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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Atom bank and Kamma have formed a significant partnership aimed at addressing the pressing concerns of climate change. This collaboration brings together Atom bank’s cutting-edge banking technology with Kamma’s climate tech expertise, creating a comprehensive approach to understanding and mitigating climate risks associated with Atom bank’s mortgage portfolio.
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Venture Capital: Slope, A B2B Solutions Provider Backed By Sam Altman, Scores $30M Funding
Slope, a two-year-old AI startup based in San Francisco, has secured a substantial $30 million equity round led by Union Square Ventures and featuring participation from OpenAI’s CEO, Sam Altman. This brings the startup’s total funding to an impressive $187 million.
Alternative Investments/Real Estate: AXS Investments Launches Mortgage REIT Focused ETF
AXS Investments has teamed up with Gapstow Capital Partners to introduce a novel ETF named the AXS Real Estate Income ETF (NYSEARCA: RINC). This ETF offers an innovative avenue for higher yields through exposure to liquid real estate investments.
Venture Capital: UK-Based PropTech Kamma Raises $4.6M For Decarbonizing Real Estate
UK property data and analytics company, Kamma, has secured a £3.6 million ($4.6 million) investment led by the Clean Growth Fund to further develop its property data engine. The engine utilizes advanced geospatial technology to gather and process property data, enabling the formulation of efficient strategies for achieving Net Zero in the UK property sector, encompassing both residential and commercial properties.
Digital Assets: Securitize Issues Tokenized REIT Shares in Spain Targeting €150M Raise
Spanish health care REIT Mancipi S.A. plans to raise €150 million using Securitize’s technology, issuing shares on the Avalanche blockchain. Securitize becomes the first platform authorized to issue digital asset securities in both the U.S. and Europe, anticipating an EU-wide license.
Venture Capital: Real Estate ESG Platform Measurabl Scores $93M Series D
Measurabl, a leading ESG (environmental, social, governance) technology platform for real estate, has closed a $93 million Series D funding round to support its global expansion. The funding will be used to enhance Measurabl’s ESG technology solutions, expand into new markets, and establish global partnerships.
Alternative Investments/Real Estate: Index IQ Launches Real Estate ETF In Collaboration With CBRE
IndexIQ has launched its latest ETF, the actively managed IQ CBRE Real Assets ETF (IQRA) sub-advised by CBRE Investment Management Listed Real Assets LLC. The ETF aims to provide total returns through a diversified portfolio of core real assets securities that seek to generate capital growth and current income.
Alternative Investments/Real Estate: Columbia Threadneedle Debuts ETF Focused On REITs
Columbia Threadneedle Investments has launched the Columbia Research Enhanced Real Estate ETF (NYSEARCA: CRED), expanding its exchange-traded fund (ETF) offering. The fund tracks a custom, proprietary index that is designed to outperform the FTSE Nareit All Equity REITs Index by selecting securities based on research and modifying market cap weighting to emphasise income and geographic opportunity.
Alternative Investments/Real Estate: According To DoubleLine, The Time For Investing In Commercial Real Estate Is Now
DoubleLine Capital LP, a $92 billion asset manager, sees opportunities in the commercial real estate market despite concerns over the industry’s outlook. According to Morris Chen, who manages the recently launched DoubleLine Commercial Real Estate exchange-traded fund (NYSEARCA: DCMB), the current negative sentiment has created an attractive entry point for higher-quality credit.
FinTech: CoreLogic Acquires Digital Mortgage Platform Roostify
CoreLogic (NYSE: CLGX), a property information and analytics provider, has acquired digital mortgage platform Roostify for an undisclosed amount. The integration of Roostify’s digital lending platform with CoreLogic’s data and analytics suite will allow lenders to access important data on borrowers and properties early in the lending process, resulting in a faster and more efficient customer experience with lower underwriting expenses.
Venture Capital/Real Estate: Dreamscape Lands $850M For Gaming And Entertainment Platforms, Revamp Of Rio
Dreamscape Companies, a real estate development and investment firm founded by Eric Birnbaum, has completed an $850 million capital raise. Wells Fargo (NYSE: WFC) and Raymond James led the debt syndicate and equity private placement, respectively.
Alternative Investments/ESG: Franklin Templeton Launches Sustainable Infra ETF
The ClearBridge Sustainable Infrastructure Exchange-Traded Fund launched by Franklin Templeton seeks to invest in income-generating infrastructure assets with strong environmental, social and governance attributes and stable cash flows. The fund may invest in the physical assets necessary for communities and economies to function and grow, including transportation, electricity, energy infrastructure, water, sewage, communications and renewables.
Alternative Investments/Real Estate: Dimensional Launches Global Real Estate ETF
Dimensional Fund Advisors has added a real estate ETF to its ETF line-up. The Dimensional Global Real Estate ETF offers investors the opportunity to invest in a variety of US and international real estate equities. The fund is a systematic active transparent ETFs built on Dimensional’s foundational investment approach that the firm has continuously refined over its 41-year history.
Venture Capital: Andreessen Horowitz Invests $350M In Adam Neumann’s Rental Real Estate Startup
Andreessen Horowitz, also known as “a16z,” and usually described as the storied venture capitalist firm from Silicon Valley, announced Monday its $350 million investment in Flow, a rental real estate startup founded by Adam Neumann, of WeWork fame. The investment, said to be the largest individual cheque Andreessen Horowitz has ever written in a round of funding to a company, valued Flow at $1 billion, even though it is expected to launch only in 2023.
Alternative Investments: The New York State Common Retirement Fund Allocates $3B To Alternatives In June
The monthly transaction report from the $280 billion New York State Common Retirement Fund showed an investment outlay of more than $4 billion in June. Significantly, and in a sign of the times, more than 75% of that was plowed into alternatives such as real estate ($2.2 billion) and private equity funds (over $1 billion).
Venture Capital: Fifth Wall VC Raises $500M To Decarbonize Real Estate
Venture capital firm Fifth Wall has raised $500 million for its inaugural Climate Fund that seeks to help decarbonize global real estate through investments in software, hardware, renewable energy, energy storage, smart buildings, and carbon sequestration technologies. Investors included American Homes 4 Rent, BBVA, British Land, Camden Property Trust, CBRE, Cosan, The Durst Organization, Equity Residential, Hilton, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge, Kimco Realty Corporation, Lineage Ventures, MGM Resorts, NZ Super Fund, Osgoode Properties, and UDR, among others.
Alternative Investments/Real Estate/ESG: Bridges Closes Fifth Fund At £350M For Sustainable Real Estate
In a rousing testament to the demand for sustainable real estate, Bridges Fund Management closed its fifth real estate fund, the Bridges Property Alternatives Fund V at its hard cap of £350 million. Fund V is about 60% larger than its predecessor fund, and is notable for investment by a host of new LPs drawn to the fund’s dual objectives of both financial and sustainability performance.
Alternative Investments/Digital/VC/RealEstate: VC To Be Bitcoin’s Saviour, Prefer Crypto To Real Estate (JP Morgan)
JPMorgan said in a research report Wednesday that despite the fallout from the Terra/Luna collapse, the crypto market would be saved from a “winter” by venture capital, and that bitcoin could rebound to its fair value of $38,000 after a “capitulation” in recent weeks. That implies an upside of about 28% from bitcoin’s current price of $29,618.
Alternative Investments/Real Estate: JPMorgan Converts A Realty Income Fund To ETF
The JPMorgan Realty Income Fund, an open-ended mutual fund which was in operation since January 1, 1998, has converted to the JPMorgan Realty Income ETF with effect from the close of business of May 20, 2022. The ETF seeks to provide high total investment return through a combination of capital appreciation and current income.
Alternative Investments/Real Estate: The Principal Real Estate Active Opportunities ETF Starts Trading Today
Principal Global Investors has launched today its first semi-transparent ETF focusing on the non-traditional property sectors of the publicly traded U.S. real estate market: The Principal Real Estate Active Opportunities ETF (NYSEARCA: BYRE) is an actively managed fund seeking total return.
Digital Assets: Dubai’s Damac Properties To Accept Payments In Crypto, Build Metaverse Cities
Leading Dubai developer Damac Properties has announced it will accept the bitcoin and ethereum cryptocurrencies in payment for its properties. The objective, the builder said Wednesday, was to provide cryptos’ convenience and optionality to real estate investors globally. The move would also help revolutionize the future of real estate, specifically, in Dubai.
Alternative Investments/Real Estate: Global X Launches Green Building ETF
Global X has launched a new Green Building ETF that will allow investors exposure to the theme of rising global demand for environmentally-friendly buildings. With buildings responsible for up to 38% of energy-related carbon emissions globally and 50% of all extracted materials, green buildings are key to reducing building-related emissions and improving urban resiliency in the face of climate change.
Alternative Investments/Real Estate: First Trust Launches Disruptive Technology Real Estate ETF In Europe
The First Trust Alerian Disruptive Technology Real Estate UCITS ETF, a new launch from First Trust, offers investors exposure to unconventional, digital-related real estate plays around themes including cloud computing (through exposure to data centers), 5G connectivity (telecommunication tower sites), and e-commerce logistics (specialized buildings and warehouses).
Venture Capital: Deepki, Which Provides ESG Intelligence For Real Estate, Raises $166M
Deepki, a French startup, offers a SaaS platform that helps real estate investors, owners and managers improve the ESG performance of their real estate assets and in the process, enhance their value. Claimed to be the only such ESG intelligence company in the world with a focus on real estate, Deepki collected €150 million in a Series C round of funding that was co-led by One Peak and Highland Europe, two London-based VC firms specializing in European investments. Bpifrance, Revaia, Hi Inov and Statkraft Ventures also participated in the funding.
Alternative Investments/ESG: BNP Paribas Launches ETFs Targeting Hydrogen And Sustainable Real Estate
BNP Paribas Asset Management has launched ESG-filtered thematic ETFs targeting real estate and the hydrogen economy. The BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF (HYDRO FP) provides thematic equity exposure to companies involved in hydrogen economy. Meanwhile, the BNP Paribas Easy FTSE EPRA/NAREIT Global Developed Green CTB UCITS ETF (GRCTB FP) offers exposure to developed market REITS and real estate companies while tilting towards the most environmentally friendly securities.