Gross asset value

Walker & Dunlop Funds $380M for Student Housing Credit Facility

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Public Relations, Investor Relations, Other Professional Services, Urban Planning, Communications, Building Systems, REIT, Finance, Consulting, Partnership, Multimedia, University, GAV, CPPIB, Scion, Gross asset value, Housing, Capital, SSC, Walker & Dunlop, Investment, Fannie Mae, DUS, Bed, CPP Investment Board, Bank

The Scion Group is the largest owner/operator of off-campus student housing communities globally, with over 80,000 beds in its portfolio.

Key Points: 
  • The Scion Group is the largest owner/operator of off-campus student housing communities globally, with over 80,000 beds in its portfolio.
  • This latest financing marks a significant milestone as Walker & Dunlop has now originated over $3 billion in debt for Scion.
  • The new facility allowed the borrower to eliminate all floating rate exposure in their original credit facility while refinancing several maturing one-off loans.
  • Walker & Dunlop is a leader in student housing financing and sales.

Acquisition of controlling interest of Gateway Real Estate African Limited ('GREA') and African Property Development Managers Limited ('APDM')

Retrieved on: 
Wednesday, July 26, 2023
Public Investment Corporation, Gross asset value, Prospectus, Acquisition, Cwmystwyth Grits Group, Grit, Growth, Prudential, PIC, Gateway, Bank, Real estate, Risk management, Cryptocurrency, Sewage treatment, APDM, ADPM

Grit now owns a direct interest of 51.48% in GREA and a 78.95% shareholding in APDM.

Key Points: 
  • Grit now owns a direct interest of 51.48% in GREA and a 78.95% shareholding in APDM.
  • GREA successfully completed several developments during the three-phase acquisition timeframe which has materially derisked the transaction for Grit shareholders.
  • Bronwyn Knight, CEO of Grit Real Estate Income Group Limited, commented:
    “Concluding the acquisition of controlling interests in GREA and APDM are significant milestones towards our Grit 2.0 vision of setting global benchmarks in Africa.
  • Acquisition of the additional 16.47% interest in GREA:
    The Gross Assets the subject of the transaction are USD174.1 million.

Cross Ocean Partners launches its first CLO post acquisition of the Bosphorus European CLO platform from Commerzbank

Retrieved on: 
Tuesday, November 1, 2022
Trident, CEO, Acquisition, Milbank, Deutsche Bank, Risk, Clos, Gross asset value, CLO, Commerzbank, AUM, Bank, European, Bosporus

LONDON, Nov. 1, 2022 /PRNewswire/ --On 26 October 2022, Cross Ocean Partners ("Cross Ocean"), a leading global credit investment manager with $6.2 billion of AUM,[i] completed Bosphorus CLO VII ("CLO VII"), the seventh CLO from the Bosphorus team and the first under Cross Ocean's management.

Key Points: 
  • LONDON, Nov. 1, 2022 /PRNewswire/ --On 26 October 2022, Cross Ocean Partners ("Cross Ocean"), a leading global credit investment manager with $6.2 billion of AUM,[i] completed Bosphorus CLO VII ("CLO VII"), the seventh CLO from the Bosphorus team and the first under Cross Ocean's management.
  • Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.
  • The transaction established Cross Ocean's footprint in the European CLO market, further deepening Cross Ocean's presence in the European credit space.
  • Graham Goldsmith and Steve Zander, co-CIOs of Cross Ocean, commented: "We are very happy to have welcomed Guy and his team to Cross Ocean.

Cross Ocean Partners launches its first CLO post acquisition of the Bosphorus European CLO platform from Commerzbank

Retrieved on: 
Tuesday, November 1, 2022
Trident, CEO, Acquisition, Milbank, Deutsche Bank, Risk, Clos, Gross asset value, CLO, Commerzbank, Multimedia, AUM, Bank, European, Bosporus

Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.

Key Points: 
  • Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.
  • The transaction established Cross Ocean's footprint in the European CLO market, further deepening Cross Ocean's presence in the European credit space.
  • Since the team, led by London-based Guy Beeston, joined Cross Ocean, it has hired two new members and been fully integrated into the wider Cross Ocean business.
  • Graham Goldsmith and Steve Zander, co-CIOs of Cross Ocean, commented: "We are very happy to have welcomed Guy and his team to Cross Ocean.

DGAP-News: Adler Group S.A.: reports robust operational performance and adequate cash position in H1 2022

Retrieved on: 
Monday, August 29, 2022
Yoy, CEO, Waypoint, EBITDA, LTV, Sale, BCP, Board, AGM, DAX, GAV, FFO, CFO, Income, Annual general meeting, LEG, Board of directors, Company, EPRA, Group, Canada Lands Company, Environment, Annual, Gross asset value, Review, Family, Â, Bank, Management, Renewable energy, Real estate, Lithium, Director

With Thomass expertise, especially in the real estate business, he is exactly the right person at the right time for Adler Group.

Key Points: 
  • With Thomass expertise, especially in the real estate business, he is exactly the right person at the right time for Adler Group.
  • Thomas Echelmeyer commented, "It is as Stefan Kirsten already said earlier this year: Adler Group is struggling, but vital.
  • Adler Group reports a robust operational performance of its yielding portfolio and an improved liquidity position in the first half of the financial year 2022.
  • By reshaping our portfolio, we maintain a robust operational performance and further grow the quality and substance of our yielding property assets, commented Thierry Beaudemoulin, CEO of Adler Group.

DGAP-News: Adler Group S.A.: announces the sale of two Frankfurt-based development projects

Retrieved on: 
Thursday, August 11, 2022
Sale, Gross asset value, DGAP, News, GAV, Security (finance)

Luxembourg, 11 August 2022 Adler Group S.A. (Adler Group) today announced the completed sale of the development projects Ostend Quartier and Westend Ensemble Upper West Lea B, both located in Frankfurt am Main.

Key Points: 
  • Luxembourg, 11 August 2022 Adler Group S.A. (Adler Group) today announced the completed sale of the development projects Ostend Quartier and Westend Ensemble Upper West Lea B, both located in Frankfurt am Main.
  • Both projects were formerly owned by Adler Groups subsidiary Consus Real Estate AG.
  • In a challenging market environment, Adler Group sold these projects with a combined discount to Gross Asset Value (GAV) as per 31 December 2021 of around 13.6%.
  • It underscores Adler Groups ability of delivering on its pledge of further improving its liquidity position in 2022 and beyond.

Aimco Reaffirms Significant Value Proposition of Business Separation

Retrieved on: 
Tuesday, September 29, 2020
Other Construction & Property, Residential Building & Real Estate, Construction & Property, REIT, Articles, Business, Corporate law, Business law, Aimco, Board of directors, Gross asset value, GAV, Companies, Alberta Investment Management Corporation

Following this review, the Board and management determined that a separation of the development company (the Development Company), which represents less than 10% of Aimcos Gross Asset Value (GAV), is the best path forward to maximize value for Aimco shareholders.

Key Points: 
  • Following this review, the Board and management determined that a separation of the development company (the Development Company), which represents less than 10% of Aimcos Gross Asset Value (GAV), is the best path forward to maximize value for Aimco shareholders.
  • The separation will provide substantial value to shareholders by creating two focused, independent companies with distinct and attractive investment profiles.
  • The separation maximizes the strategic focus and financial flexibility for both companies to grow and return capital to shareholders.
  • The Aimco Board of Directors is actively engaged in driving the Companys strategic plan and remains open to all opportunities to create value.

Aimco Announces the Formation of Apartment Income REIT, a Self-managed $10 Billion REIT, and the Closing of a $2.4 Billion Joint Venture.

Retrieved on: 
Monday, September 14, 2020
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Investment management, Finance, Money, Economy, Financial economics, Aimco, Property, Net asset value, Valuation, Gross asset value, NAV, Alberta Investment Management Corporation

Aimco will retain its growing business of developing and redeveloping apartment communities while also pursuing other accretive transactions.

Key Points: 
  • Aimco will retain its growing business of developing and redeveloping apartment communities while also pursuing other accretive transactions.
  • Aimco retains ownership of the remaining 61% interest and is responsible to operate the properties, earning property and asset management fees.
  • The valuation is equal to 97% of the Gross Asset Value (GAV), as of 1Q20, previously calculated and published by Aimco.
  • AIR Net Asset Value (NAV) is estimated to be $7.8 billion or $50 per share and share equivalent.

DGAP-News: ADLER Real Estate AG: Solid performance for first quarter - well positioned for the future

Retrieved on: 
Monday, May 18, 2020
Economy, Finance, Money, Investment management, Investment, Gross asset value, Property, Portfolio

The ADLER Group is complying with Public Health and Government guidance to ensure everyone's safety and to limit the spread of COVID-19.

Key Points: 
  • The ADLER Group is complying with Public Health and Government guidance to ensure everyone's safety and to limit the spread of COVID-19.
  • ADLER announced today its interim financial results for the first quarter of 2020 reporting a solid performance, which has seen limited impact from COVID-19.
  • Financial key performance indicators were mainly impacted by disposal of non-core residential properties and BCP's retail portfolio aimed to optimize our portfolio.
  • Some 3,700 non-core residential units with gross asset value (GAV) of EUR 179.2m were sold, with transaction completed in Q1 2019.