US real estate firm GID has launched its national development platform, GID Residential Partners, into the Boston housing market. The expansion into the supply-constrained region will be led by industry veteran Chris Spendley, who joins the firm as Managing Director. Spendley brings over two decades of multifamily experience to the role, having previously overseen billions in transactions and thousands of residential units.
Boutique property venture Art Deco Freak has launched a dual-market residential transformation model in Pittsburgh and Los Angeles. Founded by entrepreneur Lauren Papa, DC, the firm specialises in turning distressed architectural assets into high-end single-family homes. The strategy avoids standard renovation formulas, focusing instead on historical preservation, upcycled materials, sustainable infrastructure and asset-specific repositioning to deliver premium turnkey properties.
An investor group led by Affinius Capital and Vista Hill Partners has finalised a 3.5 billion dollar all-cash takeover of Veris Residential. The transaction transitions the former real estate investment trust into private ownership. The deal secures a portfolio of 6,581 premium apartment units located primarily along the strategic Hudson River waterfront across from Manhattan and throughout the northeastern United States.
Feldberg Capital has advised its joint venture with the Teacher Retirement System of Texas on a debut investment near Hamburg. The venture acquired a 55,000 square metre site in Wedel to develop a 35,000 square metre logistics asset. Scheduled for completion in mid-2027, the project forms part of a 200 million euro vehicle targeting German metropolitan logistics sectors.
Vinhomes has launched a five-year scheme alongside gold and silver companies to help clients convert idle gold into cash to purchase properties. Buyers can later opt to keep the real estate or receive 110% of their converted gold value. The initiative aims to mobilize capital while supporting Vinhomes as it targets a record revenue growth of over 15% this year.
Frasers Logistics & Commercial Trust has agreed to acquire interests in four freehold logistics properties in Germany and the Netherlands for approximately €294.9 million. The portfolio is fully occupied with a 5.7-year weighted average lease expiry. Funded via external debt, the transaction is expected to increase the trust's distribution per unit and expand its total portfolio to 118 properties.
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