New York-based GTIS Partners LP has rebranded as Brightshore Capital LP after becoming fully partner-owned. Managing $5.6 billion in gross assets, the real estate firm simultaneously launched Brightshore Credit, a $250 million debt platform. The vehicle will target high-yield credit, stretch senior and mezzanine financing to assist developers facing high interest rates and building costs across the US and Brazil.
Knowledge Economic City has signed an agreement with Almajdiah and Capital Hill to launch a SAR 2.8 billion residential development in Madinah. Built on 97,000 square metres of land, the project features 2,700 apartments, commercial units and extensive parking. The target market includes non-Saudi international Muslim buyers under updated Kingdom ownership rules, with funding handled via a closed-ended real estate investment fund.
Saudi Arabia's Ministry of Municipalities and Housing has signed agreements with Weshah Co. and local landowners to develop four residential projects in Riyadh. The initiative targets the Al-Aarid and Al-Narjis neighbourhoods, aiming to transform undeveloped land into integrated housing options. The scheme supports public partnerships designed to boost market supply and accelerate homeownership goals under Saudi Vision 2030.
Airbnb has launched the Airbnb Housing Accelerator, a new program pledging $250 million in last-dollar financing to unlock $5 billion in homebuilding capital. The scheme targets stalled housing developments, starting with a $6.4 million investment for 201 affordable units in Austin, Texas. Alongside capital deployment, Airbnb is supporting local policy reforms, launching a global housing index and establishing a $5 million innovation prize.
Expo 2030 Riyadh has partnered with Mohammed Al Habib Real Estate Company in a 3.2 billion SAR joint venture to construct Expo Village. The residential development will house 5,500 international delegates across 2,300 apartments during the World Expo. Following the six-month exhibition, the sustainable district will convert into a permanent residential community, supporting long-term urban growth in northern Riyadh.
Global real estate manager Starlight Investments has secured £680 million in total capital commitments for its Starlight UK BTR Fund II and related investment vehicles. The capital will finance the acquisition and construction of more than 6,000 build-to-rent homes across the UK. Backed by international institutional investors and Homes England's National Housing Bank, the vehicle has already deployed funds into three major housing schemes.
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