Meghan Morris
The acquisition would add $7bn in AUM to the Chicago-based firm’s already sizable platform, but industry observers are divided as to whether similar M&A transactions would follow.
The fund’s co-CEO says the global vehicle acts as a ‘bridge’ between start-ups and JLL’s business lines.
Some multifamily managers are evolving their approach to home-sharing, introducing professional management to add an ancillary income stream and, in some cases, burnish a millennial-friendly image.
The sovereign wealth fund is preparing to sell assets in London and Miami, which could be offloaded together or separately.
Santander’s corporate campus is on the brink of resolution after years of messy civil proceedings and credit spats.
The firm, which sources capital largely from German investors, is seeking to raise $100m more than its last opportunistic fund.
The global asset manager is also looking at Indian residential to complement its existing office assets.
The New York-based firm raised its hard-cap several times for its third US opportunistic vehicle.
The vehicle will invest in UK and continental Europe logistics.
The Newport Beach, California-based firm’s second fund has already surpassed its predecessor’s equity.