Institutional Real Estate Newsline
January 02, 2015: Vol. 23 No. 1Buy For $65.00 Add to Cart
Sareb completes institutional transactions valued close to $1b
Spanish-based investment firm Sareb has made significant progress in divesting its properties, via the completion of various transactions, primarily with international institutional investors. In total, the company has sold portfolios valued at €847 million in the final stages of the year. Read more
Related raises $117m for second real estate fund
The Related Cos. has raised $117.1 million for its Related Real Estate Recovery Fund II, a $750 million high-yield real estate fund.
Lone Star raises $1.3b for residential mortgage fund
Lone Star Funds has closed its Lone Star Residential Mortgage Fund I, raising $1.3 billion of equity from 11 investors.
Multifamily fund raises $198m
Abacus Capital Group has raised $197.5 million for Abacus Multi-Family Partners III, according to a filing with the SEC.
U.S. economy grows at fastest pace since 2003
U.S. economic growth in third quarter 2014 has been revised upward in the most recent estimate from the Department of Commerce’s Bureau of Economic Analysis.
Waterton Associates buys Atlanta apartment property
Chicago-based real estate investor and operator Waterton Associates has acquired 2460 Peachtree Apartments, a 236-unit high-rise tower in the Buckhead neighborhood of Atlanta.
University of Kentucky commits $30m to noncore real estate
The $1.2 billion University of Kentucky Endowment has committed $30 million to real estate, divided between two funds.
Rockspring to acquire stake in German retail JV
Rockspring Property Investment Managers has agreed to purchase Capital & Regional Plc’s share of a 50-50 German joint venture between Capital & Regional and Ares Management.
Risk adjustment continues to be hot-button issue
Investors are not adjusting enough for risk was one of the messages at the seventh annual Editorial Advisory Board meeting for The Institutional Real Estate Letter – Asia Pacific.
Easterly Government Properties seeks REIT status
Easterly Government Properties, a Washington, D.C.–based investment firm, intends to qualify as a real estate investment trust and has filed a registration statement with the SEC for its proposed IPO.
Fosun buys Tokyo office tower
Fosun International, a Shanghai-based investment firm, has acquired a Tokyo office building through its Tokyo-based subsidiary Idera Capital.
LACERA completes $536m in real estate investments through separate accounts
The $45.9 billion Los Angeles County Employees Retirement Association has completed eight investments, six core investments and two noncore, totaling $535.8 million through three of its separate account managers.
CMBS delinquency drops again in November
CMBS delinquency dropped to 4.03 percent in November, down 13 basis points from the previous month and 564 basis points from one year ago.
Apartment rents forecasted to rise during 2015
Reis has reported that U.S. apartment vacancies have risen for the first time in five years, but rent growth has not subsided, nor will it subside during 2015.
Reservoir raises $283m for power and natural resources fund
New York City–based Reservoir Capital Group has raised $282.6 million for Reservoir Resource Partners.