Large Platform Events | Issue 24.29

 

Summary of Transaction Headlines

Bisnow | “Brookfield Snaps Up Another Massive Industrial Portfolio for $1.3 Billion”

Brookfield Asset Management is continuing its industrial buys, this time acquiring a 14.6 Million Square Feet portfolio of infill light industrial assets for $1.3 Billion. The purchase consists of 128 buildings and spans 20 markets, particularly along the Sun Belt and Midwest, with 18 properties in Atlanta, 17 in Houston, 16 in Dallas, and 12 in Tennessee. The deal significantly increases Brookfield’s global logistics footprint in one blow. Its existing portfolio consists of 425 properties totaling about 150 Million Square Feet.

IREI | “CBRE Expands Real Estate Accounting Partnership With AEW’s Private Equity Group”

CBRE has announced an expanded outsourcing agreement with AEW Capital Management to provide real estate accounting- and reporting-related services to AEW’s North American private equity group, which manages direct private equity investments in core, value-added, and opportunistic real estate investments in the United States. As part of this agreement, CBRE will provide AEW with accounting, financial reporting, and property oversight services for approximately $40 Billion in U.S. commercial real estate investments.

Business Wire | “Rastegar Hires Dr. Fatma Tarlaci as Chief Technology Officer”

Rastegar (“Rastegar” or the “Company”), the real estate investment and development company based in Austin, Texas, announced the appointment of Fatma Tarlaci, Ph.D., as its Chief Technology Officer, effective immediately. A technologist with over a decade of experience in artificial intelligence (AI), machine learning (ML), and data science technologies, Dr. Tarlaci will be responsible for developing best-in-class proprietary AI tools for Rastegar that will support the firm’s bullish real estate investment strategy and long-term growth.

Business Wire | “CoStar Group Names Rich Simonelli Head of Investor Relations and Cyndi Eakin Chief Accounting Officer”

CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced the appointment of Rich Simonelli as Head of Investor Relations and Cyndi Eakin as Chief Accounting Officer. Each will report to Chris Lown, Chief Financial Officer of CoStar Group. Simonelli, who previously held a similar role at CoStar Group for nine years, will rejoin the company from national real estate brokerage Compass, where he served as Senior Vice President, Investor Relations. 

PR Newswire | “Bell Partners Announces Two New Senior Management Hires”

Bell Partners (the “Company”), one of the nation’s largest apartment investment and management companies, announced the appointments of Barbat Rodgers as Senior Vice President, Investor Relations, and Meghan Burke as Senior Vice President, Partner Solutions. Ms. Rodgers will oversee the company’s investor relations team, serving as the primary point of contact for investors. Ms. Burke will focus on the company’s capital raising activities, working closely with Bell Partners’ global investor base. Both officers will report to Joseph Cannon, EVP of Portfolio Management.