Top Vc Deals: Plaid Is Worth $2.65 Billion; The Riveter Raises Capital
A weekly recap of the most interesting venture capital deals, funds and start-ups. :
SoftBank's Vision Fund and Alibaba Group led a $1.1 billion financing round in Indonesian e-commerce firm Tokopedia. The company operates Indonesia's largest marketplace for physical and digital goods and offers digital financial services. Fintech company Plaid announced a $250 million funding round, led by Kleiner Perkins' partner Mary Meeker, who will also be joining Plaid's board. Andreessen Horowitz and Index Ventures were among the new investors, while early backers Goldman Sachs, NEA and Spark Capital also participated.
Hunt Real Estate Capital Finances The Acquisition Of Two Multifamily Properties Located In Arizona For The Same Sponsor
NEW YORK, Dec. 17, 2018 /PRNewswire/ -- Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today it provided Agency loans of approximately $22.5 million to finance the acquisition of two multifamily properties located in Arizona. ...
Mohr Partners, Inc. Hires Tanya Pratt As Chief Operating Officer
DALLAS, Dec. 17, 2018 /PRNewswire/ -- Mohr Partners, Inc. the world's largest wholly-owned commercial real estate advisory firm exclusively focused on representing businesses, announced Tanya Pratt has rejoined the company as Chief Operating Officer. Tanya will be responsible for driving...
Prea Survey Forecasts Decline In Total Return Growth For Cre | National Real Estate Investor
PREA's latest survey forecasts moderating returns on commercial real estate properties. : The results of the latest consensus forecast survey from the Pension Real Estate Association (PREA) show that respondents expect total unlevered return growth on commercial real estate assets traded at the institutional level to moderate in 2019. Respondents expect that total returns on all commercial property types, as represented by the NCREIF Property Index (NPI), will average 5.7 percent next year vs. 7.1 percent in 2018 and will decline to 4.4 percent in 2020.
Op Funds Expand Deferral Paths For Cre Investors | Bowditch & Dewey
BOSTON -- The Tax Cuts and Jobs Act of 2017 created the Opportunity Zone program which provides real estate investors a new tool to defer gains from sales or exchanges of capital assets by investing those gains in a "Qualified Opportunity Fund." The...By: Bowditch & Dewey.
Minto Apartment Reit Announces December 2018 Cash Distribution
OTTAWA, Dec. 14, 2018 /CNW/ - Minto Apartment Real Estate Investment Trust (the "REIT") (TSX:MI) today announced a cash distribution of $0.03416 per REIT unit for the month of December 2018, representing $0.41 per REIT unit on an annualized basis. Payment will be made on January 15, 2019 to unitholders of record as at December 31, 2018. About Minto Apartment Real Estate Investment TrustMinto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Full story available on Benzinga.com.
Multifamily Outperforms While Pricing Across All Sectors Decrease
After declining in four of the last five months, apartment pricing remained stable at 0.1 percent year-over-year, according to Ten-X's Commercial Real Estate Nowcast for November.
People Moves: Gerdin Rejoins Niam To Manage Nordic Vi | News | Ipe Ra
Giles King joins Mayfair Capital to run UK Thematic Fund and advise Swiss Life. : BMO REP, L&G, Reed MIDEM, Grainger, Berkeley St. Edward, Gerald Eve, Dr. Peters Group, APREA, Cushman & Wakefield, BrickVest, CBRE France, Globalworth, PfP Capital, Upside London, Sigma Capital Group, GVA, Griffin Real Estate Niam - Henrik Gerdin has returned to the Nordic real estate specialist, taking over as fund manager of Niam Nordic VI, which raised EUR800m in 2016. Head of asset management Rikard Henriksson had been acting fund manager. Gerdin was previously a director in the acquisitions team at Niam before joining Kungsleden as head of transactions.
10 Must Reads For Cre Investors On December 14, 2018 | National Real Estate Investor
The Minneapolis City Council voted to eliminate single-family zoning, reports The New York Times. The Wall Street Journal looks at the five retailers that are likely to do well this holiday season. These are among today's must reads from around the commercial real estate industry.
Eight Strategies For Staying Ahead Of A Changing Real Estate Investment Market
Read eight important lessons about how to not just survive, but thrive, in changing real estate markets. : Forbes CommunityVoice(tm) allows professional fee-based membership groups ("communities") to connect directly with the Forbes audience by enabling them to create content - and participate in the conversation - on the Forbes digital publishing platform. Each topic-based CommunityVoice(tm) is produced and managed by the group. CEO of Walnut Street Finance, a private hard money lender in the greater Washington, DC metropolitan area.