Summary of Transaction Headlines

IREI | “Blue Owl Capital Announces $7 Billion Final Close for Digital Infrastructure Fund”

Blue Owl Capital has held a final close of its most recent digital infrastructure fund, Blue Owl Digital Infrastructure Fund III (ODI III), with $7 Billion of total capital commitments. ODI III exceeded the original target of $4 Billion and hit its hard cap. ODI III will focus on developing, acquiring, and owning data centers and other connectivity-related real assets to help meet the AI- and cloud-driven global digital capacity needs of the world’s largest technology companies, with a focus on large-scale, build-to-suit developments.

IPE Real Assets | “New Home Co. to Buy Landsea Homes for $1.2 Billion”

Apollo-owned US housebuilder New Home Co. is acquiring Nasdaq-listed competitor Landsea Homes in a $1.2 Billion take-private deal. New Home Co. said it is offering Landsea Homes shareholders $11.30 cash for each share held, an amount that represents a 61% premium to the last closing price of Landsea Homes shares. The acquisition gives Landsea Homes a $1.2 Billion enterprise value and is supported by a $650 Million equity injection from Apollo funds, which have held a majority stake in New Home since 2021.

Bloomberg | “LondonMetric to Acquire Urban Logistics in £698 Million ($ 927.6 Million USD) Deal”

Property company LondonMetric revealed that it has reached agreement on the terms of a recommended cash and share offer for Urban Logistics REIT. LondonMetric said the deal was priced at 150.3p per Urban Logistics share, valuing the REIT at a total of £698.9 Million ($ 927.6 Million USD). Urban Logistics shareholders will receive 0.5612 new LondonMetric shares, as well as 42.8p in cash for each share they own, and will hold a roughly 11% stake in the combined group. It also noted that Urban Logistics shareholders would receive a final interim dividend of 4.35p per share. 

IPE Real Assets | “NBIM Invests $800 Million in Core Plus North American Logistics Via Blackstone”

Norges Bank Investment Management is investing $800 Million in core-plus logistics in North America through a Blackstone fund. The manager of the NOK19.1 Trillion ($1.8 Trillion USD) Norwegian Government Pension Fund Global said it has committed the capital to the closed-ended Blackstone Americas Logistics (BAL) fund. BAL will invest in logistics warehouse properties located in large population centers in the US and Canada.

IREI | “Grubb Properties Appoints Harold “Skip” Schwartz III as Deputy CIO”

Grubb Properties has appointed Harold “Skip” Schwartz III as the firm’s Deputy CIO. In this role, Schwartz will lead the capital formations team and leverage his significant capital relations and portfolio management expertise to deepen and expand Grubb Properties’ partnerships with institutional investors globally. Before Grubb Properties, he worked at Heitman, most recently having built the firm’s Asian investment management business from the ground up and then as a Senior Advisor to the platform upon his return to the United States.

IPE Real Assets | “Tredway to Head JP Morgan AM Global Real Estate”

Chad Tredway has been appointed Global Head of Real Estate. In this new role, Tredway will oversee real estate operations across the Americas, Europe, and Asia Pacific. Tredway previously held senior roles in JP Morgan’s real estate banking and commercial lending teams before leaving to found Trio Investment Group, a boutique real estate investment management firm. JP Morgan Asset Management brought Tredway back to JP Morgan in 2024, acquiring Trio Investment Group in the process.

IREI | “SREIT Appoints Nora Creedon CEO”

Starwood Real Estate Income Trust (SREIT), a non-listed REIT managed by Starwood Capital Group, has announced that Nora Creedon has been appointed SREIT’s President and CEO, effective July 28, 2025. Creedon will succeed Sean Harris, who is stepping down to pursue other opportunities. Creedon joins SREIT after 18 years at Goldman Sachs, where she most recently served as CEO and President of GS REIT, a non-traded equity REIT, and as a Managing Director in the private real estate group within the firm’s asset & wealth management division.