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The IPO was priced at $20 per share of common stock of TRTX.
The real estate arm of the German insurer plans to invest ‘several billion dollars more’ in US real estate in the coming years.
The New York-based private equity real estate giant said that while individual asset opportunities exist, it currently is difficult to invest in the space at scale.
The Canadian pension is taking the Houston-based REIT private after doing a portfolio-level deal with the company earlier this year.
An unsolicited bidder overtook Starwood with a ‘superior proposal’ to purchase the residential REIT.
The real estate investment trust purchased 3,100 single-family rental homes for $815m, expanding its asset base by 13%.
The private equity giant agreed to buy a US residential REIT in April for $605m before an unsolicited bidder emerged this week.
The real estate arm of Singapore’s sovereign wealth fund entered the student housing space last year.
John Klopp, head of Morgan Stanley’s real assets division, tells PERE’s summit in Hong Kong that he does not expect quick and wholesale regulatory reform in the financial sector, despite President Trump’s rhetoric.
The UK-focused real estate investment trust (REIT) has appointed former Blackstone executive Lawrence Hutchings as chief executive, following 12 months of succession planning.

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