Value-Add

Azora triples down on US residential with $3bn venture

The Spanish manager has partnered with US developer Advenir to build 10,000 single-family homes and buy 5,000 existing rental units.

Nuveen Real Estate expands senior team in Europe

The firm has hired two former Ares executives to lead its strategic transactions team in the region and oversee the value-add fund series.

New Mexico SIC to boost real estate exposure with $5bn commitment plan

The US wealth fund also seeks to increase its non-core allocation, targeting industrial and multifamily.

Sweden’s interest rate cut diffuses its refinancing crisis, say market participants

The move keeps the country on course to reach a 2% policy rate by 2025 and strengthens expectations of further recovery in real estate transactions.

Student Quarters closes, fully deploys inaugural fund

The Atlanta-based manager eyes ‘tremendous buying opportunities’ in student housing as it looks to launch its second vehicle later this year.

Patron Capital returns to Cala Group in £1.35bn investment

The London-based private equity real estate firm has teamed up with Sixth Street to buy the UK housebuilder it once owned.

CBRE’s Barkham: Fed rate cut signals ‘sea change in optimism’

The real estate firm’s chief economist predicts a steady US recovery and a 15-20% jump in transactions next year.

Waterton closes $1.7bn multifamily, workforce housing fund

The Chicago-based firm joins a growing list of managers targeting distress.

BGO completes largest European real estate fundraise to date

The Miami-based manager raised nearly 30% of Fund IV’s equity from co-investment capital, driven in part by platform investments.

Korean, Japanese investors diverge at PERE Japan Korea Week

One major takeaway from the week-long event was the differing real estate estate appetites between Korean and Japanese investors.