Summary of Transaction Headlines

Commercial Observer | “JP Morgan Chase Lends $7 Billion on Oracle Leased Texas Data Center Development”

A joint venture between Blue Owl Capital, Crusoe, and Primary Digital Infrastructure has sealed $7 Billion construction financing from a consortium led by J.P. Morgan Chase for the second phase of a 1.2-Gigawatt artificial intelligence data center in Abilene, Texas, leased to Oracle. The massive balance sheet deal closed four months after J.P. Morgan supplied a $2.3 Billion construction financing package for the initial 206-Megawatt phase of data center development at the Lancium Clean Campus.

IPE Real Assets | “Prologis Plans €6 Billion ($6.7 Billion USD) Logistics and Data Center Investment in France”

Prologis is to invest more than €6.4 Billion ($6.7 Billion USD) in France to support the development of new logistics facilities and data centers across the country. France has been a cornerstone market for Prologis since 2002 and this new investment will significantly expand the company’s footprint in both logistics and digital infrastructure, supporting the transition to smarter, more sustainable supply chains.

IREI | “BlackRock Buys Majority Stake in Australian Self-storage Platform StoreLocal for $1.3 Billion”

BlackRock, through funds managed by its real estate business, has acquired a majority interest in the privately owned nationwide self-storage platform StoreLocal. Founded in 2010, StoreLocal is Australasia’s fourth-largest operator, owning and managing more than 40 self-storage assets in Australia. The company implemented pioneering technology in 2019 and has since become a leading market player operating a 24/7 unmanned store model.

IREI | “Mesirow Financial Real Estate Value Fund V Raises $1.2 Billion”

Mesirow Institutional Real Estate Direct has held a final closing for its Mesirow Financial Real Estate Value Fund V, securing $1.2 Billion in investor commitments. The fund’s hard cap was established to maintain portfolio diversification and ensure disciplined investment pacing. “With Fund V, we remain focused on multifamily assets in select major U.S. metropolitan markets, building on a platform with more than $8.5 Billion in assets under management.

IPE Real Assets | “PIMCO’s European Data Center Fund Nears €1 Billion ($1.1 Billion USD) Target”

PIMCO’s European data center fund had secured approximately €800 Million ($904 Million USD) as of February this year, real estate investment consultant NEPC disclosed in a board meeting document for the Ventura County Employees’ Retirement Association (VCERA). According to the document, VCERA intends to approve and issue a $30 Million commitment this month to PIMCO European data center opportunity fund, a fund seeking to raise €1 Billion ($1.1 Billion USD).

Reuters | “Brookfield & Lunate Set Up $1 Billion Real Estate JV in Middle East”

The alliance will focus on developing build-to-sell and “opportunistic” buy-to-sell residential assets across the UAE, Saudi Arabia, and other markets in the Middle East. Brookfield Asset Management and Abu Dhabi-based alternative investment manager Lunate have announced the formation of a $1 Billion joint venture (JV) to target the residential real estate sector across the Middle East, with a focus on the UAE and Saudi Arabia.

Bisnow | “Mitsui Fudosan Eyes UK Residential Market Amid Global Expansion Drive”

One of the world’s largest real estate companies is planning to expand into UK residential, with eyes on the build-to-rent, student accommodation and build-for-sale sectors. Despite uncertainty in financial and property markets, the Tokyo-listed investor and developer with a market capitalization of £20 Billion ($26.8 Billion USD) plans to continue its path of global expansion, with both the UK and U.S. on its radar.

Bisnow | “Blackstone Merges Office and Retail Portfolios to Create Perform Properties”

Blackstone is combining three of its portfolio companies to create a new real estate firm with exposure to the office and retail sectors. The New York-based investment giant is creating Perform Properties by merging ShopCore Properties, Retail Opportunity Investments Corp., and EQ Office. The 33 Million Sq. Ft. Perform Properties portfolio consists of 175 properties across 36 markets.

IREI | “Tim Murnane, Opus President and CEO, to Retires”

Tim Murnane has announced his retirement as President and CEO of Opus, working through the end of 2026, at which time he will have given 38 years of service to Opus and 46 years in the commercial real estate industry. Matt Rauenhorst, currently President and CEO of Opus Development Co., has been selected by the Opus Board of Directors to succeed Murnane.

Green Street News | “Edge Appoints Marian Herman as New CEO, Coen Van Oostrom Transitions to Executive Chair”

Edge, Europe’s leading sustainable real estate developer and emerging investment manager, is entering a dynamic new chapter in its international growth journey. As the company expands its focus beyond development and into global investment management, it is strengthening its leadership team to align with its ambitions. From September 1st, Marian Herman will step into the role of CEO at Edge, following a transition period beginning in May.