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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

Top Story

Alternative Investments/Real Estate/ESG: Bridges Closes Fifth Fund At £350M For Sustainable Real Estate

June 14, 2022

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.

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More Stories on Real Estate

Opportunity Zones and Ron Wyden

Sen. Ron Wyden Demands Study on Opportunity Zone Management

November 6, 2019

Opportunity Zones have become topics of interest among institutional investors. The passage of the 2017 Tax Cuts and Jobs Act pushed through opportunity zones as potential long-term investments.

Softbank

Masayoshi Son “Humbled” After $8.9 Billion Loss for Vision Fund

November 6, 2019

Masayoshi Son is reportedly “humbled” after SoftBank reported its first quarterly loss in over a decade. The CEO took hits from all directions after the fund reported an $8.9 billion hit to its Vision Fund. Simply put: WeWork is to blame for the loss.

CEM Benchmarking: How REITs Match Up Against Other Investments

November 5, 2019

In October, CEM Benchmarketing compiled a study for the National Association of Real Estate Investment Trusts (NAREIT).

The study is called “Asset Allocation and Fund Performance of Defined Benefit Pension Funds in the United States, 1998-2017.”

Key Takeaways from Investor Day at Brookfield Asset Management

November 1, 2019

Brookfield Asset Management held its Investor Day recently. Management made a few things very clear.

First, if interest rates remain low, investors will have no alternative except alternative investments.

CBL Properties

CBL Properties Settles with Activist Investor

November 1, 2019

CBL Properties stock rallied nearly 10% this morning after it reached a settlement with Exeter Capital investors. The real estate giant has added Exeter president Michael Ashner and Carolyn Tiffany to its board of directors. 

Preqin: Hospitality REITs Looked Strong in 2018

October 31, 2019

A new Preqin report is out.

Preqin joined asset manager Pro-invest Group to track the performance of the hospitality REIT industry. The result is a new study showing the sharp growth across the sector this decade.

M&A Deal News

Prologis and Liberty Property Trust Announce REIT Merger

October 28, 2019

Prologis and Liberty Property Trust announced a merger between the two firms. According to deal terms, Prologis will acquire Liberty $12.6 billion, including the assumption of debt. The board of directors of both REITs have approved the transaction.

Dominion Energy Transfers Stake in Cove Point to Brookfield Asset Management

October 21, 2019

Dominion Energy has entered an agreement with Brookfield Super-Core Infrastructure Partners. The latter is an infrastructure fund managed by Brookfield Asset Management (BAM).

Columbia Property Trust Will Buy Normandy Real Estate Management

October 17, 2019

Columbia Property Trust announced a deal to buy acquire Normandy Real Estate Management. The target company manages office- and mixed-use assets in New York, Boston, and Washington, D.C. The deal will see Columbia acquire Normandy’s operating platform. It will also purchase Normandy’s general partner interests in three active management funds.

Commercial Observer Releases List of Top Multifamily Markets

October 16, 2019

Commercial Observer is out with a new report from Arbor Realty Partners titled Top US Markets for Multifamily 2019. The report examines how multifamily markets have fared over the past year. It also explores high-demand markets moving forward.

Is WeWork running out of money? Yes.

Is a WeWork Bailout on Tap?

October 16, 2019

A WeWork bailout could be coming from JPMorgan or Softbank. Two weeks after the office-sharing giant pulled its IPO, its cash position has deteriorated. CNBC reports that the two banks are examining a plan to offer debt and equity to WeWork.

Hilton Grand Vacations Might Experience a Bidding War

October 15, 2019

Hilton Grand Vacations may soon experience a bidding war from two private equity titans. Apollo Management has reportedly made an offer for the Orlando0based timeshare company. Early reports suggest a price of $40 per share. Its competitor Blackstone may also make an offer for Hilton Grand Vacations.

Wall Street Journal

Blackstone Sells Last Building from Famous 2007 Real Estate Deal

October 10, 2019

The Wall Street Journal says that Blackstone has sold the last office building it purchased in 2007. The building was part of their $39 billion purchase of Equity Office Properties Trust. That purchase was the largest real estate deal in history.

Nuveen Real Estate Buys 100 New Properties in 12 Markets

October 9, 2019

Nuveen Real Estate is one of the largest real estate investment firms in the world, and they keep getting bigger. As part of their continued expansion, they are moving aggressively into industrial real estate in the United States. Nuveen announced this week that they are acquiring a significant national logistics portfolio exceeding 100 properties across 12 markets.

Brookfield Business Partners to Sell Big Stake in North American Palladium

October 8, 2019

Brookfield Business Partners announced a plan to sell its 81% interest in North American Palladium. The real state giant is selling the Canadian mining company and only global pure-play palladium producer to Impala Platinum Holdings (Implats). The deal will see Implats buy all outstanding NAP stock  from Brookfield for roughly $750 million.

Mall REITS Reeling after Forever 21 Bankruptcy

October 4, 2019

Forever 21 is just the latest retailer to file bankruptcy and announce a wave of store closings. The news will impact Real Estate Investment Trusts that own mall properties (Mall REITs).

Real Estate Economic Forecast is Rather “Meh” About Real Estate

October 2, 2019

The Real Estate Economic Forecast – authored by Urban Land institute – hit the street today.

It’s not as bad as we might have expected.

The survey offers a consensus forecast of 41 economists and analysts at 32 leading real estate organizations.

Blackstone Real Estate

Blackstone Continues Real Estate Buying Spree

October 2, 2019

The Blackstone real estate buying spree continues. The private equity firm has continued its rapid deployment of funds into real estate with another purchase.

On Tuesday, the firm announced it would purchase a 65% controlling interest in Great Wolf Resorts.

Mapletree Commercial Buys Google’s HQ in Singapore

October 2, 2019

Mapletree Commercial Trust has purchased Google’s Asia Pacific headquarters in Singapore. The acquisition is part of an S$1.55 billion ($1.14 billion) deal for four buildings in Pasir Panjang.

Colony Capital Sells NorthStar Reality Europe

October 1, 2019

Colony Capital had a busy week. Not long after the firm announced the sale of Colony Industrial to Blackstone Group, the firm followed up on another deal.

Brookfield Asset Management Buys 61.2% of Oaktree Capital Management

October 1, 2019

Brookfield Asset Management has acquired 61.2% of Oaktree Capital Group. According to terms of the deal, Brookfield acquired all of the outstanding Oaktree class A units. It also acquired approximately 20% of the units of Oaktree Capital Group owned by the founders, senior management, and current and former Oaktree employees.

Blackstone Group Buys Colony Industrial for $5.9 Billion

September 30, 2019

Colony Industrial, the massive warehouse division of Colony Capital, now has a new owner. According to reports, Blackstone Group has purchased the warehouse group for $5.9 billion.

EquityMultiple: A Platform for Investors In Opportunity Zones

September 19, 2019

The EquityMultiple platform facilitates real estate investments in Opportunity Zones that come with tax breaks. Investors fed up with the measly returns in the current environment may consider real estate in Opportunity Zones. Qualified Opportunity Zones (QOZ) bring capital to low-income areas while rewarding investors via tax breaks. The investments can trigger economic development in these areas leading to higher employment.

CalPERS allocates more than $3 billion to real estate

September 17, 2019

CalPERS allocates more than $ 3 billion to real estate
The pension continues its core policy to invest in real estate assets using moderate leverage
The amount includes $ 30 million account the vexed Sacramento project with real estate firm CIM. That project, an office block in downtown Sacramento, is still in limbo. CalPERS last week scrapped its contract with CIM.