Large Platform Events | Issue 23.20

 

Summary of Transaction Headlines

Affordable Housing Finance | “Nuveen Acquires Omni Holding’s Affordable Housing Portfolio”

Nuveen announced that it is acquiring Omni Holding Co.’s affordable housing portfolio. The transaction positions Nuveen as one of the nation’s largest institutional managers of much-needed affordable housing and increases the value of Nuveen’s affordable housing assets under management to $6.4 Billion. Financial terms of the transaction were not disclosed. The deal involves 46 properties comprising roughly 12,000 affordable units, according to officials.

IPE Real Assets | “Abrdn’s Real Assets Head Slater to Join Redevco as CEO”

Redevco appoints new CEO. Neil Slater has been appointed CEO. Slater will join Redevco in October from Abrdn, where he currently serves as global head of real estate and real assets. Andrew Vaughan is stepping down as CEO after a career at Redevco, spanning more than two decades. Slater was previously the CEO and representative director of Abrdn’s Japanese business.

Businesswire | “CBL Properties Names Katie Reinsmidt COO and Announces Other Key Executive Promotions”

CBL Properties (NYSE:CBL) today announced the promotion of three Executive Leaders: Katie Reinsmidt was promoted to Executive Vice President  Chief Operating Officer, Jennifer Cope to Executive Vice President  Operations Services & Risk Management and Joseph Khalili to Executive Vice President Financial Planning & Analysis. In the newly created position of EVP COO, Katie Reinsmidt will oversee the operations of the Company’s portfolio, driving strategic growth initiatives, enhanced analytics, financial performance and operating efficiencies. In addition, Reinsmidt will continue to provide oversight of CBL’s Investor Relations, Environment, Social and Governance and Corporate Communications programs.

Bisnow | “Starwood REIT Replaces CEO Who had Led it Since 2017 Launch”

Starwood Real Estate Income Trust, the second-largest nontraded REIT in the country, has swapped CEOs amid a turbulent time for the real estate market and an upswing in investors looking to pull their funds. John McCarthy, who served as SREIT’s CEO since its launch in 2017, was replaced by Sean Harris, who had been its President since 2021, according to a Securities and Exchange Commission filing first reported by CoStar.

Property Week | “The Dot Group Names Board and Hires Joseph Manasseri as COO”

Student living provider The Dot Group has confirmed the line-up of its Board of Directors and appointed Joseph Manasseri as Chief Operating Officer (COO). The Dot Group said Manasseri, a former Managing Director ofglobal Asset Management at GE Capital Real Estate, will be based in New York, primarily focused on business performance and the operations of Dot’s underlying businesses.

Businesswire | “Alternative Investment Management Firm Preserver Partners, LLC Hires Caroline Lovelace as Chief Investment Officer”

Preserver Partners LLC, a diverse-owned and woman-led alternative investment management firm, proudly announces the hire of Caroline Lovelace as Chief Investment Officer. Caroline’s arrival and the wealth of experience she brings helps honor the memory of Preserver Partners’ founder Dr. Floyd Tyler, Jr., who passed away in early 2023.Caroline Lovelace joined Preserver Partners in April 2023. As CIO and Co-Portfolio Manager, Caroline oversees all investments for the firm’s managed portfolios, focusing on Portfolio Construction, Manager selection and Risk Management.