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
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.
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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 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.
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.
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
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.
“It is time for the FCA to act on illiquid assets,” says Bob Steers in an opinion published this week
The Woodford Equity Income Fund imbroglio might well repeat in the highly popular UK direct property fund sector, says Steers.
A sudden spike in redemptions, as was the case in the Woodford Income Fund, might well lead these open-ended funds to shut the gate on withdrawals pending the liquidation of properties, a typically longer-term asset. If the fund is selling into a weak market, the redemptions could come at a hefty loss for investors.
On a global basis, Dubai real estate is relatively quite affordable
In an analysis of the city’s real estate market, Knight Frank has drawn an interesting comparison: in Dubai, $1 million will buy 143 sq m of residential space compared to 16 sq m in Monaco, 22 sq m in Hong Kong, and 31 sq m in both London and New York.
That’s quite a difference when you consider its strategic location and quality of life and safety rankings.
Blackrock Real Estate, an arm of BlackRock, the private equity giant, is raising money for its fifth Asia-focused real estate fund
According to sources, BlackRock already has commitments in the range of $300 million and $350 million for this fifth fund.
The previous fund in the series, the value-add Asia Property Fund IV, raised $500 million when it closed in November 2017.
The billionaire, hedge fund manager, paid nearly $100 million for a Palm Beach property next to one he already owned
Ken Griffin is the US titleholder for owning the most expensive home in the country. He has a penchant for acquiring the most costly and luxurious properties in the priciest cities across the globe.
Optimism for the year ahead, says London Central Portfolio chief Naomi Heaton, chief executive of the property investment firm London Central Portfolio, expressed optimism for London markets despite continuing Brexit issues. In an interview with Property Funds World, Heaton said it was a good time to buy real estate. She cited a drop in property…
outh Korean institutions lend C$560 million ($423 million) to IGIS Asset Management
IGIS will onward lend the funds to Mizrahi Developments, which is developing the skyscraper in Toronto, Canada.
Dubbed ‘The One,’ the mixed-use building will cost an estimated $1 billion. Once completed, it will be the tallest building in Canada.
The multistate deal allows the firm to pay off unsecured loans Office Properties Income Trust announced the sale of four buildings this week. The buildings are in San Antonio and Arlington Texas, as well as one in Hanover, PA. Gross proceeds for the sale reached $223.2 million before closing costs. The firm will use the…
iFunded is crowdfunding an apartment building in Berlin
iFunded, a German investment platform has listed for investment a debt-offering of €350,000. Investors have already funded €121,000, and others, including retail, may subscribe with amounts as low as €500. The interest rate is 6% for a 12-month loan term.
The Petershill program, run by Goldman Sachs Asset Management’s Investments & Manager Selection (AIMS) Group, recently acquired a minority stake in Slate Asset Management L.P., a leading real-estate focused alternative investment platform with over $6.2 billion in assets under management.
The coworking rival just raised money… but the bigger threat to WeWork is profitability in 2020 Industrious, a U.S. coworking firm, announced it has raised another $80 million in a recent Series D round. Since inception, the firm has raised $222 million in capital. Even more important, the company claims it will be profitable during the…
Mortgages by Gen Z home buyers in North America more than doubled year-on-year amidst easy credit conditions
Undaunted by rising home prices and tight availability, Gen Z consumers (those born in 1995 or later) are now venturing into mortgage financing of their homes, says TransUnion’s Q2 Industry Insights Report.
A merger in media, antitrust busts, a REIT sells two hotels… and more M&A deal news M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment space. Here’s our recap for Thursday morning. First, Summer Redstone’s entertainment…
The deal clears the way for China Oceanwide to purchase Genworth. Brookfield Business Partners announced plans to purchase a 57% stake in Genworth Financial’s Canadian mortgage insurance unit. According to terms of the deal, the stake is worth roughly $1.81 billion. Brookfield purchased 4.9 million common shares of Genworth MI Canada stock for CAD$48.86 per…
A cornerstone of investment theory is to improve the return on a portfolio by allocating it over a number of asset classes with varied correlations.
Institutions such as Harvard and Yale, which run massive endowments, have used this principle successfully over the long term to better their returns at lower volatility.
Even as their appetite for alternative investments is growing, Canadian institutional investors are increasingly partial to the real estate category, a CIBC Mellon study revealed.