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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Yieldstreet, a prominent private market investment platform, has officially announced its acquisition of Cadre, an online real estate-focused investment platform catering to institutional and high net worth investors. This strategic move solidifies Yieldstreet’s category leadership, incorporating Cadre’s institutional clients, unique investment platform, and a substantial investor base.
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More Stories on Real Estate
Real Estate: Taubman Centers Sells to Simon Property Group
Taubman Centers (NYSE: TCO) reported financial results for the quarter and full-year periods ended December 31, 2019. It also provided a big surprise for shareholders. The outlet operator has sold to Simon Property Group in an all-cash deal. According to Tim Melvin, we’ll likely see more deals in this real estate space in the coming year.
Real Estate: IIPR Announces Sale-Leaseback Deal with Green Thumb Industries
Innovative Industrial Properties (IIPR) has announced a sales-leaseback deal with Green Thumb Industries (GTBIF). The $2.9 million deal is for a licensed cannabis processing facility in Toledo, Ohio.
Real Estate: Catalyst Opportunity Funds Completes Three Projects
Catalyst Opportunity Funds, an investment firm focused on Opportunity Zone investments, has completed investments for its first three projects. Catalyst’s initial developments will convert underutilized real estate into high-impact office, residential, and retail space. It focuses on neighborhoods that offer immense growth potential but lack capital investment and quality development.
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.
Real Estate: GSAM Takes Minority Stake in Kayne Anderson Real Estate
Kayne Anderson Real Estate has secured a prestigious investor. Goldman Sachs Asset Management has taken a passive minority investment in the firm through its AIM Petershill program. Kayne Real Estate is an alternative real estate management firm with roughly $8 billion under management.
Key Takeaways from the J.P. Morgan Asset Management “Global Alternatives Outlook”
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.
VC-Real Estate: WeWork Leasing Numbers Tanked After Failed IPO
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.
Real Estate: Indian Real Estate 2019-Big Deals Largely Concluded by Foreign PE Investors
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.
Real Estate: Only 16% of Loans to Indian Real Estate is under “Severe Stress,” Says Report
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.
NAREIT 2020 Outlook: The Future Looks Favorable for 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.
Real Estate: Could Manufactured Homes Help Solve America’s Affordable Housing Crisis?
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.
Real Estate: M&G Continues Suspension of Its Real Estate Fund
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.
Tim Melvin: Expectations for REITs in 2020
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.
Real Estate: ALPS Advisors Launches REIT Dividend Dogs ETF
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.
Alternative Investments: IRS Releases Regulations for Opportunity Zones
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.
Venture Capital: WeWork Golden Parachutes Are Very, Very Golden for Executives
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 Raises $775 Millon for New Real Estate Fund
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.
Real Estate: LaSalle’s 2020 ISA Advises Strategic Caution
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.
Activist Update: Jonathan Litt Wants to Create a Casino REIT Colossus
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 Takes Big Stake in Real Estate Manager
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.
Real Estate: Broadstone Net Lease IPO in 2020 Could Be $600 Million
The Broadstone Net Lease IPO in 2020 Could Be $600 Million. It has enlisted Goldman Sachs and JP Morgan for the IPO.
Prescott Group Closes Strategies Fund I at $63.4 Million
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 Talks U.S. Net-Lease Investment for the Third Quarter
CBRE, the global real estate investment and advisory firm, released the third quarter U.S. Net-Lease Investment Report.
Liability Mismatch Strikes Again: £2.5 Billion M&G Property Fund in the U.K. Suspended
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.