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
A report by Globe St. com quoted a survey result by RCLCO Real Estate Advisors. The survey said that real estate industry leaders thought the worst of COVID-driven real estate market declines sustained during the first six months this year may be behind us.
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The Global Alternatives Outlook was released by JPMorgan Asset Management this week. The report provides a 12-18-month outlook across key alternative asset classes. The report also the views of the CEOs, CIOs, and strategists from the firm’s 15 distinct alternatives investment engines. We take a look at the key takeaways from the report.
WeWork leasing numbers plunged in the wake of its failed IPO. A new report from CBRE reveals that the company saw a 93% decline in leasing activity in the fourth quarter. That period coincided with a massive bailout by SoftBank and the departure of WeWork’s founder.
Foreign private equity invested US$5.03 billion in Indian real estate in 2019.
Compared to 2018, when foreign PE investors poured in US$ 5.13 billion into Indian real estate, investment fell by 2% in 2019.
Only 16% of Loans to Indian Real Estate is under “Severe Stress,” Says a Report from Anarock Capital. This statistic should be heartening news for beleaguered Indian real estate.
The NAREIT 2020 Outlook emerged this week. Calvin Schnure, Senior Vice President, Research & Economic Analysis at the National Association of Real Estate Investment Trusts (NAREIT) released his annual outlook. Let’s take a look at his high-level expectations for the year ahead.
The country’s entire annual shortage of 300,000 homes is for low- and middle-priced housing.
Manufactured homes in blue-collar communities may alleviate the severe housing shortage for America’s working population. Consider this: Almost a quarter of home-owners, and half of those who rent their homes, pay about a third of their monthly income for housing.
M&G – the British insurer and asset manager – plans to continue the suspension of its 2.5 billion-pound property funds. The company made the announcement after it sold 70.4 million pounds in property to raise cash.
NAREIT – the National Association of Real Estate Investment Trusts — explored REITs’ strong 2019 performance and linked the sector’s success to a bounceback from 2018’s lackluster performance. Last week’s commentary quoted Matt Werner, portfolio manager at Chilton Capital Management.
ALPS Advisors announced the investment strategy for the new Exchange Traded Fund called the ALPS REIT Dividend Dogs ETF (RDOG). The strategy applies the “Dogs of the Dow Theory” to its rules-based investment strategy. Instead of selecting the five Dow Jones components with the highest yield, this strategy owns an equally balanced portfolio of the highest yielding five Real Estate Investment Trusts across 9 REIT sectors.
IRS Releases Regulations for Opportunity Zones. The U.S. Department of Treasury released the final Opportunity Zone Treasury Regulations last week. According to Russell J. Stein at Partridge Snow & Hahn LLP, the much-anticipated regulations are extensive and provide clarity into the working of the Opportunity Zone tax rules.
The WeWork golden parachutes emerged from company documents over the weekend. Earlier this fall, the real estate firm received a bailout from SoftBank. The Financial Times recently gained access to company documents on negotiated exit packages before the cash infusion.
Kennedy Wilson has locked up $775 million for a new fund. The Beverly Hills-based firm closed fundraising of the Kennedy Wilson Real Estate Fund. The real estate investment firm’s new fund will focus on value-add real estate investments, according to the Los Angeles Business Journal.
The annual strategy report from LaSalle advises investors to maintain a strategic balance of offensive and defensive positions.
LaSalle Investment Management’s Investment Strategy Annual (ISA) 2020 says investors need to capitalize on opportunities and mitigate risk in 2020, according to an article by Andrea Zander in Institutional Real Estate, Inc.
The report covers outlooks for both the Canadian and US real estate markets.
Jonathan Litt Wants to Create a Casino REIT Colossus. Litt’s firm, Land & Buildings (L&B), has accumulated a “significant” position in GLPI, Litt revealed on Twitter on Wednesday. Besides, GLPI is now also L&B’s “largest position,” he tweeted. Litt says a GLPI-Vici deal will create a significant upside for GLPI shareholders.
Sun Life Financial and its alternative asset management arm just received a boost. Sun Life announced it plans to purchase an 80% stake in the infrastructure and real estate investment manager InfraRed Capital Partners.
The Broadstone Net Lease IPO in 2020 Could Be $600 Million. It has enlisted Goldman Sachs and JP Morgan for the IPO.
Prescott Group announced the closing of its first real estate private equity fund. The Prescott Strategies Fund I closed with a total commitment of $63.4 million. The Fund will invest in both real estate-related debt and equity positions. It will also focus on distressed and value add investments.
CBRE, the global real estate investment and advisory firm, released the third quarter U.S. Net-Lease Investment Report.
Is the Woodford Income Fund saga in replay? Property or unlisted shares – both are hard to sell.
M&G Investments suspended dealings in its £2.5 billion M&G Property Portfolio with effect from midday on Wednesday due to sustained redemption pressure.
Ashford Hospitality Trust announced the sale of the 102-room SpringHill Suites Jacksonville in Jacksonville, Florida for $11.2 million.
That price works out to be $109,000 per key. The sales price represents a trailing twelve-month cap rate of 5.9% on net operating income. The deal had a 14.3x Hotel EBITDA multiple.
Real Estate 2020 Building the Future (a report from PwC) looks at the key trends in the commercial real estate market for 2020 and beyond.
GLP is launching its new RMB15bn (US$2.1bn) Chinese logistics fund. The GLP China Income Partners Fund will focus on properties generating a stable income stream and recycle capital. GLP is a global investment manager, and business builder in logistics, real estate, infrastructure, finance, and related technologies.
American Hotel Income Properties REIT acquired a portfolio of 12 well-maintained Premium Branded hotels. The deal for the 12 hotels, totaling 1,203 guestrooms, is $191 million.
Green Courte Partners specializes in niche real estate investing.
Think airport parking. Leased land communities. Senior housing. Green Courte Partners is a private equity real estate investment firm that builds top-flight companies operating within special, niche real estate sectors. Green Courte Partners has just closed its fifth investment fund, Green Courte Real Estate Partners V, LLC (“GCREP V”), with total capital commitments of $540.8 million.