Summary of Transaction Headlines

IREI | “Blue Owl Raises $1.7 Billion for Digital Infrastructure Vehicle”

Blue Owl Capital’s new digital infrastructure vehicle, the Blue Owl Digital Infrastructure Trust, held its first close at approximately $1.7 Billion and commenced operations on Dec. 1, 2025, according to its SEC 8-K filing. From Oct. 1 to Dec. 1, 2025, Blue Owl raised an estimated $4.3 Billion in aggregate across its evergreen nontraded products $1.7 Billion on its Credit platform and $2.6 Billion on its Real Assets platform, surpassing the $3.4 Billion raised in the third quarter of 2025, per its SEC filing.

Bloomberg | “Blackstone Venture to Buy Hawaii Property Owner Alexander & Baldwin (A&B) for $1.5 Billion”

A joint venture between Blackstone Inc.’s real estate business, MW Group, and DivcoWest struck a deal to purchase a Hawaiian commercial property owner Alexander & Baldwin Inc. in a $1.5 Billion all-cash deal. The buyers agreed to pay $21.20 a share for the company. Including debt, the enterprise value of the transaction, which is expected to be completed in the first quarter, is about $2.3 Billion. A&B, which traces its roots back 155 years to sugar growers on Maui, owns roughly 4 Million Square Feet of commercial real estate, including shopping centers with a grocery store tenant.

Bisnow | “KKR to Invest in Assets of Brookfield’s Compass Datacenters”

KKR and Dallas-based Compass Datacenters have signed a definitive agreement in which the investment giant will inject money into a number of Compass’ existing data centers and future facilities. KKR’s investment in Compass is far from its first foray into the data center space. In 2022, the firm acquired data center operator CyrusOne in a take-private deal valued at $15 Billion. KKR this year partnered on a $4 Billion data center campus in Texas with Energy Capital Partners as well as a major platform-level partnership in the Middle East with Gulf Data Hub.

IPE Real Assets | “CBRE IM Names Eertink President and CIO of EMEA Direct Real Estate”

Rik Eertink has been appointed President and Chief Investment Officer of EMEA direct real estate. Eertink previously served as President of EMEA direct real estate for the past five years. He will be supported by four senior leaders taking on broadened responsibilities: Hannah Marshall, Bas Tiemstra, Jan-Willem Bastijn and Niels Kokkeel. This change follows the departure of Paul Gibson, who previously served as CIO of EMEA direct real estate strategies.

IREI | “CenterSquare Names Co-CIOs”

CenterSquare Investment Management has appointed Dean Frankel, Global Head of Real Estate Securities and Robert Holuba, Managing Director of Private Equity Real Estate, as Co-CIOs. Todd Briddell will retain his role as CEO. In addition to their Co-CIO duties, Frankel will continue to lead the listed securities business and Holuba will assume oversight of the entirety of CenterSquare’s private real estate capabilities.

IREI | “Vernon Chin Joins Lone Star Funds as a Senior Managing Director and Co-Head of North America Real Estate”

Vernon Chin has joined Lone Star Funds as a Senior Managing Director and Co-Head of North America Real Estate. He previously served as a Partner at Divergent Group Holdings beginning in 2022. Chin also held a Senior Managing role at Lincoln Property Co. from 2023 to 2025 and spent 12 years as a Managing Director at Canyon Partners.

IPE Real Assets | “La Francaise Real Estate Managers Announces New CEO”

Philippe Depoux is to retire as CEO of La Francaise Real Estate Managers (REM) and will be replaced by Guillaume Allard in the new year. Allard, Deputy Managing Director and Head of Funds and Finance for the retail division of La Francaise REM, will take up the new position on 1 January 2026. Depoux joined La Francaise REM in 2020 after leadership positions at Compagnie Lebon, Gecina, Generali Real Estate and SFL.

Business Wire | “Industrial Logistics Properties Trust Appoints Yael Duffy as a Managing Trustee and President and Chief Executive Officer”

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced that Yael Duffy has been appointed as a Managing Trustee and President and Chief Executive Officer of ILPT, effective January 1, 2026. Ms. Duffy has been President of ILPT since April 2022 and its Chief Operating Officer since May 2020. Ms. Duffy is also an Executive Vice President of The RMR Group (Nasdaq: RMR), responsible for overseeing asset management, leasing, and property management functions of a portfolio of office, industrial, and retail properties managed by RMR.