McKenna Leavens
The New York- and London-based manager is targeting long-income, infill industrial and grid-connected real estate with Meadow Real Estate Fund VII.
The manager acquired a non-controlling stake in a US portfolio assembled by public REIT Safehold, which has options to reacquire it after seven years.
The firm partnered with Vancouver-based Concert Properties on a 50:50 venture involving a 5 million-square-foot Canadian logistics portfolio.
The former Greyhound bus station is being transformed into a multifamily community with added retail space.
The assets were assembled by Kayne Anderson, which will stay on as a minority investor.
The transaction marks the third privatization of a retail-focused REIT by a top 10 PERE 100 manager over the past year.
The investment will support Alterra’s growing IOS portfolio in a further sign of the institutionalization of the asset class.
The managers seek to take private one of the Aloha State’s largest and oldest landowners, with a portfolio of four million square feet across various sectors.
20 Exchange Place in New York this year secured a $30m equity infusion from UBS to modernize the tower.
The mega-manager's real estate and infra funds will partner with Pennsylvania utility company PPL and begin construction in the next three years.