FORZA

Blackstone × Big Yellow is this another UK listed-to-private in the making? Blackstone has confirmed it’s evaluating a cash offer for Big Yellow Self Storage. Under the UK Takeover Code, Blackstone has until 5pm (London) on 10 November 2025 to announce a firm intention to make an offer or confirm it does not intend to proceed. The move continues the consolidation trend in UK listed real estate, following Blackstone’s warehouse swap with Tritax Big Box REIT. Self-storage remains one of the UK’s most resilient, cash-generative asset classes; a take-private would underline the appeal of long-duration, inflation-linked income. BYG has acknowledged meetings with a small number of parties about strategic options (there is no certainty a formal offer will be made). Another datapoint in the public-to-private migration of high-quality UK real assets that is pairing specialist operators with flexible capital. #PERE #RealEstateInvestment #REIT #PrivateMarkets #RealEstateCapital

Congratulations to GREYKITE and StepStone Group Real Estate on the landmark recapitalisation of Spain’s #2 care-home owner/operator. Reported at €1.5bn this is a standout platform milestone in European healthcare-living. #PERE #RealAssets #Healthcare #SeniorLiving #Spain

ICYMI - observations from the MD from last months newsletter. https://lnkd.in/e7HDJVrN

 JLL #CapitalMarkets’ #DebtAdvisory team has helped secure $260 million in fixed-rate financing from PGIM for a 10-property, 1.1M+ SF grocery-anchored retail portfolio across Florida and South Carolina. With around 93.6% lease-up and a tenant roster anchored by Publix (and supported by CVS, Walgreens, TJ Maxx, etc.), this portfolio sits in highly competitive retail markets with limited supply. Also on the back of announced retail strategies from other firms including Nuveen, a TIAA company this deal underscores the recent lender appetite for necessity retail and resilient retail formats. #RealEstateDebt #Retail #CapitalMarkets #StructuredFinance #PrivateCredit

Goldman Sachs is publicly flagging fresh opportunities across commercial real estate debt, as lenders and investors continue to reposition in the face of elevated rates and selective risk appetite. While some capital remains on the sidelines, others are leaning into structure-led deals particularly in sectors with visibility on income and value creation. #PrivateCredit #RealEstateDebt #CRELending #PERE #CapitalMarkets #StructuredFinance https://lnkd.in/e9duEVaz

TPG Real Estate and Gatehouse Living Group have sold Start Living, a 610-home UK single-family rental portfolio, to Lloyds Living. The homes, EPC “B” or better and spread across West Midlands, Nottinghamshire, Lincolnshire, and Merseyside, will continue to be operated by Ascend the UK’s largest third-party SFR operator. #SFR #BTR #Residential #UKHousing #EnergyEfficiency #PERE https://lnkd.in/eZKyFqre

Congratulations to Swiss Life Asset Managers and Club Estate on the first close of CHF 220m for a new Swiss prime commercial real estate strategy, with an investment pipeline up to CHF 1bn. The partnership targets income-generating, high-quality assets in Zurich, Geneva, Lausanne, and Basel, supply-constrained cities where a structural imbalance supports long-term pricing power, stable yields, and capital appreciation (with Swiss franc exposure). The platform gives eligible investors exclusive access to institutional-grade, often off-market opportunities and is built for long-term value creation alongside a specialist club-deals partner. #RealEstateInvestment #PERE #FundManagement https://lnkd.in/efzcTYHx

Huge congratulations to Redevco on launching its inaugural pan-European Retail Parks Fund, the fund is underpinned by a €500m equity commitment from CBRE Investment Management. A strong endorsement of a sector that has quietly been gaining momentum in the current evolving landscape. As Neil Slater notes, this builds on 25 years of track record as the firm scales and unlocks new opportunities across Europe. #PERE #RealEstateInvestment #RealAssets #CapitalMarkets #CBRE #Redevco

Berkeley Partners has held the final close of their Value Industrial Fund VI at $610.5m, exceeding its $500m target. The closed-end #ValueAdd fund targets infill light industrial real estate across select, supply-constrained U.S. markets; the vehicle is already 30% called with a seed portfolio assembled during the raise. #PERE #REIT #RealAssets #RealEstateInvestment https://lnkd.in/eQkggRj6

Arixa Capital has joined the iCapital Marketplace, making its #RealEstate private #Credit #Funds available to wealth managers, RIAs, and other intermediaries. Another datapoint in the continued wealth-channel distribution of private markets and income-focused real estate credit. This widens retail access to institutional-grade real estate credit, aligns with advisors’ hunt for yield and downside protection in a volatile rate backdrop like we have been experiencing and underscores the ongoing platformization of alternatives. Arixa's expansion onto iCapital gives them a platform to share their real estate credit strategies with a wider community of investors and their private wealth advisors. #PrivateCredit #RealEstateDebt #AlternativeInvestments #PERE #REIT #RealEstateInvestment