Summary of Transaction Headlines

Commercial Observer | “Heitman Secures $2 Billion in Investment Commitments for Firm’s Largest CRE Fund”

Global real estate investment giant Heitman has closed the largest fundraise in firm history to open 2026. The Chicago-based firm, with $48 Billion assets under management, announced that its Heitman Value Partners Fund VI (HVP VI) has secured $2 Billion in investment commitments, exceeding the fund’s target by $250 Million. The fund sourced capital from 30 different investment groups across seven countries.

Bisnow | “AION Trio Departs to Form New Firm, Old Spring Capital, Targeting $1 Billion in Multifamily Buys”

Three executives of New York-based AION Partners have broken off to start their own investment firm focused on acquiring middle-market and workforce multifamily. Sean Belfi, Craig Boyarsky, and Brendan Glavin are behind the private venture, Cold Spring Capital. The three aim to spend $1 Billion to acquire 10,000 apartment units over the next five years through direct acquisitions and joint ventures.

Bisnow | “BXP Offloads $1 Billion of Land, Multifamily, Life Sciences, and Office”

Just four months after telling investors it planned to offload $1.9 Billion of noncore assets, BXP is more than halfway to its goal. Since September, the Boston-based REIT has offloaded more than $1 Billion across 16 assets: seven suburban land parcels, two multifamily properties, and seven noncore office and life sciences properties. BXP had unveiled the strategy at an investor day conference in September, saying it planned to sell nearly 30 assets between 2025 and 2027 to fund its development pipeline. 

Business Wire | “Cushman & Wakefield Hires Joey Verrant as Chief Operating Officer of Asset Services Multifamily”

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, is pleased to announce that Joey Verrant has joined the company as Chief Operating Officer of Asset Services Multifamily. In this role, Verrant will partner closely with Asset Services Multifamily leadership to drive performance and service excellence in operations across all managed properties. He will also be instrumental in shaping and executing strategies, ensuring robust controls, and fostering a high-performance culture that supports organizational growth and client satisfaction.

IREI | “Principal Asset Management Hires Co-Head of U.S. Data Centers”

Principal Asset Management has appointed Ian Curry as Co-Head of U.S. Data Centers, partnering with Casey Miller to co-lead this strategic growth area within the firm’s private equity real estate platform. In this role, Curry will help further scale the data center platform, which includes $11 Billion of assets and has been in operation for nearly two decades. Curry will oversee investment performance across the data center portfolio and help advance the strategic growth of the platform, including new fund initiatives, strategic partnerships, and investor engagement.

Commercial Observer | “Rockefeller Group Names New Investment and Administrative Leaders”

The Rockefeller Group has promoted​​ the company’s Chief Financial Officer, Stokes Moore, adding Chief Investment Officer to his already voluminous duties, according to the firm. Moore has served as CFO for the commercial real estate owner and developer since 2018 and holds the title of Executive Vice President. In his additional role, Moore will weigh new investment and development opportunities for Rockefeller Group on a national level.