12.22.22 | This week we recognized 4 capital-related transactions with a disclosed value of $0.7 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $0.7 | Capitaland, Ally Logistic Set-up S$1 Billion ($740 Million USD) Southeast Asia Logistics Fund with Thailand’s Pruksa |
| N/A | Landmark Properties, Manulife Form Student Housing JV |
| N/A | KREST Purchases Multifamily Portfolio in Japan |
| N/A | Newmark Introduces National Single Family Rental Group |
| $0.7 | Total |
Additionally, we recognized 1 leadership change within the industry.
Summary of Transaction Headlines
Mingtiandi | “Capitaland, Ally Logistic Set-up S$1 Billion ($740 Million USD) Southeast Asia Logistics Fund with Thailand’s Pruksa”
Singapore’s CapitaLand Investment and Taiwan-based Ally Logistic Property have joined forces with Thai developer Pruksa Holding to establish a Southeast Asia warehouse fund with a target size of S$1 billion ($740 Million USD) in assets under management. The three partners have committed an initial equity investment of S$270 Million ($200 Million USD) to CapitaLand SEA Logistics Fund with an option to increase their investment up to S$540 Million ($399 Million USD), CapitaLand Investment said Monday in a release.
Multi Housing News | “Landmark Properties, Manulife Form Student Housing JV”
Landmark Properties continues expanding its student housing portfolio with another build-to-core joint venture that will focus on developing and operating residential properties in targeted markets throughout the United States. The latest agreement is with Manulife Investment Management, and the first project will be The Standard at Four Corners, an 890-bed community at the University of Connecticut in Storrs, Conn.
Globe St. | “KREST Purchases Multifamily Portfolio in Japan”
KKR Real Estate Select Trust Inc. has completed the purchase of a portfolio of 39 newly built multifamily properties in Tokyo. The portfolio was delivered in 2022 by a Japanese developer. The properties were master-leased to a Japanese residential property manager with a contractual 100% occupancy rate. The 39 newly built multifamily properties feature modern designs and are situated in 15 popular residential submarkets with convenient access to local train stations and Tokyo’s large transportation hubs.
PR Newswire | “Newmark Introduces National Single Family Rental Group”
Newmark is pleased to announce the formalization of the company’s Single Family Rental (SFR) group, focusing on investment sales, programmatic joint-venture equity placement and debt and structured finance. The SFR group—led by Vice Chairmen Chad Lavender and Ryan Maconachy—will be part of Newmark’s Multifamily Capital Markets group. Directors Leland Manning and Josh Francis will also spearhead the firm’s efforts in the SFR space. The group will execute assignments in conjunction with Newmark’s Multifamily Capital Markets group, led by Chief Strategy Officer and President and Head of Multifamily Capital Markets Jeff Day.
IREI | “Barings Boosts European Real Estate Team with Multiple Hires”
Barings has made several appointments in Germany and the Netherlands in recent months, demonstrating the firm’s ambitions for continued growth across Europe. Jochen Becht, Leon Kräuter, Nikolaus Trotzky, and Viktor Ophoven all joined Barings’ German real estate equity team and are based in Frankfurt. Becht joins Barings as a director in asset management and will report to Johannes Miethke. He has held asset management positions at Allgemeine Hypotheken Bank Rheinboden, Goldman Sachs / Archon, and AXA Investment Managers. Most recently, he ran different development and asset management portfolios at Corestate.
