Christie Ou
Industry practitioners anticipate embodied carbon will become a greater focus for prospective buyers in the future.
Proprium has exited its 35% stake in the European hotel business to its co-owner, 17 years after making its original investment.
The firm started its sale process in August 2023 and received interest from five domestic investors and a foreign investor.
However, investor preferences and strategies have been changing as the country's negative interest rate era comes to an end.
The firm is adding its ESR stake acquisition to previous efforts to attain a presence in the region.
ESR’s sale of ARA Private Funds demonstrates the lengths the logistics powerhouse went to secure market share in the sector in Asia.
Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.
Henderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.
With support from some of India's biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.
In addition to expanding into non-core strategies, the investor is planning to increase its pool of real estate funds from five to 15 by 2025.
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