WMRE Daily
 
WMRE Daily

FEBRUARY 1, 2023

Top Story

PGIM Shifts to Open-Ended Fund Model for Seniors Housing Investments

As investors interested in the seniors housing sector have gotten more sophisticated, PGIM saw a need to shift from closed-end funds.

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In Case You Missed It ...

Sentiment on Office Fundamentals Turns Sour

Exclusive WMRE research shows that owners of office buildings do not see positive prospects for occupancy or rental growth.

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WMRE Wire

Falling Property Values Create $55 Billion Funding Shortfall in Europe

There’s a gap of $55 billion between the amount owed by commercial property owners across Germany, France and the UK and the credit likely to be available for refinancing when the borrowings mature, according to research by AEW Europe SA.

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Norway Wealth Fund Boosts Its Biggest Real Estate Company Stakes

Among other investments, the fund boosted stakes in three U.S. based real estate groups, including Alexandria Real Estate Equities, Inc., which acquires, manages, expands and develops office and laboratory properties, as well as Equity Residential and Invitation Homes Inc.

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Eight Must Reads for CRE Investors Today (Feb. 1, 2023)

About $30 billion worth of CMBS loans tied to commercial properties in Los Angeles and Orange County, Calif. are coming due this year, reports The Real Deal. Commercial Observer looks at how the proptech sector partners with universities to solve industry challenges. These are among today’s must reads from around the commercial real estate industry.

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