5.26.22 | This week we recognized 4 capital related transactions with a disclosed value of $6.7 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $4.0 | Partners Group to Buy US Rental Homes for Over $1 Billion |
| $1.5 | Secure Income REIT Agrees to $1.85 Billion Takeover by LXI REIT |
| $1.2 | EQT Exeter to Buy US Residential Real Estate Manager Redwood Capital |
| N/A | NexPoint Advisors, HomeSource Operations Launch SFR Initiative |
| $6.7 | Total |
Additionally, we recognized 3 leadership changes within the industry:
- Mark Siezen to Succeed Dick van Hal as Bouwinvest CEO
- UKAA Appoints Brendan Geraghty as New CEO
- CBRE Group Announces New Executive Leadership Roles
Summary of Transaction Headlines
Bisnow | “UK Life Insurance Giant Takes First Leap into U.S. Market with $4 Billion Life Sciences Fund”
Legal & General Capital, the alternative asset platform of Legal & General Group, has launched a joint venture with developer Ancora to acquire and develop $4 Billion worth of life sciences real estate in the U.S. over the next five years, the companies announced on Wednesday. LGC is providing a $500 Million infusion of seed capital to get the venture off the ground.
Multi-Housing News | “SVN | SFR Capital Management and Linesight Development Form $1.5 Billion BTR Joint Venture”
SVN | SFR Capital Management and Linesight Development LLC are planning to build approximately 1,000 Build-to-Rent homes a year with its new partnership. The joint venture between the two companies is looking to develop, lease and manage a portfolio of BTR communities across the U.S. Linesight brings its development experience that includes architectural, engineering and construction expertise, while SVN | SFR will be in charge of leasing, managing and operating the communities on behalf of the joint venture.
Housing Today| “MGT Announces £1 Billion ($1.2 Billion) Build-to-Rent Push”
Investment management firm MGT has brought in a former Greystar executive to spearhead the creation of a £1 Billion Build to Rent development vehicle. MGT said it had hired Adina David to lead a residential expansion at the firm designed to build on the business’s existing £1.4 Billion housing portfolio.
PR Newswire | “NexPoint Advisors, HomeSource Operations Launch SFR Initiative”
NexPoint Advisors, L.P. (“NexPoint”), a multibillion-dollar alternative investment platform, today announced the formation of a new NexPoint advised real estate investment trust (“REIT”). NexPoint is partnering with HomeSource Operations, LLC to acquire, build, and operate single-family rental (“SFR”) homes in the REIT. The new NexPoint advised REIT will target both existing SFR homes and new construction build-to-rent (“BTR”) homes in high-growth markets.
IPE Real Assets | “Mark Siezen to Succeed Dick van Hal as Bouwinvest CEO”
Mark Siezen will succeed Dick van Hal as CEO of real estate investment company Bouwinvest as of 1 September. Van Hal (1958) has successfully led Bouwinvest for 14 years, following a career as director and investment manager at various financial institutions. Mark Siezen (1972) joined Bouwinvest as Chief Client Officer in November 2020.
The Intermediary | “UKAA Appoints Brendan Geraghty as New CEO”
The Board of UKAA (the UK Apartment Association), the trade organisation for the UK’s Build to Rent sector, has announced the appointment of Brendan Geraghty (pictured) as its new CEO. Architect, Design and Development Strategist Geraghty comes to the role with a deep understanding of the Build to Rent sector, built on roles with Centred Architecture, Optim and Geraghty Taylor Architects. Active in the sector since 2011 and a recognised Build to Rent (BTR) thought leader, Brendan has actively championed the integration of consumer culture in BTR with a ‘brand before building’ approach.
Yahoo Finance | “CBRE Group Announces New Executive Leadership Roles”
CBRE Group, Inc. (NYSE:CBRE) today announced new executive leadership responsibilities, effective immediately. Bob Sulentic, CBRE’s President and Chief Executive Officer, said: “The new responsibilities we are announcing today play to each executive’s unique strengths and capitalize on their outstanding track records of driving growth and excellence. These changes will help us realize the full range of significant opportunities we foresee for our clients, people and shareholders.”
If you would like to learn more about the large platform events we are tracking, please reach out to David Stanford or John Seaton. If you would like to suggest a news or media outlet that should be considered, please contact us.
