JOINT VENTURE NEWS: Berkadia announced it has arranged an undisclosed amount of equity on behalf of Pivotal Residential and Novu Residential Group for the development of the Casona, a class A, 305-unit, elevator-served multifamily community located in Grand Prairie, Texas.
Institute for Real Estate Operating Companies (iREOC)
Investment Management
San Ramon, CA 3,280 followers
Investor Focused. Connecting People, Data and Insights to help REOC Partnerships run better
About us
The Institute for Real Estate Operating Companies (iREOC) is the only industry organization dedicated to connecting, engaging and empowering institutional investors, investment managers and real estate operating companies to form and run more profitable and productive REOC partnership investments. iREOC is supported by the esteemed group of organizations who make up its Advisory Board as well as its more than 100 members. All have a commitment and a stake in this dynamic sector of the market.
- Website
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https://irei.com/ireoc/
External link for Institute for Real Estate Operating Companies (iREOC)
- Industry
- Investment Management
- Company size
- 11-50 employees
- Headquarters
- San Ramon, CA
- Founded
- 1987
- Specialties
- Investment Management and Commercial Real Estate
Updates
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JOINT VENTURE NEWS: Town Lane and PowerHouse Data Centers, a fully owned division of American Real Estate Partners (AREP), announced the completed purchase of 122 acres in Charlotte, N.C., via a joint venture partnership between both companies.
Town Lane, PowerHouse Data Centers JV acquire future data center land site in Charlotte, N.C.
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TRANSACTION NEWS: JLL Capital Markets announced it has arranged the $223.85 million sale of a seven-property, grocery-anchored retail portfolio located across Florida in the markets of Davie, Lake Worth, Kissimmee, Royal Palm Beach and Fort Myers. PGIM Real Estate
PGIM Real Estate sells grocery-anchored portfolio across Florida for $224m
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PARTNERSHIP NEWS: Lovett Industrial in partnership with PCCP, LLC announced the recent groundbreaking of Garland Innovation Center, a 14-acre urban infill development consisting of 241,067 square feet across two class-A logistics facilities in Garland, Texas.
Lovett Industrial, PCCP break ground on a 14-acre, 241,000sf industrial business park in Garland, Texas
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TRANSACTION NEWS: Northwind Group announced that it provided a $63 million senior secured construction loan for the development of a 13-story residential condominium building located at 305 1st Ave. in Manhattan’s Gramercy submarket.
Northwind Group provides a $63m construction loan to JV for residential condominium development in Gramercy, N.Y.
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ACQUISITION NEWS: Stonepeak has acquired two logistics assets totaling 1.1 million square feet in Fort Worth from institutional investors advised by J.P. Morgan Asset Management.
Stonepeak acquires 1.1msf logistics portfolio in Fort Worth, Texas
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ACQUISITION NEWS: fifteenfortyseven Critical Systems Realty (1547), in partnership with Harrison Street, has announced the acquisition of the Global Access Point Union Station data center located in South Bend, Ind.
fifteenfortyseven, Harrison Street acquire the Union Station Data Center and Carrier Hotel in South Bend, Ind.
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PEOPLE NEWS: Principal Asset Management has hired Devin Chen, who joins the firm as head of private equity real estate portfolio management.
Principal Asset Management hires new head of private equity real estate portfolio management
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PEOPLE NEWS: Rohit Nerurkar, CFA, CAIA Nerurkar has been named head of U.S. real estate, co-head of North American real estate at Mercer, according to a LinkedIn post.
Rohit Nerurkar named head of U.S. real estate, co-head of North American real estate at Mercer
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TRANSACTION NEWS: Affinius Capital announced the closing of a $98 million loan to refinance The Northern I and II, two adjacent, class A, multifamily properties in Astoria, N.Y.
Affinius Capital originates $98m loan to refinance class A multifamily properties in Astoria, N.Y.
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