Summary of Transaction Headlines

Connect CRE | “Bain Capital, 11North Close $1.6 Billion Fundraise for Open Air Retail Platform”

Bain Capital Real Estate and 11North Partners have closed a capital raise of up to $1.6 Billion to invest alongside their co-owned, dedicated open-air retail-focused operating platform, which they formed in April 2024. Two leading global institutional investors anchored the capital raise, which includes commitments from existing and new Bain Capital investors. Together with participation from Bain Capital Real Estate Fund III, the platform has access to more than $2 Billion of investable equity.

Bisnow | “Deloitte Executive Tapped to Lead Freddie Mac”

The White House tapped into the consulting world to find a new corporate leader for Freddie Mac. Kenny Smith was named CEO of Freddie Mac and will join the Board of Directors. Smith came to the agency after a 25-year career at Deloitte, where he was most recently the Head of the Government and Public Services Customer Practice. Mike Hutchins, President and the former Interim CEO of Freddie Mac, said in a statement that Smith’s “background and decades of experience in financial services” would be an asset to the agency.

Bisnow | “C-Suite Shake-up at Industrial REIT EastGroup Properties”

EastGroup Properties promoted four employees to executive-level positions as part of the industrial REIT’s focus on long-term growth. The company, based in Ridgeland, Mississippi, is promoting Reid Dunbar to President from his former role as Head of its Central Region and Staci Tyler to Chief Financial Officer from Chief Administrative Officer and Chief Accounting Officer. Brent Wood, the company’s former Chief Financial Officer, will fill the newly created role of Chief Operating Officer. Michelle Rayner will take over as Chief Accounting Officer.

BNN Bloomberg | “AIMCo Names Ray Gilmour as Permanent CEO”

Alberta Investment Management Corp. has made Ray Gilmour its permanent Chief Executive Officer, removing the interim tag from the job he took more than a year ago when the province overhauled the pension fund manager’s senior ranks. AIMCo’s Board of Directors appointed Mr. Gilmour as CEO effective immediately. His performance had been reviewed by a third party.

IREI | “Forum Names Jarvie Worcester as Head of Real Estate”

Forum Investment Group has appointed Jarvie Worcester as Head of Real Estate. In this newly created role, Worcester will oversee all transaction activity across Forum’s real estate equity business, including land acquisitions, new development, co-GP investments, and operating property acquisitions and dispositions. He will play a key role in ensuring disciplined execution throughout the investment lifecycle.

Green Street News | “Cala Group Appoints Tom Nicholson CEO”

UK housebuilder Cala Group has appointed Tom Nicholson Chief Executive Officer (CEO). Nicholson succeeds Kevin Whitaker, who has served as CEO since 2018, with the former bringing more than 30 years of leadership experience in the housebuilding sector to the new job. Nicholson previously held senior roles at Crest Nicholson, as well as Divisional Chairman positions at Linden Homes, Galliford Try, Berkeley Homes, and Trafalgar House.

Bloomberg | “AustralianSuper’s CIO Mark Delaney to Retire”

Mark Delaney, CIO and Deputy Chief Executive of the AustralianSuper superannuation fund, is set to leave on June 20, 2026, after 25 years at the A$400 Billion ($265.42 Billion USD) fund. The super fund will conduct a global search for his replacement. AustralianSuper CEO Paul Schroder said Delaney has made a significant contribution to the fund and the country’s broader super industry.

Business Wire | “CBRE Announces Promotions in Advisory and Real Estate Investments Business Segments and Trammell Crow Company Business Line”

CBRE announced promotions for senior executives in its Real Estate Investments and Advisory Services business segments and Trammell Crow Company business line, effective January 1, 2026. Andy Glanzman has been promoted to CEO of the Real Estate Investments (REI) segment. In this role, he will have executive oversight of both Trammell Crow Company, CBRE’s real estate development subsidiary, and CBRE Investment Management, its global real assets investment management subsidiary.