US-based asset manager Townsend Group has raised $1.5 bn (€1.35 bn) for its global value-add real estate strategy, Townsend Real Estate Alpha (TREA).
US-based asset manager Townsend Group has raised $1.5 bn (€1.35 bn) for its global value-add real estate strategy, Townsend Real Estate Alpha (TREA).
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.