Meghan Morris
US Congress has made a repeal to the ‘FIRPTA’ legislation which market commentators say will increase US real estate investment from overseas pension funds.
The real estate arm of USAA purchased interests in five regional US malls with two other firms.
The world’s largest asset manager will purchase 49 properties from a Canadian REIT, the groups announced Friday.
Congress extended the popular visa program until September 2016, giving real estate firms more time to file projects and seek investors using its current rules.
The sovereign wealth fund has made Karsten Kallevig chief executive officer of real estate platform Norges Bank Real Estate Management.
Realterm, a global real estate operator, bought more than 120 properties through its open-end airport logistics vehicle which was backed by a $490 million investment from CBRE Global Investment Partners, sources told PERE.
The Alabama-based firm is trying to raise its largest US fund yet while its European fund is in the market.
Mitsubishi Estate’s real estate arm picked Daniel Rashin to share the roles of chief executive officer and president starting in 2016.
DRA Advisors has purchased the shopping center REIT in the industry’s latest take-private transaction.
The New York real estate firm exceeded its original target for the fund after just over a year in market.
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