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The increase in market value of MetLife's CRE investments is being driven by strong activity throughout North and South American, European, and Asian markets.
The communal living company acquired the Paper Factory Hotel in Long Island City, Queens for conversion into its third co-living property in New York City.
Øystein Elgsaas, architect and partner at Voll Arkitekter, says The Mjösa Tower symbolizes environmentally friendly thinking in construction and offers proof that tall buildings can be built using wood.
Brass Enterprises acquired the recently developed 348-unit community in January from The Allen Morris Company of Coral Gables, FL in a deal valued at $107.6 million.
“With the completion of the TPG Real Estate Partners III fundraise, we are well-capitalized to execute our distinctive investment strategy and continue building a differentiated investment portfolio,” says Kelvin Davis, founder and co-head of TPG Real Estate.
Brennan joined LaSalle in 1999 and has successfully held a variety of leadership, investment, asset and portfolio management roles across the organization.