REAL ESTATE INVESTMENT
Invesco Real Estate Income Trust Inc. | April 28, 2022
On April 27th, institutionally-managed, public real estate trust, Invesco Real Estate Income Trust, Inc. (INREIT), announced the acquisition of a new self-storage property. The property is a 491-unit self-storage facility situated at 3975 University Parkway, Winston-Salem, North Carolina. It is located just 1.5 miles away from Wake Forest University.
In today's capital market environment, self-storage assets with strong demand fundamentals are attractive investments that provide monthly mark-to-market opportunities to offset inflationary impacts. Self-storage is a resilient sector through economic cycles and we're pleased to acquire this desirable property."
R. Scott Dennis, President and Chief Executive Officer for INREIT
The property is an addition to INREIT’s self-storage portfolio, as the third investment boosts the portfolio to $75 million.
REAL ESTATE TECHNOLOGY
businesswire | December 03, 2020
Stockbridge declared today that it has shaped a joint endeavor with the National Pension Service of Korea ("NPS") to gain center coordinations properties in the U.S. In association with Stockbridge's open-end center asset and an extra institutional financial specialist, this recently framed endeavor has resolved to get a 14.3-million square foot arrangement of Class A coordinations offices over the U.S.— the biggest exchange by estimation of modern properties since the beginning of the pandemic. Monetary terms of the exchange and the vender were not revealed.
The portfolio incorporates as of late finished and destined to-be-finished properties, with a critical portrayal of significant web based business inhabitants under long haul leases. With a normal year worked of 2020, the portfolio epitomizes the most recent advancement in innovation forward coordinations development, planned towards satisfying need for ever-quicker online business satisfaction and conveyance times.
“We are excited to acquire high-quality industrial properties that are well aligned with our strategy to capitalize on the paradigm shift to e-commerce,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “This acquisition will be an excellent addition to our real estate portfolio. Additionally, our local presence in New York has allowed us to quickly underwrite the portfolio and manage partner relationships to successfully form this venture.”
“We see this acquisition as an exceptional way of tapping into the rapid acceleration of e-commerce growth—one of the most impactful investment themes post-COVID, and likely of the decade to come,” said Terry Fancher, Stockbridge Executive Managing Director. “The tremendous ongoing support of our venture partners has afforded us the opportunity to transact quickly and nimbly in order to access these kinds of rare opportunities at scale.”
“This is an extraordinary-quality core portfolio considering its modern construction, high-credit and e-commerce tenant base, and long-term leases,” added Nicole Stagnaro, Stockbridge Managing Director. “It’s difficult to find better cash-flow visibility across private equity real estate today, particularly in a period of broad market uncertainty.”
The exchange is Stockbridge's third huge scope portfolio procurement in the modern area in the previous 16 months. Other late buys remember a 8.7-million-square-foot portfolio for November 2019 and a 6.4-million-square-foot portfolio in August 2019. The firm has likewise been exceptionally dynamic in single-resource mechanical acquisitions all through 2020. Joined with the latest exchange, Stockbridge's developing mechanical impression is on target to outperform 55 million square feet.
REAL ESTATE TECHNOLOGY
prnewswire | March 01, 2021
World Series of Golf, Inc. through its new working auxiliary, Vaycaychella, today reported starting beta testing of its elective account application intended to encourage the acquisition of momentary investment properties.
Tomorrow, an email will go out to all gatherings that communicated interest on the organization's site in taking part as beta clients. Subsequent to affirming beta clients, the organization will give the beta clients admittance to the Vaycaychella application. The underlying beta testing period is at present booked to go on until the finish of this current month at which time results will be inspected and application updates will be evaluated.
The organization is on target to deliver the application to beta clients before the current month's over. A creation discharge is additionally on target for June.
The Vaycaychella application is intended to engage another age of transient investment property administrator business visionaries (or Rentrepreneurs) and to offer admittance to another age of land financial backers.