Value Add

The residential underwriting reset

As the era of cheap debt fades, investors are relying on income growth, stronger asset selection and more disciplined capital management to drive returns.

BDT & MSD backs launch of US light industrial platform 

Founded by former Black Creek and Ares execs, Speed Bay Warehouse Solutions has scored $250m from BDT & MSD to acquire multi-tenant warehouses.

Bridge raises $1.4bn US logistics fund with international backing

Utah-based manager, acquired by Apollo last year, exceeds the value-add vehicle’s $1bn target – and raises quadruple the capital of its predecessor fund.

Greystar raises record European residential fund

The South Carolina-based sector specialist secured €2.2bn for its second value-add fund in the region, with another €550m in co-investments.

HighBrook hires Morgan Stanley veteran for newly created role

The Florida-based manager has appointed its first global head of private capital markets after launching multiple new strategies.

RMR Group on taking a fresh look at multifamily investing

A domestic housing shortage, home ownership affordability challenges and slowing construction starts are all proving to be tailwinds for investors, explains RMR Group’s Matt Jordan.

Connecticut pension anchors Artemis’s fifth flagship fund

The Hartford-based investor is focused on existing manager relationships as it eyes $1.2bn in real estate commitments this year.

AEW looks to diversify beyond core/core-plus in Europe

Since her promotion to CEO of AEW Europe, Vanessa Roux-Collet has made plans to expand the firm’s product range.

Newcore holds first close for sixth social infrastructure fund

The manager has secured approximately £100m of equity commitments for the UK-focused fund.

Digital Realty charts major private fundraising push

The world’s largest data center REIT by footprint is planning several fund series. Next incoming is a US open-end fund for which a cornerstone raise of up to $3bn is targeted.