19. Brookfield Property REIT
Canada-based Brookfield Property REIT picked up one retail asset valued at $620 million.
18. Tiger Alternative Investors
17. Partners Group
Switzerland-based Partners Group, a global private markets investment manager, acquired six U.S. suburban office buildings valued at $642.4 million.
16. Granite REIT
Granite REIT, a publicly-traded REIT headquartered in Toronto, bought nine U.S. industrial properties valued at $688.3 million. In July, the firm announced it completed the acquisition of eight income-producing distribution buildings in Memphis, Tenn., Cincinnati, Columbus, Ohio and Indianapolis, for approximately $246.1 million. The properties contain a total of 4 million sq. ft. of space. In addition, the REIT purchased a 36-acre development parcel in Fort Worth, Texas, for a future 605,000-sq.-ft. e-commerce and logistics warehouse. The deal was priced at $6.7 million.
15. WPT Industrial REIT
WPT Industrial REIT, another publicly-traded Canadian player, purchased six properties valued at $717.6 million. In March, the company closed on the acquisition of a 26-property U.S. distribution and logistics portfolio for more than $700 million. In its earnings report for the second quarter of 2020, the REIT mentioned at least two additional U.S.-based acquisitions. One involved a $39-million land parcel in Mansfield, N.J., slated for a 772,000-sq.-ft. distribution and logistics facility. Another was a land parcel in Nashville, Tenn., slated for a 726,000-sq.-ft. distribution and logistics facility that it purchased for $6.5 million.
Spanish private investor Pontegadea, owned by the founder of fast fashion chain Zara Amancio Ortega, invested in three U.S. properties in the course of 2020, valued at roughly $766.2 million. The firm’s acquisitions included $646.2 million worth of office assets in Central Business Districts (CBDs) and $120 million in retail real estate. In the fall of 2019, the firm struck a $415-million deal for two Seattle office buildings leased to Facebook. Pontegadea announced its intention to invest approximately €2 billion a year in real estate, primarily in the U.S. and Asia Pacific.
One more German institutional player that made the list was BVK. The company made one office acquisition valued at $946 million.
Singapore-based institutional player GIC closed deals on eight properties valued at over $1 billion. This sum included $404.4 million in industrial assets, $236.4 million in hotels and $118.3 million in retail. In October of last year, GIC agreed to acquire four U.S. hotels for $249 million.
German institutional investor Jamestown bought nine properties, also valued at more than $1 billion. Jamestown invested $826 million in CBD office properties and $185.7 million in retail assets.
7. Korea Investment Holdings
Investment fund manager Korea Investment Holdings, another institutional player from South Korea, made four acquisitions, valued at approximately $1.18 billion. The firm bought $475 million worth of CBD office properties and $703.5 million in apartment assets.
3. Mapletree Investments
Meanwhile, Mapletree Investments made three U.S. industrial acquisitions, also valued at roughly $1.35 billion.
1. Brookfield AM
It was Canadian Brookfield Asset Management, however, that claimed the top spot with 29 properties valued at close to $3.6 billion. The company spent over $1 billion on apartment buildings, $640 million on CBD office acquisitions, roughly $654 million on industrial transactions and $498 million on hotels.