Tag Archives: Real estate

TheGuarantors Announce Growth Investment from Warburg Pincus

Warburg Pincus logo

New York, NY – March 18th, 2026 — TheGuarantors, the leader in residential lease guarantee solutions and AI-powered underwriting for the rental housing market, today announced a majority investment from Warburg Pincus, the pioneer of global growth investing. The investment will allow the company to scale, broaden access to housing for millions of renters, and continue building a market‑leading platform with long‑term impact across the U.S. rental ecosystem.

TheGuarantors will continue to operate under its existing leadership team and is excited to partner with Warburg Pincus on its next chapter as it looks to further accelerate platform expansion, advance data and AI capabilities, and deepen partnerships with property owners and managers nationwide.

TheGuarantors has pioneered lease guarantee solutions that enable renters to qualify for homes while protecting property owners against default risk. Today, the platform supports a footprint of over 3.5 million rental units across many of the largest institutional property management companies in the United States and has protected more than $6 billion in lease value. The company’s products are supported by a panel of premier carriers and reinsurers, enabling scalable and resilient insurance capacity. Through its proprietary automated underwriting engine, TheGuarantors leverages advanced machine learning, cash-flow analytics, and alternative data to render real-time risk decisions in under 10 seconds, delivering scalable coverage infrastructure embedded directly into leasing workflows.

The investment comes at a time of growing complexity across the multifamily housing sector. Renters are facing heightened financial pressure driven by affordability constraints, elevated costs of living, and tighter income and credit conditions, making qualification increasingly difficult despite strong demand for rental housing, with over 20% of renter households not qualifying on the first attempt. At the same time, property owners and operators are navigating rising operating expenses, insurance costs, and capital market headwinds that are placing pressure on net operating income. In this environment, solutions that expand renter accessibility while protecting asset performance and cash flow have become increasingly critical infrastructure for the industry.

Julien Bonneville, Founder and Chief Executive Officer of TheGuarantors, said:

“This investment represents a defining moment for TheGuarantors. From day one, our vision has been to build the risk infrastructure layer for residential renting, removing friction from the leasing process while expanding access for millions of renters, empowering them to qualify for the home they want. Warburg Pincus brings deep experience scaling fintech and insurance platforms globally. With their partnership, we will accelerate innovation in AI underwriting, expand our platform capabilities, and continue delivering best-in-class outcomes for both renters and property managers and owners.”

Jeff Stein, Managing Director, Head of U.S. Financial Services at Warburg Pincus, said:

“TheGuarantors has built the category-defining platform in residential lease guarantees. The company’s combination of proprietary data, AI-driven underwriting, and deep integrations with leading property managers creates a powerful value proposition for both tenants and landlords. We see substantial opportunity to scale the platform further as institutional ownership of rental housing grows and demand rises for smarter, technology-enabled risk solutions. We are excited to partner with Julien, Leo, and the entire management team as they accelerate growth and expand the company’s impact across the U.S. rental ecosystem.”

The transaction is expected to close by the end of the second quarter of 2026, subject to regulatory approvals and other customary closing conditions.

Evercore acted as financial advisor to TheGuarantors. Cooley LLP acted as legal advisor to TheGuarantors. Howden Capital Markets & Advisory LLC served as financial advisor to Warburg Pincus. Wachtell, Lipton, Rosen & Katz served as legal advisor to Warburg Pincus. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as financing counsel to Warburg Pincus. Greenberg Traurig, LLP served as insurance counsel to Warburg Pincus.

About TheGuarantors
TheGuarantors is the leading residential lease guarantee platform, helping renters qualify for homes while protecting property owners against financial risk. Through proprietary AI underwriting, insurance-backed coverage solutions, and deep integrations with property management systems, TheGuarantors enables faster leasing, higher approval rates, and reduced bad debt exposure. The platform supports approximately 3.5 million units across the nation’s largest institutional property managers and has protected more than $6 billion in lease value nationwide.

About Warburg Pincus
Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Over the past five decades, Warburg Pincus has been a leader in investing in financial services companies, deploying nearly $27 billion in over 160 companies across market cycles and remains highly active in today’s dynamic environment. The firm is an active investor in insurance and fintech, with past and current investments including Arch Capital, Avalara, Avaloq, Clearwater, Fetch Pet Insurance, Foundation Risk Partners, IntraFi, K2 Insurance Services, Keystone Agency Partners, McGill & Partners, ParetoHealth, and RenaissanceRe, amongst others.

Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Sarah Bloom, Director, Communications, Warburg Pincus

Sarah.bloom@warburgpincus.com

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CapMan Real Estate acquires two major residential development projects in Stockholm

Capman

CapMan Real Estate has signed an agreement with leading residential developer Reliwe to forward fund two multifamily development projects in Barkarby and Flemingsberg, Stockholm.

The two projects comprise a total of 478 apartments, 10 commercial units and 154 parking spaces. The sites have been selected for their strong micro-locations and excellent access to public transport infrastructure, providing residents with convenient commuting options and excellent local amenities. Both properties are located within 25 minutes from the Stockholm city center by public transport.

The projects target high sustainability standards including EU Taxonomy alignment. Sustainability features will include solar panels, charging stations for electric vehicles, and access to shared car and bicycle pools.

Closing of the transaction is expected in March 2026, with construction scheduled to commence shortly thereafter. Construction of the Barkarby project will be carried out by Consto, with final completion expected in Q4 2028. The Flemingsberg project will be constructed by Hanssons Hus Entreprenad, with final completion anticipated in Q2 2028.

CapMan Real Estate has significantly expanded its Swedish residential footprint in recent years, building a portfolio of approximately 2,000 multifamily apartments in the Stockholm region, comprising both completed properties and ongoing developments. Residential remains a core strategic focus for CapMan Real Estate.

CapMan Real Estate manages approximately €5.5 billion in real estate assets, with a team of over 90 professionals based in Helsinki, Stockholm, Copenhagen, Oslo and London.

For further information, please contact:

Magnus Berglund, Partner and Head of Sweden and Norway, +46 70 786 68 08

Pontus Danielsson, Investment Manager, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Alexander & Baldwin is Taken Private in $2.3 Billion Transaction

Blackstone

HONOLULU – Alexander & Baldwin (“A&B” or the “Company”), a Hawaiʻi-based owner, operator and developer of high-quality commercial real estate in Hawaiʻi, today announced that a joint venture formed by an affiliate of MW Group and funds affiliated with Blackstone Real Estate and DivcoWest (collectively, the “Investor Group”) has completed its previously announced acquisition of all outstanding A&B common shares in an all-cash transaction with an enterprise value of approximately $2.3 billion, including outstanding debt. The closing of the transaction follows approval by A&B shareholders at the Company’s Special Meeting of Shareholders on March 9, 2026.

Pursuant to the terms of the merger agreement, holders of A&B common shares who held their shares through the effective time of the merger are entitled to receive an amount in cash equal to $21.20 per share, without interest and less any applicable withholding taxes and less A&B’s fourth quarter 2025 dividend of $0.35 per share, which was paid on January 8, 2026, to shareholders of record as of the close of business on December 19, 2025 (resulting in a net payment at closing of $20.85 less any applicable withholding taxes). As a result of this transaction, A&B’s common stock has ceased trading on the New York Stock Exchange and it is now a private company.

BofA Securities served as A&B’s exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP and Cades Schutte LLP served as legal advisors.

Simpson Thacher & Bartlett LLP and Carlsmith Ball LLP served as Blackstone’s legal counsel.

Gibson, Dunn & Crutcher LLP and McDermott Will & Schulte LLP served as legal counsel to DivcoWest and MW Group in connection with the transaction. Schneider Tanaka Radovich Andrew & Tanaka LLLC served as additional legal counsel to MW Group.

The transaction was announced on December 8, 2025.

About Alexander & Baldwin

Alexander & Baldwin (A&B) is a commercial real estate operator focused on grocery-anchored retail and select commercial assets across Hawai‘i. A&B is the state’s largest owner of neighborhood shopping centers. The company owns and manages approximately 4.0 million square feet of commercial space in Hawai‘i, including 21 retail centers, 14 industrial assets, four office properties, and 146 acres of ground lease holdings. Over its 156-year history, A&B has evolved with the state’s economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. A&B is privately held through a joint venture formed by MW Group, Blackstone Real Estate and DivcoWest.

Learn more about A&B at www.alexanderbaldwin.com.

About MW Group, Ltd.
MW Group, Ltd. is a privately-held, commercial real estate development company based in Honolulu, Hawai‘i. For more than three decades, the company has led the acquisition, development and management of a diverse portfolio of commercial properties valued at over $1 billion, including retail, industrial, office, self-storage facilities and senior assisted living communities. The company is committed to long-term stewardship, community-building, and creating enduring value through strategic partnerships and operational excellence. Learn more at www.mwgroup.com.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $319 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

About DivcoWest
Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Beverly Hills, Menlo Park, Washington DC, Austin, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 61 million square feet of commercial space – primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. Follow @DivcoWest on LinkedIn.

Contacts:

A&B
Investor Contact:
Clayton Chun
(808) 525-8475
investorrelations@abhi.com

Media Contact:
Tran Chinery
tchinery@abhi.com

MW Group
Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

Blackstone

Jeffrey Kauth
jeffrey.Kauth@Blackstone.com

Dylan Beesley
Bennet Group Strategic Communications
dylan@bennetgroup.com

DivcoWest
Andrew Neilly
A2N2 Public Relations
925.915.0759
andrew@A2N2PR.com

Nancy Amaral
A2N2 Public Relations
925.915.0673
nancy@A2N2PR.com

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Hale Secures ~A$750 Million for Second Vintage Logistics Series Backed by Global Institutional Investors

Warburg Pincus logo
  • Second vintage anchored by Warburg Pincus and Oxford Properties, with a leading institutional investor joining as a new partner
  • Capital to be deployed across opportunistic development and core-plus/value-add strategies, targeting supply-constrained infill logistics markets across Australia

Sydney, Australia, March 10, 2026 — Hale, a vertically integrated Australian logistics manager and developer with A$3.3 billion in AUM[1], today announced the closing of approximately A$750 million in new equity commitments, marking the successful capital raise of the firm’s two flagship investment vehicles, HCLF2 and HCILF2.

The commitments were secured from a consortium of three global institutional investors, including Warburg Pincus and Oxford Properties, both of which have re-committed to this fundraising series after serving as cornerstone investors for Hale’s inaugural vintages. Hale is also pleased to welcome one of the world’s leading institutional investors, with an established global track record in logistics investing, as a new partner for this series.

The new capital will be deployed across Hale’s two primary strategies:

  • An opportunistic fund focused on development of modern and last-mile logistics facilities in supply-constrained urban markets;
  • A value-add/core plus vehicle targeting high-quality income-producing assets and repositioning strategies.

This dual-track raise positions Hale to immediately capitalise on current market dislocations and structural shifts in the Australian logistics market, including urbanization, population growth, infrastructure investment, and continued e-commerce penetration. Infill industrial vacancy across key east coast markets remains near historic lows, while limited land supply in inner-ring locations continues to support rental growth and redevelopment opportunities.

With partners including Warburg Pincus, Oxford Properties, and a major global investor, Hale combines global insights with local expertise to source, execute, and manage complex, large-scale transactions.

Robert McMickan, Joint Managing Director and Co-founder, Hale:

“Securing these commitments from high-calibre institutional partners marks a transformative milestone for Hale, reflecting deep institutional conviction in our strategy and platform. We are particularly grateful for the continued support from Warburg Pincus and Oxford Properties. Having cornerstoned our first vintage, their decision to re-commit to this second series is a strong endorsement of our execution capabilities and track record. Welcoming a pre-eminent global investor as a new partner further underscores our ability to deliver outperformance across the risk spectrum. This capital will allow us to scale with discipline during a pivotal moment in the real estate cycle.”

Andrew Fitzpatrick, Managing Director, Warburg Pincus, said:

“Hale has quickly established itself as a leading infill logistics platform in Australia. Since our partnership began in 2021, the team has demonstrated strong execution, disciplined underwriting, and differentiated origination in supply-constrained urban markets. Our re-commitment reflects our conviction in the long-term growth opportunities in the supply constrained segments of the Australian logistics market and our confidence in Hale’s vertically integrated platform and its ability to consistently deliver across single- and multi-level logistics, cold storage, and industrial outdoor storage. We look forward to continuing to scale the platform alongside Rob, Nick and their exceptional team.”

Alec Harper, Head of Australia, Oxford Properties, commented:

“Oxford’s re-commitment is testament to our deep conviction in the Australian infill logistics sector, and Hale’s world-class management team and platform. Since our cornerstone investment in Hale’s inaugural vintages, the team has successfully executed against strategy, building out one of Australia’s premier last-mile logistics portfolios, and an impressive track-record across the full asset lifecycle. Today’s announcement signifies continued momentum for our like-minded partnership, as Oxford continues to enhance our leading global logistics portfolio.”

About Hale

Founded by Robert McMickan and Nicholas Bradley in 2021, Hale has rapidly grown into one of Australia’s leading logistics-focused fund managers and developers, managing A$3.3 billion[1] in assets on behalf of 7 institutional clients. The platform spans single- and multi-level logistics, cold storage, and industrial outdoor storage.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

About Oxford Properties Group

Oxford Properties Group (“Oxford”) is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$86 billion of assets across four continents on behalf of their investment partners. Oxford’s owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world’s most active developers with 30 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario’s municipal employees. For more information on Oxford, visit www.oxfordproperties.com.

[1] Assets Under Management (AUM) represents the total Gross Asset Value (GAV) of all real estate assets managed by Hale. AUM is calculated on a stabilised basis, reflecting the estimated market value of properties assuming normalised occupancy and market-standard operating expenses.

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Ardian signs an agreement to acquire a majority stake in Casaforte, Italy’s leading self-storage operator, a further step in the creation of a pan-European platform in the sector

Ardian

With this acquisition Ardian’s total investment in the self-storage sector in Italy and France exceeds €300 million, with the aim of achieving diversified geographic exposure and scalable growth
• Another €200 million of investments are planned to support expansion across Europe, with a primary focus on Spain and Germany
• Italy represents one of the fastest-growing markets, offering attractive consolidation opportunities

Ardian, a global private investment firm, announces that it has signed an agreement to acquire a majority stake in Casaforte S.p.A., a market leader in the Italian self-storage sector.

The transaction represents a significant step in Ardian’s strategy to build a scaled, pan-European self-storage platform by consolidating a highly fragmented sector driven by favorable long-term structural trends. Since launching the strategy in 2023, Ardian has already invested €300 million in self-storage. In addition to Casaforte, it has acquired two platforms in France (Costockage and Atout-Box), focused on urban areas characterized by strong demographic growth and increasing demand for new space. The objective is to invest at least a further €200 million in the coming years, with a primary focus on Spain and Germany.

In Italy, Ardian has invested in the sector’s leading player, widely regarded as the pioneer of temporary storage solutions. Casaforte offers significant growth potential in a market that has the lowest self-storage space per capita in Europe and the lowest level of sector awareness, with only 12% of the population familiar with the concept.

Casaforte operates 24 facilities nationwide, representing approximately 80,000 square meters of total space. The portfolio is predominantly concentrated in Northern Italy, with a strong presence in key metropolitan areas such as Milan, Turin, Genoa, Bologna, as well as a presence in Rome.

The company’s success is built on an experienced management team, led by its visionary founder and Chairman, Cesare Carcano, who will continue to play a key role in Casaforte’s development.

“This transaction confirms Ardian’s commitment to strengthening the European dimension of its self-storage strategy. We are particularly focused on Southern Europe, where Italy and Spain continue to show significantly lower penetration rates compared to more mature markets, despite benefiting from the same structural trends – urbanization, mobility and shrinking living spaces. It is precisely this gap between potential demand and existing supply that represents one of the most compelling value creation opportunities in the sector today. We are currently exploring a number of high-potential opportunities in Spain, where discussions are already well progressed, while also considering potential opportunities in Germany that will enable us to further advance our continental growth strategy”. Rodolfo Petrosino, Head of Real Estate Southern Europe & Senior Managing Director, Ardian

“We are proud of this transaction, which is strategically significant for us and accelerates the execution of our European growth plan. We are confident that the experience of the management team, combined with our strategic and financial support and international network, will further strengthen Casaforte’s leadership in the Italian market. We see strong potential for organic growth and selective acquisitions, while preserving the entrepreneurial culture and deep local market expertise that have underpinned the operator’s success to date”. Matteo Minardi, Head of Real Estate Italy & Managing Director, Ardian

“Ardian’s investment marks a key strategic milestone in Casaforte’s growth journey. Over the years, we have built a strong platform with a clear leadership position in the Italian market and a distinctive operating model based on service quality, innovation and deep local market expertise. Partnering with Ardian will enable us to further accelerate the company’s development, strengthen our presence in major urban centers and seize new expansion opportunities, including through targeted acquisitions”.  Cesare Carcano, Founder and Chairman, Casaforte

List of participants

  • Ardian

    • M&A and Debt Advisory: Mediobanca
    • Legal & Tax: Chiomenti
    • Financial DD: Deloitte
    • Technical: Ryze

  • Casaforte

    • M&A: Ethica Group
    • Legal: Advant NCTM

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

ABOUT CASAFORTE

Casaforte is recognized for its ability to anticipate and address the evolving space needs of both individuals and companies, offering flexible, secure and easily accessible solutions. Through an integrated operating model and disciplined asset management, Casaforte develops and manages modern, functional self-storage facilities designed to meet both temporary and long-term needs.
A strong focus on service quality, operational efficiency and customer experience lies at the heart of Casaforte’s strategy, with the aim of creating sustainable long-term value and contributing to the development of the sector at both local and national levels.

Casaforte.it

Media contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com

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KKR and Puma Property Finance Form Strategic Joint Venture of up to £500m to Expand UK Living Sector Lending

KKR

Joint venture will target loans of £20m to £75m to fund best-in-class projects in the residential, BTR and PBSA sectors

9 March 2026, LONDON –KKR, a leading global investment firm, and Puma Property Finance (“Puma”), a specialist UK real estate lender, today announced the formation of a joint venture between Puma and private credit funds, clients and accounts managed or advised by KKR to provide up to £500 million in senior development and stabilisation loans to fund best-in-class residential, Build-To-Rent and student accommodation schemes, providing scaled access to capital in undersupplied UK housing markets.

The joint venture combines Puma’s established origination platform and track record in UK real estate lending, with KKR’s scale, institutional structuring capabilities and global credit expertise. The platform will be supported by a senior credit facility provided by a major international bank.

The three-year forward-flow partnership will target loans of £20 million to £75 million in the UK living sector, including build-to-rent, build-to-sell and purpose-built student accommodation. The platform is designed to support experienced developers delivering high-quality projects in supply-constrained markets.

Since inception in 2012, Puma Property Finance has provided approximately £2 billion of UK real estate-backed loans and has developed longstanding relationships with sponsors across the residential and student accommodation sectors.

The newly formed strategic partnership will enable Puma to expand its capacity in the £20 million-plus loan segment, where demand for institutional capital continues to outpace supply. It also illustrates the enduring appeal of the UK living sectors, which attracted investment of £12bn throughout 20251. Demand for funding is reflective of the continued shift towards non-bank lenders in UK development finance, which together accounted for 57% of all commercial development lending last year2.

“We are pleased to work with Puma Property Finance to scale access to institutional capital in the UK residential development market,” said Anirban Ghosh, Managing Director at KKR. “We believe this platform is well positioned to support experienced developers delivering much-needed housing across the country, combining Puma’s local expertise and origination capabilities with KKR’s global credit platform and disciplined underwriting approach.”

Puma’s specialist development lending team will be responsible for sourcing, underwriting and managing the loans on behalf of the joint venture, working alongside KKR’s global credit platform, which will provide institutional capital, structuring expertise and investment committee oversight. The strategic partnership with KKR caps a stellar last 12 months for Puma, which saw it exceed £2 billion of loans provided to date, as well as announcing the first close of Puma Real Estate Secured Credit Fund.

Paul Frost, Managing Director of Puma Property Finance, commented:

“We are delighted to be working with KKR. KKR’s global standing is second to none, and their backing is a clear endorsement of the strength of the business we have built at Puma, as well as the robust demand for UK real estate credit among global allocators of capital.

“This new joint venture provides our origination teams with access to attractively priced, scalable capital to support best-in-class developers across the UK living sectors. It complements our existing capital lines well and means we can support more high ‑ quality developments with the service levels, flexibility and human touch that people have come to expect from Puma.”

Puma was advised by Ashcombe Advisers and Greenburg Traurig.

-END-

Notes to Editors:

Sources:

1 CBRE UK Living Investment Figures Q4 2025

2 LESSEL (English)

Media contact

Mark Dixon, Puma Property Finance

mark.dixon@pumacapitalgroup.co.uk | +44 (0)797 746 8870

Emma Black, KKR

kkrpr-uk@kkr.com

About Puma Property Finance

Puma Property Finance provides reliable and flexible funding solutions to experienced property professionals across the UK, delivering loans of £10 million to £100 million (with potential to lend more by exception). Puma has a strong track record in the living sectors as well as operational real estate including care homes, student accommodation and hotels.

Find out more: www.pumapropertyfinance.co.uk

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Disclaimer

Any reference to lending is to the loans made by the clients of Puma Property Finance Limited that conduct unregulated lending, including Heritage Square Limited, Oasis Lending LLP and PRESC LendCo I S.à.r.l. Puma Property Finance Limited supports these clients in the origination, execution, and monitoring of such loans.

Puma Property Finance Limited is a private limited company registered in England and Wales under Company number 11685426. Registered office address: Cassini House, 57 St James’s Street, London SW1A 1LD. Puma Property Finance Limited is not authorised or regulated by the Financial Conduct Authority, (“FCA”). Puma Property Finance Limited activities do not constitute regulated investment business. As such, clients of Puma Property Finance Limited will not be afforded the protections available under the rules of the FCA and will not be eligible for compensation under the rules of the Financial Services Compensation Scheme (“FSCS”).

 

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EQT Real Estate acquires portfolio of 25 logistics properties across major U.S. distribution corridors from Mapletree

eqt

East Coast Image

  • Portfolio includes 25 infill industrial assets totaling more than 4.3 million square feet 
  • Assets span high-growth logistics hubs along I-95, I-81, I-10 and other key transport infrastructure 
  • Investment reflects EQT Real Estate’s conviction in mission-critical logistics assets and confidence in the industrial sector’s long-term demand fundamentals 

EQT Real Estate is pleased to announce that the EQT Real Estate Industrial Value Fund VI (”EQT Real Estate”) has acquired a 25-property logistics portfolio spanning 4.3 million square feet across key U.S. industrial markets including Jacksonville, Nashville, Richmond, Atlanta, New York City, New Jersey, Pennsylvania, and South Florida, from Mapletree Investments. The assets are located in dense, infill submarkets along major transport corridors such as I-95, I-81 and I-10. 

The properties feature an average clear height of 28 feet and low office finish, making them ideally suited for logistics operations. The portfolio offers a blend of single-tenant and multi-tenant layouts and includes both shallow bay and bulk warehouse formats. Most properties are within minutes of major population centers and highway interchanges, enhancing delivery efficiency. 

The acquisition underscores EQT Real Estate’s continued conviction in U.S. industrial real estate and its strategy of investing behind assets in supply-constrained locations with significant embedded upside. EQT Real Estate plans to deploy its hands-on approach to active management through targeted leasing initiatives, site improvements, and selective redevelopment as it seeks to drive long-term value across the portfolio. 

Matthew Brodnik, Chief Investment Officer at EQT Real Estate, said: “This investment reflects our high-conviction, thematic approach to investing in infill logistics across the U.S., where we see strong long-term demand for well-located industrial assets. We believe the portfolio serves as a compelling addition to our U.S. logistics platform and look forward to building on the portfolio’s strong fundamentals through our active ownership approach.” 

EQT Real Estate would like to thank John Hugenard of JLL, who advised the seller in the transaction. 

Contact
EQT Press Office, press@eqtpartners.com 

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About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $58 billion in GAV, owns and operates over 2,000 properties and 400 million square feet, with over 400 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn 

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CapMan Residential Fund acquires 409-unit rental residential property in Stockholm

Capman

CapMan Real Estate, through CapMan Residential Fund (“CMRF”, the “Fund”), has signed an agreement with Slättö to acquire a high-quality, 409-unit multifamily property located in Barkarby, Stockholm.

Completed in 2025, the property comprises 409 residential units across 17,668 m², complemented by commercial premises of 679 m² and an underground parking garage. The property is strategically located directly adjacent to the existing commuter rail station and the new Barkarby metro station, an extension of the Stockholm Metro Blue Line, scheduled to open in late 2027. This places the property at the center of Northern Stockholm’s main transport hub, offering excellent connectivity across the Stockholm region. Once opened, the metro extension will fully integrate Barkarby into the Stockholm subway network, further enhancing accessibility and long-term attractiveness.

The property meets high sustainability standards and holds Nordic Swan Ecolabel certification and is EU Taxonomy aligned.

“This acquisition is a key step in the continued growth of our Stockholm portfolio. We’re adding a substantial, high-quality asset in one of the region’s fastest-growing urban hubs. It also means securing a stabilised prime asset in a supply-constrained market where resilient demand supports a really strong long-term rental outlook,” says Pontus Danielsson, Investment Manager at CapMan Real Estate.

“We remain focused on high-conviction opportunities across both our value-add and core residential strategies. We’re seeing strong momentum in our deal flow and continue to deploy capital into the Nordic region’s strongest urban markets. With a solid pipeline in place, we believe the current market environment offers an attractive opportunity to further scale our presence in Sweden,” adds Marcus Lotzman, Head of Transactions, Sweden at CapMan Real Estate.

Closing of the acquisition is expected in March 2026. This marks the Residential Fund’s third investment in Sweden. Since its inception in 2021, the €1.3 billion Fund has acquired 64 properties across the Nordics with over 90% of the assets in the capital cities.

CapMan Real Estate manages approximately €5.5 billion in real estate assets, with a team of over 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo and London.

For further information, please contact:

Marcus Lotzman, Head of Transactions Sweden, +46 70 680 60 81

Pontus Danielsson, Investment Manager, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Stonepeak Announces Investment in Aura Holdings

Stonepeak

SYDNEY & BRISBANE – March 1, 2026 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an investment in Aura Holdings (“Aura”), a leading retirement village developer and operator in Queensland, Australia. Stonepeak’s investment, together with a committed development facility with senior domestic lenders, constitutes up to A$1 billion of available capital to support Aura’s extensive development pipeline and propel its next phase of growth.

Founded in 2016 by seasoned retirement sector executives Tim Russell and Mark Taylor and led by Sean Graham as CEO, Aura specializes in developing state-of-the-art retirement apartments and community facilities in highly sought-after, infill locations. To date, Aura has completed six retirement villages with nearly 800 units across southeast Queensland, with six in the near-term pipeline and more than 10 in early development. Stonepeak’s investment in Aura marks its second platform investment in Australia and New Zealand’s retirement village sector, following its acquisition of Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in November 2024.

“We are pleased to partner with the Aura team and utilize our flexible, long-term capital to expand Aura’s development platform by executing on their significant pipeline of new retirement village projects,” said Darren Keogh, Senior Managing Director at Stonepeak. “Aura is well-positioned to serve Australia’s retirees given its premium portfolio spanning desirable retirement destinations, proven development track record, and experienced leadership team, who bring a deep understanding of what matters most to seniors.”

“We are delighted to welcome Stonepeak as our capital partner in this exciting new chapter for Aura. Stonepeak see the value in a first-class and growing operating platform,” said Aura Co-Founder Tim Russell. “Stonepeak’s investment gives Aura the runway to accelerate its strategy of adding much-needed, age-appropriate housing in areas grossly lacking suitable downsizing options for locals.”

“Stonepeak’s long-term approach to partnering and working with its portfolio companies, deep experience and relationships in the retirement sector, and clear plan for value creation give us tremendous confidence in Aura’s future. Together, we are poised to continue setting the standard in retirement living in Australia,” added Sean Graham, Chief Executive Officer of Aura Holdings.

Additional terms of the transaction were not disclosed, and the transaction has already closed.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately A$120 billion (US$84 billion) of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Aura Holdings
Aura Holdings was founded in 2016 by Tim Russell and Mark Taylor.  Focused on developing medium to high end retirement living communities on premium sites throughout South-East Queensland and Northern New South Wales, Aura is a vertically integrated retirement living platform comprising of 40 personnel with headquarters located in Brisbane, Australia.   Aura’s villages are predominantly found in metropolitan locations and/or on sporting club land.  With a pipeline growth of 2,000+apartments over the next five years, Aura has six fully operational villages and an additional development which broke ground September 2025.

Media Contacts

Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Jack Gordon
jack.gordon@sodali.com
+61 478 060 362

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Apollo Provides $1 Billion Hybrid Capital Solution to Aldar

Apollo logo

Transaction marks Apollo’s fifth investment in Aldar and the region’s largest corporate hybrid private placement 

Builds on Apollo’s long-term strategic partnership with Aldar, with total transactions totalling approximately $2.9 billion to date

Investment to support Aldar’s transformational growth plans and capital structure optimization

NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC (“Aldar”), a leading UAE based real estate developer and investment manager. The investment builds on Apollo’s long-term strategic partnership with Aldar and represents Apollo’s fifth investment in Aldar since 2022, bringing aggregate commitments to $2.9 billion to date.

Proceeds from the investment are intended to support Aldar’s balance sheet flexibility and strength, as well as its growth agenda, which includes landbank replenishment, expansion of its develop-to-hold portfolio, and strategic acquisitions.

Apollo Partner Jamshid Ehsani said, “Completing our fifth investment with Aldar speaks directly to Apollo’s ability to structure flexible capital solutions that are responsive to the needs of both our corporate clients and our investors. Since our first transaction in 2022, Aldar has gone from strength to strength, with robust performance and portfolio expansion overseen by an experienced management team. This latest investment reflects Apollo’s continued commitment to Abu Dhabi and the broader region.”

Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said: “This transaction highlights the strength of our long-standing partnership with Apollo and the continued confidence of major institutional investors in Aldar’s strategy, financial management and growth trajectory. The issuance provides Aldar with long-term, flexible capital that enhances balance sheet resilience and supports our ability to capitalise on attractive opportunities across our core markets. Importantly, it elevates Aldar’s share of stable, recurring income generated by AIP’s high quality, diversified portfolio, which will continue to expand through acquisitions and our substantial develop-to-hold pipeline that is now valued at close to $5 billion.”

The transaction is among the largest-ever foreign direct investments in Abu Dhabi’s private sector and the largest corporate hybrid private placements in the region.

It also marks the latest transaction for Apollo’s High Grade Capital Solutions business, which serves as a capital partner to many leading global companies. Apollo believes its ability to provide customized, long-dated investments is reinforced by the number of its repeat clients, having provided multiple large-scale solutions for Aldar, BP, Sony, Vonovia, Air France and the Adani-backed Mumbai Airport.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

About Aldar

Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe.

The company has two core business segments, Aldar Development and Aldar Investment.

Aldar Development is a master developer of a 60 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah’s most desirable destinations. The delivery of Aldar’s developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE’s capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC.

Aldar Investment houses a core asset management business comprising a portfolio of more than AED 49 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates.

For more information on Aldar please visit www.aldar.com or follow us on:

https://www.instagram.com/aldar/?hl=en

https://www.linkedin.com/company/110553/admin/feed/posts/

https://x.com/aldartweets?lang=en

Aldar Contacts

Obaid Al Yammahi
Aldar Properties
+971 2 810 5555		 Sarah Abdelbary
Brunswick
+971 2 234 4600
aldar@brunswickgroup.com

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