PGIM Real Estate makes second acquisition in UK residential sector
PGIM Real Estate has made a second acquisition in the UK residential sector on behalf of the investors in its European core strategy.
PGIM...
AXA IM Alts buys two residential towers in Northern Japan for €34m
AXA IM Alts has acquired, on behalf of clients, two residential towers in Sendai City, Northern Japan for ¥4.2bn (€34m).
Totalling 10,000 sqm, the residential...
Patrizia takes majority stake in Berlin residential development
Patrizia has acquired a majority 90% stake in a new major residential development in the Carossa Quarter, located in Berlin’s Spandau district, from funds...
Bank of America, NACA expand mortgage program to $15bn
Bank of America and the Neighborhood Assistance Corporation of America (NACA) have expanded their national affordable homeownership mortgage program for low-to-moderate income homebuyers.
The partnership...
Union Investment buys residential project in Amsterdam
Hamburg-based real estate investment manager Union Investment has purchased the AMST residential project in Amsterdam for the portfolio of open-ended real estate fund UniImmo:...
Europa Capital forms JV for residential investments in Berlin
Europa Capital has launched a new joint venture, on behalf of its latest value add fund, targeting residential investments in Berlin with specialist local...
Patrizia sells residential portfolio in Germany
Patrizia has sold a portfolio of 22 non-core residential properties on behalf of a German residential strategy.
The strategy is to refocus the fund’s...
JLL Income Property Trust buys Boston apartment community for $72.5m
JLL Income Property Trust has purchased Princeton North Andover, a 192-unit apartment community in the affluent north-Boston suburb of North Andover, Massachusetts, for $72.5...
Tricon forms $1.5bn JV to expand single-family rental portfolio
Tricon Residential Inc. has formed a new joint venture with Pacific Life Insurance Company and a global investor to acquire newly built single-family rental homes targeting the...
CBRE Global Investors buys 318-unit multifamily community in Raleigh
A fund sponsored by CBRE Global Investors has purchased a 318-unit multifamily community located in a suburb of Raleigh, N.C.
The multifamily asset, known...
Commercial real estate forecast: Urban multifamily properties will rebound in 2021
Moody’s Analytics today announced new forecasts for commercial real estate (CRE) rents and vacancies covering eight property types and more than 3,000 submarkets across...
SL Green sells interests in two multifamily properties for $992m
SL Green Realty Corp. has agreed to sell its 20% interest in 605 West 42nd Street, also known as “Sky”, for $858.1 million and,...
