All Residential articles – Page 14
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Asset Manager News
DekaBank refinances property in Stuttgart
DekaBank has arranged a loan on behalf of Hines Pan European Core Fund HECF to refinance the building “Caleido” in Stuttgart. DekaBank is the sole underwriter of the loan of EUR 41.5 million, which has a term of seven years.
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Asset Manager News
Continental Realty Advisors and GTIS Partners Acquire 240-Unit Apartment Community in Chandler, Ariz. In Off-Market Transaction
Continental Realty Advisors, Ltd. (CRA), a Denver-based national multifamily investment and management firm, in partnership with GTIS Partners, a global real estate investment firm headquartered in New York, announced today the off-market acquisition of San Palmas at Mission Park in Chandler, Ariz.
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Asset Manager News
$80M Luxury Community for Seniors Coming to Long Island
Triangle Equities is teaming up with GTIS Partners to develop Kensington Estates, an upscale community targeting seniors aged 55 and over in Woodbury, N.Y.
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White papers
Q4 2018 – US QOZ Impact on Real Estate
As part of the 2017 Tax Cuts and Jobs Act of 2017, Congress created a new provision in the tax code to incentivize investment in designated Qualified Opportunity Zones (“QOZs”), lower income areas that would benefit from capital investment and development. Senior Treasury officials estimate that the QOZ tax benefit program could channel over $100 billion of private capital to these emerging areas across the country with the significant potential to positively transform real estate markets across the US. While the tax benefits are substantial, GTIS strongly believes that the underlying real estate opportunities have to stand on their own and provide compelling risk-adjusted returns. QOZ fund sponsors to date have largely focused on a select few urban gateways.
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White papers
Q2 2019 US Market Commentary
Global geopolitical headwinds have continued to drive business uncertainty in the US, led by the ongoing trade dispute with China. In response to the trade uncertainty, businesses have postponed fixed-asset investment until greater clarity is established on the potential future global supply chain map. Acting on slowdown in business investment, the Federal Reserve delivered an “insurance” interest rate cut in July, reducing the fed funds rate range by 25 basis points. Long-term yields, which are set by market expectations, have fallen considerably since the November 2018 high, with 30-year mortgage rates falling in tandem.
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Asset Manager NewsPATRIZIA forecasts residential investment resilience despite geopolitical volatility
PATRIZIA AG, the global partner for pan-European real estate investment, has launched its 11th PATRIZIA INSIGHT study on the European Residential Markets. The findings show that despite today’s more volatile geopolitical and economic environment residential investment is forecast to continue offering resilient returns for investors. Total unlevered returns of between 5% to 6.5% per annum are expected over the next five years, of which 2.5% to 3.5% is expected to be income.
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White papersReal Estate Summary US Real Estate – Edition 3, 2019
Spreads return to normal, while property sector performance diverges.
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Asset Manager News
Plus ça change? In 20 years of E-REGI index, much has changed but some things have remained remarkably consistent
Throughout the 20-year history of LaSalle’s European Regional Economic Growth Index (E-REGI), many new drivers of real estate demand have emerged, from flexible working patterns to energy conservation and sustainability. However, across the two decades in which we have scored and ranked each European city region through the index, a number of themes have remained constant.
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White papersTapping into Europe’s abundant living sectors
With rising urbanisation and innovation, the world’s largest cities are getting larger and people and places are becoming more interconnected than they’ve ever been. Combined with a shift in perceptions around where we live, work, socialise and retire, the nature of housing is changing and we at M&G Real Estate see abundant potential in the living sectors – comprising student housing, rental apartments and senior living, says Marc Reijnen, Head of Investment and Asset Management for Continental Europe.
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Asset Manager NewsPATRIZIA acquires residential development in Danish city of Aarhus
PATRIZIA AG, the global partner for pan-European real estate investment announces that together with Universal-Investment it has agreed to forward purchase the development of a 136-unit residential development project in Aarhus, Denmark, on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest public pension group. The asset has been acquired in an off-market transaction from a consortium of private investors.
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Asset Manager NewsGTIS Teams With Southern Land for Vegas Project
Situated within a 61-acre vacant site in the core of the city, the 324-unit community is GTIS’s first investment in an Opportunity Zone.
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Asset Manager News
Southern Land Company And Gtis Partners Form Joint Venture; Close On Opportunity Zone Site In Downtown Las Vegas
Nashville and New York, September 9, 2019 – Southern Land Company (“SLC”), a Nashville-based real estate development firm, and GTIS Partners LP (“GTIS”), a real assets investment firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris, and Munich, today announced the formation of a joint venture and the simultaneous closing on the acquisition of Auric Symphony Park, a fully-entitled, shovel-ready, Class-A multifamily development site in Downtown Las Vegas, Nevada (the “Project”). The site is located in a federally-designated Opportunity Zone and represents GTIS Partners’ first Opportunity Zone investment.
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White papersA case for co-living
Seemingly no real estate sector is immune to the influences of the Millennial and Generation Z cohorts. Retail has been upended by the disruption caused by e-commerce, driven by these generations’ aptitude and proclivity towards technology. Logistics networks have moved closer to them, making delivery faster. Traditional office demand has been disrupted by the acceleration of co-working, as more companies embrace greater locational flexibility to appeal to younger workers.
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White papersA compelling case for real estate development
In a world fueled by easy monetary policy, commercial real estate has held its own compared with other asset classes.
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White papersUK Real Estate Market Outlook - August 2019
Despite the ongoing Brexit-related uncertainty and political upheaval, we expect property income streams to remain mostly resilient. Occupiers are still taking a ‘business as usual’ approach and, while cautious, investors continue to pile into alternatives over mainstream property.
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Asset Manager NewsPATRIZIA uses Big Data to find the right real estate solution
Big data is set to transform the real estate industry as machine-learning capabilities analyse and process a huge amount of data far faster. Luckily PATRIZIA AG is already ahead of the game, thanks to its Big Data analytics’ solution.
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Asset Manager News
The Upper West Side’s oldest buildings are posh once more
When the Gilded Age began in the 1870s, New York City was on the cusp of a new era. There were no subways, people still drove horse-drawn carriages, the Upper West Side was farmland — and modern apartments didn’t yet exist.
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Asset Manager NewsPATRIZIA sells 18 Dutch residential complexes to Heimstaden
PATRIZIA AG, the global partner for pan-European real estate investment, has sold a portfolio of 18 residential complexes on behalf of a client to Heimstaden AB, the Swedish listed real estate investment company. The agreed sales price is EUR 97.4m.
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White papersSector series: Impact of demographic dynamics on the multifamily landscape
Of the main property sectors, multifamily remains highly sought after by investors. Fundamentals are currently healthy with vacancy rates in equilibrium. Rent growth is tracking well ahead of broader inflation.
