Deals

Invesco Real Estate buys majority stake in a $2bn senior housing portfolio

The assets were assembled by Kayne Anderson, which will stay on as a minority investor.

Ares Management to buy retail-focused Whitestone in $1.7bn deal

The transaction marks the third privatization of a retail-focused REIT by a top 10 PERE 100 manager over the past year.

La Caisse, Prologis form €1bn pan-European JV

The investment consolidates most of the pension manager’s regional logistics portfolio into one platform.

BGO seeks ‘deep operating expertise’ with Bell Partners acquisition

Having previously relied on joint ventures with operating partners to drive performance in residential, BGO will leverage these capabilities in-house with Bell, says co-president Amy Price.

Invel founder’s big Greece bet pays off

PERE Deals caught up with Chris Papachristophorou shortly after his firm exited a seminal deal executed during the Greek financial crisis.

Altus Group on the narrowing ‘alternative’ premium in niche property sectors

As capital flows into niche real estate, the yield premium that once compensated for asymmetric information and limited transaction history continues to narrow, according to Omar Eltorai, senior director of research, and Alexander Jaffe, regional lead of valuation advisory, at Altus Group.

Hines acquires UK logistics portfolio as part of mid-box strategy

The manager now owns eight similar assets in the UK through its core-plus HEPP fund.

Apollo to invest $1bn for 49% stake in new Realty Income retail venture

The investment in the long-term, net-lease portfolio aims to provide a fixed rate of return for Apollo.

Savills says Eastdil deal will expand its capabilities with little overlap

The $921m acquisition will give Savills greater exposure to the US market and accelerate its ambition to offer clients investment banking services.

MSCI on signs of an incoming transaction market recovery

Deals have stalled in both number and volume, but an increase in large trades and record data center deployment are driving up momentum, according to Tom Leahy, head of EMEA real assets research at MSCI.