REAL ESTATE TECHNOLOGY

National Pension Service of Korea and Russell Investments Form New Global Listed Real Estate Strategy

businesswire | December 21, 2020

National Pension Service of Korea and Russell Investments Form New Global Listed Real Estate Strategy
Russell Investments, a main worldwide speculation arrangements accomplice, declared today that South Korea's public benefits store, the National Pension Service (NPS), has collaborated with the firm for US$1 billion worldwide recorded land order. This is the second Global Real Estate Securities (GRES) order granted by NPS to Russell Investments as a feature of their longstanding relationship

“We’re very honored that our dynamic client NPS has extended their trust in our ability to deliver a beneficial listed real estate solution,” said Global Chief Investment Officer Pete Gunning at Russell Investments. “NPS has been actively engaged in the cutting-edge real estate asset class, even amid the COVID-19 pandemic, and we share their commitment to this increasingly important asset class.”

“We are excited to further expand our listed real estate capability to capitalize public real estate market opportunities and complement the private real estate portfolio,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “Not only does this new mandate allow us to efficiently capture the potential price discrepancies between public and private real estate markets going forward but it will also act as an excellent portfolio diversifier, and help improve the overall portfolio risk-adjusted return.”

The new order is intended to make the most of strategic open doors with the larger part assigned after times of market slumps. NPS plans to use Russell Investments' broad exploration endeavors, including 30 years of involvement investigating land supervisors, and vigorous execution abilities to seek after a deft way to deal with market openings. Russell Investments will actualize the company's multi-resource portfolio the board capacities, to deliberately address portfolio hazard.

Looking toward 2021, Russell Investments' tacticians expect public land will pull in more income because of economic situations that element broadened low loan fees, generally high U.S. value valuation and plentiful liquidity.

“Successful distribution of COVID-19 vaccines should enable demand for public real estate to recover, particularly for the most impacted property sectors, such as retail, office and lodging,” said Bruce Eidelson, Director, Senior Portfolio Manager, Equity, at Russell Investments. “We expect the ever-broadening intra-sector performance dispersion will create a better active management environment which can produce significant return over the benchmark.”

Powerful dynamic administration in the $2 trillion GRES market, which in 2020 remembers 470 organizations for 35 nations and 11 areas, has gotten progressively significant as financial specialists look for return potential in very much broadened portfolios. For instance, research on Russell Investments' universe of land administrators shows an exhibition spread of in excess of 300 premise focuses among first-and third-quartile supervisors in the course of the last 12 quarters.

About Russell Investments

Russell Investments is a leading global investment firm providing tailored solutions and services to institutions and individuals through financial intermediaries. Russell Investments is the fourth-largest adviser in the world with $297.5 billion in assets under management (as of 9/30/2020) and $2.5 trillion in assets under advisement (as of 6/30/2020) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments operates through 19 offices in major financial centers such as New York, London and Tokyo.

Spotlight

Equity Residential (NYSE: EQR) today reported results for the quarter and year ended December 31, 2014. All per share results are reported as available to common shares on a diluted basis.

Related News

REAL ESTATE TECHNOLOGY

Berkshire Hathaway HomeServices Toronto Realty adds to its leadership team Heather Hadden

businesswire | December 22, 2020

Berkshire Hathaway HomeServices Toronto Realty, a land financier intended for the present market and the group that carried Berkshire Hathaway HomeServices to Canada, is satisfied to report the expansion of Heather Hadden to its authority group. Heather and the Hadden Homes Team have joined Berkshire Hathaway HomeServices Toronto Realty viable Thursday, December 17, 2020, and will source office space to dispatch a Berkshire Hathaway HomeServices Toronto Realty office in a midtown area by Spring of 2021. “Our goal has been to grow our leadership team with a focus on creating a motivational culture for our realtors,” said Mark Wadden, Co-Founder and CEO of Berkshire Hathaway HomeServices Toronto and West Realty. “Industry experts like Heather excel in every aspect of their business all while maintaining integrity and commitments to their clients. I am very excited to have Heather continue to grow her team under the Berkshire Hathaway HomeServices network and provide support and leadership to our Realtors.” Heather Hadden has driven a noteworthy direction all through her profession and has withdrawn Chestnut Park Realty in the number two recognize this (year to date). Hadden keeps on driving the city as one of the most elevated netting Realtors in the Greater Toronto Area, with different back to back a long time in the top 0.1% on the Toronto Real Estate Board positioning of Realtors. “I have worked with a few different top-level brokerages across Toronto during my career but never have I seen a brokerage as innovative and supportive as that of Berkshire Hathaway HomeServices Toronto Realty,” said Heather Hadden. “The leadership’s vision and execution of what a brokerage should be are impressive, to say the least, and I have never seen such a commitment to continuous improvement. I know this is where my team will call home moving forward and throughout our career.” “Heather is one of the most decorated and respected agents in Toronto amongst her colleagues, with years of being a top performer,” said David Binns, Partner and VP of Professional Development. "The entire team at Berkshire Hathaway HomeServices Toronto Realty is elated to have Heather in the network and cannot wait to see what she does for the brokerage in 2021.” “Both Mark and Blair have created an exciting and innovative formula to rapidly expand across the Ontario region," said Michael Jalbert, EVP of Global Business Development, Berkshire Hathaway HomeServices. “Their plan creates unique opportunities for top realtors to be part of something bigger in their career. They have already built one of the most respected leadership teams in the industry and I am sure this is just the start.” Chris Stuart, CEO of Berkshire Hathaway HomeServices, applauded the addition. “This is a great move for both Berkshire Hathaway HomeServices Toronto Realty and Heather,” he said. “Heather is a skilled and experienced leader who is also a terrific mentor – guiding and inspiring real estate professionals. As important, her team is talented, dedicated and ready to serve the region.” About Berkshire Hathaway HomeServices Toronto Realty Founded in 2015, Berkshire Hathaway HomeServices Toronto Realty provides the most innovative and valuable services in the industry both for their clients as well as their Realtors. With a rapidly expanding team and the addition of Berkshire Hathaway HomeServices West Realty, the company has more than 120 real estate professionals and has earned a reputation for leveraging cutting-edge technology and modern marketing to provide the most valuable customer experience in real estate. Currently, the company services the Greater Toronto Area and has growth plans spanning most of Southern Ontario.

Read More

REAL ESTATE INVESTMENT

LA City Council Passes Planning Reforms, Addresses Affordable Housing Shortage

LA City Planning | November 25, 2021

The Los Angeles City Council approved revisions to City Planning's Housing Element that will establish one of the most ambitious rezoning programs in the nation and address the systemic inequity in planning and land use policies that has contributed to the city's current housing crisis. The proposed changes will set new citywide strategies in motion to achieve a more equitable distribution of affordable housing across Los Angeles. The ambitious rezoning program would rezone parts of the city, in order to allow for over 250,000 new housing units within three years of the plan's adoption. This plan puts Los Angeles on track to meet the state's request for nearly 500,000 new units by 2029. "The Plan to House LA is designed to protect the most vulnerable Angelenos from displacement, eviction, and homelessness, It centers racial equity and environmental justice at the forefront of our planning considerations, aligning Los Angeles' citywide land use strategies to improve future access to housing, preservation, and production." - Director of City Planning Vince Bertoni. In addition to housing production, the plan also focuses on preventing displacement and advancing racial equity and opportunity. The Housing Element includes anti-displacement strategy studies, eviction defense programs, inclusionary zoning studies, a Citywide Housing Needs Assessment, and a focus on rezoning in higher opportunity areas. The California-mandated Regional Housing Needs Assessment (RHNA) allocation will be focused on high-opportunity areas of the city near jobs and transit, expanding existing programs that give incentives for developers to include affordable housing in new buildings and ensuring that Community Plan updates have housing goals based on equity and combat the concerning housing shortage. For decades, the City, surrounding region, and the State have alarmingly underbuilt housing. This shortage has led to LA having some of the highest rents and home prices in the nation. The biggest impact of LA's housing shortage is on working class families of all backgrounds, who find themselves facing exorbitant rents putting upward mobility out of reach. The city will have three years to create ordinances to put these policies into effect. Technical amendments to the City's Safety and Health Elements were also passed to reflect the update of the Housing Element in accordance with state laws. Rezoning will take effect through active community and neighborhood planning efforts, citywide rezoning efforts, and affordable housing incentive programs.

Read More

Berkshire Hathaway Realtor wins two awards from Asian Real Estate Association of America

centraljersey | August 04, 2020

Debbie Lang, a sales associate in the Princeton office of Berkshire Hathaway HomeServices Fox & Roach, Realtors, received two 2020 Asian Real Estate Association of America A-List Top Producer Awards.Lang had 26 transaction sides, ranking 45th among individual winners. Additionally, she had a transaction volume of $16,175,564, ranking 41st among individual winners.An award-winning sales associate, Lang has been recognized with the Circle of Excellence, E.P.I.C (Ethical, Professional, Innovative & Caring), Five Star Professional, President’s Circle and Chairman’s Circle awards.

Read More

Spotlight

Equity Residential (NYSE: EQR) today reported results for the quarter and year ended December 31, 2014. All per share results are reported as available to common shares on a diluted basis.