DS5: Single-Family Rental Investments Now and in 2021

first_img DS5: Single-Family Rental Investments Now and in 2021 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribe 2020-10-12 Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Week Ahead: Mark Calabria Providing FHA Industry Update Next: Latinx Homeownership Faces ‘Roadblocks’ The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Media, News, Webcasts Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Christina Hughes Babb This week’s DS5 installment features Jeffrey Tesch, CEO of RCN Capital, who discussed single-family rental (SFR) investing now and in the year to come.He tells DS5 that prior to the COVID-19 crisis, the market for SFR investing already was experiencing “unprecedented demand” all across the U.S.”We had the best January and February we’d ever had,” he said. “There almost was a pause across the entire real estate sector … but by April it was clear the demand for single family housing, especially from the rental sector, was unabated.”Tesch went on to acknowledge the role of GSEs in assisting borrowers and speculate on market conditions in the coming months. That, he said, will be dictated by how quickly homeowners who have experienced distress can get back to work.”View the entire interview below. October 12, 2020 1,383 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / DS5: Single-Family Rental Investments Now and in 2021last_img read more

UK pension funds among winners of £4.2bn London infrastructure project

first_imgIPE understands PIP investors accounts for the majority of the UK investment. The PIP, set up by the UK National Association of Pension Funds (NAPF) to channel investment into UK infrastructure, declined to comment. In addition to Dalmore, the consortium included Allianz Capital Partners, Amber Infrastructure Group, DIF and Swiss Life Asset Managers.The PIP’s involvement in Dalmore’s TTT fund represents its first foray into UK development infrastructure after focusing on PPP equity and solar investments since the first investment in 2014.Seven founding pension fund investors, including the Pension Protection Fund (PPF), the Railways Pension Scheme and the Strathclyde and West Midlands local government funds, originally backed the platform in 2012. Five investors allocated capital to Dalmore’s PPP fund.The PIP has since added a solar fund from Aviva Investors and is seeking authorisation from the UK’s financial regulator to become a standalone investor.In February, PIP chief executive Mike Weston said he expected the platform to grow and be able to invest in large-scale UK projects – and acknowledged discussions around the TTT had taken place.The overall vision for the PIP is to hold a mixture of direct and indirect investments, using external partners initially before developing in-house capabilities.The TTT project will create a new sewer and construct a 25km tunnel underneath London’s River Thames, with completion due by 2023.The consortium said it would benefit from revenues as soon as construction began next year.Once operational, the project will be controlled by quasi-government regulator OFWAT.The group beat 11 other bidders in a tender process managed by Thames Water, the London water provider. An asset manager partnered with the UK’s Pensions Infrastructure Platform (PIP) has helped form a winning consortium on a large-scale London infrastructure project.Dalmore Capital, the first asset manager to invest PIP money via a series of public/private partnership (PPP) equity investments, is part of the Bazalgette Consortium that will finance the £4.2bn (€5.9bn) Thames Tideway Tunnel (TTT) – an upgrade of London’s ageing sewer network.Earlier this month, PIP investors made a £370m co-investment alongside Dalmore, in addition to the £500m in Dalmore’s PPP Equity PiP fund – taking total commitments associated with the platform to more than £1bn.Dalmore said it secured £440m of commitments for its TTT fund from a number of UK pension funds and a small number of European investors. last_img read more