Kyle Campbell
Dean Shapiro, Oxford's head of US development, tells PERE the firm made an exception in selling St. John's Terminal to its tenant for $2.1bn.
Even after closing its ninth value-add fund on $2.3bn, the Dallas-based firm remains committed to its property-by-property approach to deployment.
As the single-family rental space grows in popularity with institutional investors, strategies centered on affordability are gaining traction, too.
Single-family rental homes are fast becoming a favorite property type for institutional capital. But investing in the space requires enduring negative media.
The Toronto-based firm’s CEO says plans to generate $25bn by monetizing its BPY holdings will not include its assets in the two troubled sectors.
After its $300m float, the Salt Lake City firm will explore M&A opportunities and look to expand its reach beyond the US.
US subsidized housing is back in focus with Blackstone’s $5.1bn acquisition from the American International Group.
With 16 transactions closed in the first half of 2021, the industry is well ahead of last year and poised to surpass 2018's record total.
The Washington, DC firm expects to hold an $8bn final close this fall for Carlyle Realty Partners IX, which would be 45% larger than its predecessor.
The vehicle will follow the firm's fourth European value-add fund, which closed on its €2.1bn hard-cap earlier this month.