The UK private pension fund has acquired 3,000 homes in the country’s largest-ever deal for shared ownership housing.
The manager is offloading 11 properties to REIT Equity Residential in separate transactions.
The manager’s open-ended Evergreen Fund contributed equity to the deal, which was financed by a Corebridge Financial loan.
Owners considering sales may want to bring assets to the market sooner rather than later, says Rasheed Hassan, head of global cross-border investment at Savills.
The manager, founded by Blackstone veteran Tyler Henritze last year, made its first publicly disclosed investment via a newly formed joint venture.
The Milan-based manager will convert the property into student housing following the 2026 Winter Games.
Iliffe will spin out part of LOGOS’ business following ESR’s acquisition of the three co-founders’ ownership stakes.
Whether or not the election-induced delay to the country’s real estate recovery will be contained depends on whether a new government can work together.
In its first investment for the fund, the manager has acquired a 40% stake in a Swedish student accommodation portfolio.
The fund has seeded a just-launched private debt strategy from an industry veteran.