust that has been selling properties and winding down operations. Last week, the firm announced that it had sold The Summit portfolio in Bellevue, Washington, for a contract price of $756 million to private equity firm KKR. The Summit is comprised of two Class A Office Towers and a third tower that is currently under construction. Amazon will be leasing 3000 square feet of the third tower once it is completed.

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Mitsubishi Prepares to Launch U.S-Based REIT
November 19, 2019

Japanese trading giant Mitsubishi Corp. will launch its first U.S.-based real estate investment trust.

Recap of the Brookfield Asset Management Earnings Report
November 19, 2019

The Brookfield Asset Management earnings report emerged last week. The company had another solid quarter. Fee-related earnings before performance fees increased 35% over the prior-year quarter.

Casino “Whale” Caesars in Eldorado’s Net: Shareholders Green Light Their Merger
November 18, 2019

Thanks to Carl Icahn’s activism, and an $8.58 billion acquisition kitty, Eldorado is in the driver’s seat in US casino operations. It will soon have Caesars in its fold. After…

Mitsui Fudosan Scores Facebook as Tenant at Hudson Yards
November 15, 2019

Facebook is moving to Hudson Yard, the single largest private real estate project in the United States. The social media giant will lease 30 floors and three buildings in the…

Quarz Capital Pushes for Sabina-ESR REIT Merger
November 14, 2019

Quarz Capital Management is pushing for a merger of two large Singapore-based real estate investment trusts (REITs). The activist fund is pushing for a merger of Sabana Shari’ah Compliant Industrial…

Bad to Worse: WeWork Bonds are Plunging
November 13, 2019

WeWork bonds hit new lows this week after a financial review of the company MarketAxess.

A Profitable Portfolio: Let Casino REITs Boost Your Odds
November 12, 2019

Daniel Adams, an analyst at Nomura Instinet, thinks gaming REITs are likely to be re-rated higher by investors. Valuations in the three-player sector could notch higher based on property sales,…

The Top Market for European Real Estate Investment Is…
November 11, 2019

The top European real estate market for investors is Paris, France. That rank comes from a new report on emerging trends in the European markets from PwC and ULI. Paris…

Greystar Real Estate Partners Raises $2 Billion for GEP X
November 7, 2019

Greystar Real Estate Partners raised $2 billion for a new U.S. multifamily fund. Further, the new fund will target multifamily investments in the U.S. markets.

Melvin: Breaking Down Jones Lang LaSalle’s Outlook
November 7, 2019

Jones Lang LaSalle released its third-quarter U.S. Office outlook recently. The global commercial real estate firm found that conditions are generally good.