Summary of Transaction Headlines

IREI | Digital Realty Announces Final Close of $3.25 Billion U.S. Hyperscale Data Center Fund

Digital Realty has completed a final close for its inaugural U.S. hyperscale data center fund, securing $3.25 Billion of total equity commitments from a diverse group of global institutional investors, including public pensions, sovereign wealth funds, endowments and foundations, corporate pensions, insurance companies and asset managers, and family offices. The fund is primarily focused on the ownership and development of hyperscale data centers across major Tier 1 U.S. metros, including Northern Virginia, Santa Clara, Dallas, Atlanta, Charlotte, and New York.

CoStar | ICG Real Estate Announces €1.4 Billion ($1.6 Billion USD) Final Close for Second Metropolitan Fund

ICG Real Estate (“ICGRE”), the real estate division of global alternative asset manager ICG, announced that it has held the final close for the second vintage of its Opportunistic Real Estate strategy (“Metropolitan” or “the Portfolio”). ICG Metropolitan Fund II, together with its related vehicles (“ICG Metro II” or “the Fund”), received €1.4 Billion ($1.6 Billion USD) of commitments (of which c. $600 Million raised post 31 December 2025). The Fund materially surpassed its €1Billion ($1.2 Billion USD) target owing to strong demand from a globally diverse group of investors including sovereign wealth funds, pension funds, insurance companies, and asset managers. 

Commercial Property Executive | NorthPoint Closes $1.5 Billion Industrial Fund

NorthPoint Development has closed its largest fund, NorthPoint Industrial Fund VII with more than $1.5 Billion in equity available, including nearly $1.3 Billion in direct commitments and more than $300 Million in co-investment capital. The fund, including leverage, is expected to capitalize about $4 Billion in U.S. industrial investments. The fund significantly exceeded its initial target of $1 Billion. Investors in Fund VII include endowments, foundations, public pensions, insurance companies, asset managers, family offices and high net-worth investors.

IREI | CBRE Investment Management Hires Laura Dunn as Head of the Commercial Operator Division for Americas Direct Real Estate

Laura Dunn has joined CBRE Investment Management (CBRE IM) as Head of the Commercial Operator Division for Americas Direct Real Estate. In this role, she will be responsible for the transactions and asset management teams covering retail, office, life science, self-storage and medical office across the United States. Dunn, who has 20 years of industry experience, joins from Spear Street Capital, where she most recently served as Managing Director.

Bisnow | Camden Property Trust Names New CEO, Co-Founder Campo Steps Back

Camden Property Trust, one of the country’s largest publicly traded multifamily REITs, named Alex Jessett as its second-ever CEO. Jessett has been with the company since 1999, most recently as President and Chief Financial Officer. He replaces Ric Campo, who had been Camden’s CEO since the company’s initial public offering in 1993. Campo will now serve as Executive Chairman of the Board of Trust Managers, which Jessett will also join.

Bisnow | Extell Development Company Appoints Andrew Chung as President and Co-Chief Executive Officer

Gary Barnett, one of New York’s most prolific skyscraper builders, has a new right-hand man. Innovo Property Group Founder Andrew Chung is joining Extell Development as President and Co-CEO, Barnett’s development firm. Chung starts immediately. Chung will lead the company alongside Barnett, who remains Chairman and CEO. Chung will oversee the company’s strategic direction, development pipeline, capital relationships and long-term growth initiatives.