BKM Capital Partners’ Post

Smooth execution by the team for a great addition to our Open-End Fund’s portfolio. Check out the details below

The strain of higher interest rates is creating sleepless nights for some commercial real estate owners and operators these days. On the flip side, there is significant capital eagerly lining up to take advantage of market dislocation. Big-name managers such as Blackstone, Brookfield Asset Management, Ares Management Corporation, and Starwood Capital Group are among those that have completed or are actively raising mega-funds targeting opportunistic strategies. Learn more at https://lnkd.in/egZtwYka. #ULICLT

Landmark Real Estate Fund IX has raised $3.3 billion. The fund targets traditional LP interest acquisitions, GP-led fund and portfolio recapitalizations, preferred equity and other structured investments.   Speaking to the opportunity that her team is seeing in the market, Michelle Creed, co-head of Ares Management Corporation Real Estate Secondaries, told SecondaryLink: “There is over $900 billion in NAV currently held in closed end real estate funds, and $226 billion of that NAV is held in funds that are at least eight years old. We believe this will fuel tremendous supply from both GPs and LPs – via continuation vehicles and portfolio sales, respectively. Upcoming debt maturities are also a catalyst for GPs to consider the secondary market for recapitalization needs.” Create a free SecondaryLink account: https://lnkd.in/g5t_Hgqg Subscribe to our newsletter: https://lnkd.in/eguN2zZn #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #Fundraising #Investing #Finance #Fund #RealEstate #RealEstateInvesting #Ares Landmark Partners an Ares company https://lnkd.in/eDRHrmwC

Hines secures over €1bn in equity for European property fund Fund Manager Jorge Duarte, who has spearheaded its growth since joining Hines to launch and run HEPP in 2022, said: “We have taken advantage of the shift in market conditions in Europe and tactically deployed significant capital over the last 12 months. Investors can see how the portfolio has been assembled so far, and that coming into the fund now means not only a short path to deployment but also gaining exposure to what are expected to be the best performing assets classes over the coming years. They also recognize what are likely to be the best investment conditions for a core plus real estate fund since the ‘Great Financial Crisis’ in 2008. Hines #commercialrealestate #realestate https://lnkd.in/dv8k_9fz

These top owners represent approx. 50% of $100M+ multifamily acquisitions over the past few years Blackstone Starwood Capital Group Harbor Group International Morgan Properties Brookfield Asset Management Invesco US Greystar Cortland Waterton A&E Real Estate CIM Group AIR Communities MG Properties Strata Equity Group, Inc. Related Companies MAA Interesting fact: There's 2.5X more concentration on the buy vs. the sell side (i.e., the 15 most active sellers represent ~20% of all disposition activity). As #CRE moves off #email and becomes increasingly data driven / transparent, the list-to-close window should collapse 30-50%, freeing up time for #Owners & #Brokers to do the next deal. #multifamilyinvesting #multifamily #cre #commercialrealestate #realestate #capitalmarkets #proptech #liquidity

🌟 Exciting Acquisition Alert! 🌟 Brennan Investment Group is thrilled to announce the successful acquisition of 31 buildings in two key locations: Deerfield Beach (Fort Lauderdale MSA), Florida, and Denver, Colorado. Please click here to read the press release.https://https://lnkd.in/dDPeti2D Stay tuned for more updates as Brennan Investment Group continues to shape the future of industrial real estate across the United States! 🏗️📊 #RealEstateInvestment #Industrial #StrategicGrowth #GrowingPortfolio

The industry norm for acquisition fees is typically 1-3% of the purchase price, with the fee dropping as the size of the deal increases. Asset management fees are typically around 1% of gross collection, covering overhead costs. Property management fees are separate and usually around 3%, paid to a third party company. Renovation or construction management fees range from 3-6%. Refinance fees are a flat fee, usually around $15,000-$25,000, and there may be a disposition fee of no more than 1%. Learn more at our YouTube Channel SIHCapitalGroup Andrew Cushman from Vantage Point Acquisitions #SIHCapitalgroup

MLL Legal advised the Marxer family, the previous anchor shareholder of Belvédère Asset Management AG (“BAM”) on the buyback of their stake in BAM from the former Fundamenta Group’s founders. The stakes of Luzerner Kantonalbank and other shareholders in BAM remained unchanged. The MLL team was co-led by the partners Andrea Sieber and Marc A. Schamaun and included Fabian Bögli (all corporate M&A). Read the full article >> https://lnkd.in/dptkYRfN #Legalcommunitych #legaladvisor #buyback

Mill Creek’s President of Investment Management, David Linn Reynolds CPA, CFA, recently spoke with GlobeSt.com about the firm’s outlook on multifamily fundamentals in its 30 target markets in the “Smile” of the United States. A mild economic slowdown in 2024 with no net-job losses will modestly constrain overall rental growth in 2024. Deliveries will peak in late 2024/early 2025, with greatly reduced starts in 2024 through 2026. In early 2025, supply will no longer keep pace with absorption, and fundamentals will strengthen. Read more at the link below. https://lnkd.in/gnetQqXw #MillCreekRes #Investments #MultiFamily #SingleFamily #RentalHomes #PropertyManagement #Construction #Development #Acquisitions #InvestmentManagement

✔Starwood Capital's $10bn Property Fund Imposes Strict Exit Limits Starwood Capital's $10 billion property fund, managed by Barry Sternlicht and known as Sreit, has announced significant restrictions on investors' ability to exit their investments. For more Information 📕Read - https://lnkd.in/dBb56Uvy and get insights #StarwoodCapital #PropertyFund #InvestmentNews #RealEstate #MarketVolatility #InvestorProtection #FinancialStrategy