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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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.
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More Stories on Real Estate
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.
Alternative Investments/Real Estate: Palladius Launches Real Estate Fund On The RealtyMogul Platform
Real estate investment manager Palladius Capital Management has launched the Palladius Real Estate Fund I on real estate technology platform RealtyMogul. The private real estate investment fund is targeting a fund raise of $100 million to deploy in multifamily and student housing assets across the country, expecting to generate an internal rate of return of 17.5% over a four- to six- year hold period.
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN) CEO and co-founder Brian Armstrong. The seller: a corporate entity linked to Japanese entrepreneur Hideki Tomita.
Digital Assets: Colombian Real Estate Project Accepting Bitcoin
Natura City, a new housing project located in an exclusive locality of Santa Marta, is available to buyers looking to make payments for real estate in bitcoin. The project is being marketed by Colombian real estate platform La Haus, and one of the selling points is the facility of making payment using bitcoin.
Digital Assets: Ledn Lands $70M For World’s First Bitcoin-Backed Mortgage Product
Global digital asset savings and credit platform Ledn announced a $70 million Series B funding round led by 10T Holdings and joined by new investors Golden Tree Asset Management, Raptor Group and FJ Labs. The company also announced its new bitcoin-backed mortgage product, the first product of its kind that will enable Ledn clients to use their bitcoin (BTC) holdings to purchase a property while continuing to benefit from potential price appreciation of both assets.
Alternative Investments/Real Estate: UOB Launches APAC-Focused, Green REIT ETF
Singapore’s United Overseas Bank ( UOB ) Asset Management has launched the UOB APAC Green REIT ETF (GRE SP), which has been listed on Singapore Exchange and provides ESG-tilted exposure to high-yielding real estate investment trusts (REITs) listed in Asia Pacific and Oceania. The fund is said to be the first of its kind in the world that brings investors access to sustainable investments in real estate in the region.
Digital Assets: Magnum Offers New York City Condos For $29M (Bitcoin Only Accepted)
In a sign of the times, Magnum Real Estate Group is offering a set of retail condos worth $29 million for payment against bitcoin only, a first for commercial property in the Big Apple. The condos, covering 9,000 square feet, are in a newly constructed luxury residential building with the bottom floor already leased fully to ProHealth, Mighty Pita and M&T Bank. The proposed sale shows the growing adoption of cryptocurrencies, fanning out from coffee and cars and into condos.
Alternative Investments/Real Estate: Goldman Sachs Rolls Out Sustainable Real Estate ETF
The fund manager launches a trio of new ETFs aimed at disruptive investing; one of them is themed on sustainable real estate and infrastructure. Goldman Sachs Asset Management (GSAM) launched this week the Goldman Sachs Future Consumer Equity ETF (NYSEARCA: GBUY), the Goldman Sachs Future Health Care Equity ETF (NYSEARCA: GDOC) and the Goldman Sachs…
Alternative Investments/Real Estate: Avantis Launches Active Real Estate ETF
Avantis Investors has launched Avantis Real Estate ETF (NYSEARCA: AVRE), an actively managed real estate ETF that provides exposure to real estate securities focused on income derived from real estate investments and structured in a similar way as real estate investment trusts (REITs).
Alternative Investments/Real Estate: Hoya Capital Launches High Dividend Yield ETF (RIET)
ETF issuer and investment advisor Hoya Capital Real Estate announced the launch of the Hoya Capital High Dividend Yield ETF, which invests in 100 of the highest dividend-yielding real estate securities in the United States.