Global investment firm KKR, Korea real estate fund manager IGIS Asset Management, and Korean real estate developer SK D&D have purchased Namsan Square.
The property is an office tower located in the central business district of Seoul. They acquired the property from a real estate investment trust operated by KOREIT, a domestic asset manager in Korea.
Coldwell Bankers, part of Realogy Holdings Corp (NYSE: RLGY), has released its annual Global Luxury Real Estate report. Titled simply “The Report 2020,” it analyzes the latest trends and data provided by leading influencers from The Institute for Luxury Home Marketing, WealthEngine, Unique Homes, and in-the-field real estate specialists.
Ellington Residential Mortgage REIT (NYSE: EARN) reported financial results for the quarter ended December 31, 2019. Ellington had an impressive quarter. Net income registered at $9.7 million, or $0.78 per share and Core Earnings hit $2.8 million, or $0.23 per share. Ellington had previously announced a dividend payment last month of $0.28. The current annualized dividend yield for Ellington Residential is 10.2% at current prices. Book value grew by 5% year over year.
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.
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.