Value Add

Cortland fundraise signals persistent confidence in multifamily

The oversubscription of the Atlanta-based manager’s sixth fund exemplifies how the asset class continues to attract investors despite headwinds

Cortland closes its sixth value-add fund by 50% over target

The Atlanta-based firm’s Cortland Enhanced Value Fund VI is more than double the size of its predecessor.

NPS reduces number of commitments to real estate funds

With only a 7.4% increase, the investor also recorded a slower climb in real estate commitment compared with prior years.

Adam Hines joins Hines’ office of the CEO

The executive’s promotion to chief of staff follows a senior management reshuffle announced at the end of July.

Ares raises $1.7bn in real estate during record fundraising quarter

The Los Angeles-based manager also expects to hold two real estate fund closes over the next two months.

DOWNLOAD: H1 2024 fundraising remained in the doldrums

With only $59bn raised in the first half of the year, 2024 is on track to be the worst fundraising year since 2012.

Legal & General appoints Toby Creamer as head of European transactions

He arrives in the newly created role from a nine-year stint at CBRE Investment Management.

ACORE adds Matt Drummond to head high-yield strategy 

The credit manager is looking to build out its portfolio in the space to complement its primary value-add strategy.

Moorfield raises £330m for ‘hub and spoke’ fund model

The UK manager has closed its fifth value-add diversified fund and is seeking further capital for sector-specific side vehicles.

JRK Property fund buys La Jolla resort for $165m

The purchase marks the fourth hotel deal for the manager’s first value-add hospitality fund.