Institutional Real Estate Americas

TRANSACTION NEWS: City Office REIT (NYSE: CIO) has made a $266 million sale of six class A office assets totaling 1.247 million square feet in Phoenix. Capital Markets at JLL represented City Office REIT in the sale of the properties to Southwest Value Partners. https://lnkd.in/gwuHmrdS

PEOPLE NEWS: Matthew Saverin has been promoted to senior director at UTIMCO. Previously, he was director of real return for UTIMCO, responsible for real asset investments across real estate, natural resources and infrastructure on a global basis. Before joining UTIMCO, Saverin worked at Bayshore Global Management. He began his career at Goldman Sachs as an energy research analyst. https://lnkd.in/g7dwZVCS

PEOPLE NEWS: KKR has appointed Adam Selipsky, former CEO of Amazon Web Services (AWS), as a senior technology and AI strategy adviser to the firm. Selipsky, one of the most recognized leaders in cloud and enterprise technology, will help guide KKR’s global digital infrastructure platform as the firm accelerates investments in the next generation of artificial intelligence (AI), data centers and energy. https://lnkd.in/gzWV2Pgs

ACQUISITION NEWS: Broadshore Capital Partners has announced that its management team led by Brad Howe, the firm’s CEO, has acquired the majority ownership interest formerly held by the Guardian Life Insurance Co. of America, completing a strategic transition to being a fully independent, management-owned firm. https://lnkd.in/gJ_b-KjM

COMMITMENT NEWS: Heitman has received a $90 million allocation to its North American value-add real estate series from Border To Coast Pensions Partnership, one of the largest pension funds in the United Kingdom with £55 billion ($74 billion) under management. The commitment was made on behalf of Border to Coast’s Global Value-Added Real Estate Fund. https://lnkd.in/g4NAmaQU

INTERVIEW: The real impact of AI on real estate demands cultural readiness and the continuous evolution of AI-infused operations alongside human teams. AI is meant to enhance human expertise, not replace it. In an exclusive interview with Institutional Real Estate, Inc., Anne Hollander, founder of Dallas-based advisory firm The Strategic Edge, which advises real estate firms on AI integration, data strategy and operational transformation, explained that the most successful AI-driven firms won’t ask, “What can we automate?” but rather, “How can AI help us uncover insights and opportunities we might otherwise miss?” https://lnkd.in/gwMiqy4M

FUNDRAISING NEWS: Realterm has closed its inaugural Realterm Logistics Credit Fund (RLCF) and co-investment vehicle with $350 million in aggregate capital commitments. This marks Realterm’s strategic expansion into direct lending capital solutions for the industrial and logistics sector, including transportation-advantaged industrial outdoor storage properties. https://lnkd.in/g_u_Tp57

PEOPLE NEWS: Slate Asset Management has appointed Neil Kaufman as chief administrative officer (CAO), based in the firm’s New York office. https://lnkd.in/gksWKXPX

RESEARCH: Stagflation is a rare and challenging economic condition where prices rise, the economy weakens, and unemployment increases, according to Bain Capital in its recent report, which draws parallels between today’s environment and the 1970s. https://lnkd.in/gnyy5ZQH

INTERVIEW: U.S. investors are leaning into domestic opportunities at a time when foreign capital is retreating, according to Elizabeth Bell, co-head of real estate at Hamilton Lane, in a recent interview with Institutional Real Estate, Inc.. The pullback from international players is largely driven by policy, tax and macroeconomic uncertainties rather than concerns about U.S. real estate fundamentals. Bell sees this period of volatility reshaping the competitive landscape in favor of investors and managers with strong on-the-ground capabilities and the scale to execute with precision. https://lnkd.in/gYkTzPSR