KKR bets big on markets with strong tech employment and population growth, and says it will "more than double" the size of the 5.4-million SF portfolio within three years.
An Australian conglomerate buys the Newport, DE site of Amazon's largest fulfillment center, while VA-based Capital Square pays a record price for a warehouse site in Bondurant, IA.
A surge in apartment conversions, which doubled last year, is likely to intensify as a glut of underused old office buildings in large cities become targets for redevelopment.
McKinsey says an average of $9.2 trillion per year in capital spending will be needed to transition physical assets for energy and land-use systems, including buildings.
The growing ownership of large swaths of single-family rental houses by institutional investors is drawing scrutiny from Congress as big players raise rents and cut services to increase ROI.
Digital asset trading platforms offering fractional investments in real estate assets that have been tokenized on blockchain are lowering the bar for young investors.
The e-commerce giant, which has doubled the size of its logistics network in the past two years, signals it will have a smaller appetite for buying industrial properties and will reduce its reliance on leased warehouse space in 2022.