Real Estate

Heitman appoints Napier as client service and marketing SVP

Heitman LLC, a real estate investment management firm, has named Scott Napier as senior vice president, client service and marketing. Previously, Napier was head of intermediary and third party distribution at Pzena Investment Management Inc.

Shopoff Realty Investments provides $750K to American Gateway Regional Centers

Shopoff Realty Investments has provided a $750,000 loan to American Gateway Regional Centers. The loan was used for certain predevelopment expenses associated with the TOVA Hotel + Beach Club in Palm Springs, California.

Citymark and CAF buys Dallas apartment community

Citymark Capital and CAF Capital Partners have acquired Dallas-based Spring Parc, a 304-unit apartment community. No financial terms were disclosed.

Investcorp buys 56 industrial properties for about $300 mln

Investcorp has acquired 56 industrial properties for about $300 million. Included in the transaction are properties in Dallas, Chicago, Houston and Minneapolis.

Ares Management to sell stake in Colorado hotel for about $270 million

Ares Management has agreed to sell its stake in Gaylord Rockies Resort & Convention Center to Ryman Hospitality Properties Inc and RIDA Development Corporation for about $270 million. Gaylord Rockies Resort & Convention Center is a 1,500-room hotel and convention center under construction in Aurora, Colorado.

Greystar and Credicorp Capital raises more than $100 mln for second Chilean rental housing fund

Greystar Real Estate Partners and Credicorp Capital have closed its second Chilean rental housing development fund at more than $100 million. The fund's limited partners include insurance companies, family offices and high-net-worth individuals.

Vista Realty Partners sells Georgia apartment property for $49 mln

Vista Realty Partners has sold Sandy Springs, Georgia-based Northridge Vista Apartments to Hudson Capital Properties for $49 million. The property consists of 220 luxury apartment units.

Virtua Partners to invest in Hotel Equities

Virtua Partners will invest more than $500 million into Hotel Equities' hospitality platform. The capital infusion will be used for growth. Based in Atlanta, Hotel Equities is a hotel management and development company.

Muirfield recruits Singh as adviser

Boston-based Muirfield Investment Partners, a private equity real estate firm, has named Gari Singh as an adviser. Singh is the CTO of IBM Blockchain.

Ardian to buy Berlin office complex

Ardian has agreed to acquire a Berlin-based office complex. No financial terms were disclosed. The property has 12,600 square meters of rental space.