Value Add

Coima launches strategic partnership with Intesa via office deal

The firm’s chief executive Manfredi Catella is also looking to partner with other Italian institutions on a range of real estate initiatives.

Greystar closes 11th fund in US value-add series

The South Carolina-based manager has raised $1.9bn for the latest iteration in its flagship multifamily fund series.

EQT Exeter launches debut Asia logistics fund

The vehicle represents the firm’s only real estate fund launch in the near term as it sits on $12bn of dry powder for the asset class.

Team behind Heimstaden establishes residential manager

Heim Global Investor is targeting a combined €1.6bn capital raise across its first two funds, one aimed at the UK and the other Europe.

NorthBridge closes latest fund at $950m, returns to buying

NorthBridge’s NB Partners Fund IV surpassed its target of $800m, and capital has been deployed to acquire 20 assets so far.

Proprium sells stakes in Motel One for €1.25bn

Proprium has exited its 35% stake in the European hotel business to its co-owner, 17 years after making its original investment.

Catalyst closes second IOS fund above target

While its debut fund was backed mainly by family offices, the firm saw significant institutional support for Catalyst IOS Fund II.

Real estate investors are unfazed by Japan’s historic rate hike

However, investor preferences and strategies have been changing as the country’s negative interest rate era comes to an end.

ESR’s ARA Private Funds sale has three carve-outs

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

Noble hires Fifth Wall’s head of capital formation for new role

Angela Johnson will focus on cultivating new investment opportunities emerging in the US hospitality sector.