Institutional Real Estate

Guy’s and St Thomas’ NHS Foundation Trust and Meridiam have announced a strategic public-private partnership that will support the delivery of low-carbon, resilient and sustainable energy infrastructure solutions that will modernize the trust’s estate. The first-of-its-kind energy partnership is aimed at addressing the critical need to upgrade aging infrastructure, tackle rising energy costs and reduce carbon emissions across the NHS estate.

ITE Management, an alternative asset manager focused on industrial transportation and infrastructure, has launched ITE Lending, a dedicated platform providing senior-secured financing to commercial aircraft and engine borrowers globally. The platform is supported by a substantial and diversified capital base, enabling ITE Lending to pursue aviation financing opportunities and provide tailored solutions to borrowers.

CVC DIF has plans to acquire a majority stake in EcoEridania, an Italian vertically integrated medical waste platform. The transaction involves the indirect disposal of a 75 percent interest in EcoEridania by an affiliate of iCON Infrastructure, which initially backed EcoEridania eight years ago. Founded in 1988 in Genoa, EcoEridania is one of the largest diversified industrial waste management operators in the country.

Fund managers are increasingly outsourcing core functions to third-party specialists as they grapple with deepening concern regarding the global regulatory environment and face an increasingly difficult recruitment landscape. This was the key finding of a global study commissioned by Carne Group, Europe’s largest third-party management company, of 200 fund managers across Europe and the United States, who collectively manage $7.72 trillion in assets.

With new data centers cropping up in farms, fields and communities on what seems like the daily, some U.S. policymakers are pumping the brakes. On July 14, New York Gov. Kathy Hochul signed an executive order to create the nation’s first moratorium on new hyperscale data centers.

Balentine has elected Matt Raines and Ben Webb, CFA, as partners. According to the firm, Raines has helped expand Balentine’s client offering by supporting the development of its business advisory, family and legacy services. The firm said he has also played a key role in the growth of its Raleigh, N.C., office, where headcount has nearly tripled since he joined.

Affinius Capital announced that it has originated a $176.6 million construction loan to finance the ground-up development of Place at Alafaya Phase I & II. The to-be-built, four-building, four-story, class A, 484-unit, 1,395-bed student housing property with 1,301 parking spaces will be located at the University of Central Florida (UCF) in Orlando, Fla. The loan was made to Beachwold Residential.

Intercontinental Real Estate Corporation has acquired Lakeland Town Center (Lakeland or the Property), a 125,233-square-foot grocery-anchored retail center located in the Seattle/Tacoma suburb of Auburn, Wash., for $69.5 million. Built in 2002, Lakeland Town Center is situated on a 12.61-acre site at the commercial heart of Lakeland Hills, a master-planned community 25 miles south of downtown Seattle.

Wafra has agreed to increase its ownership stake in Ardian, a private investment firm with $200 billion in assets under management, building on its initial strategic investment in November 2025. The investment is being made through Wafra’s Strategic Partnerships funds, which acquire minority interests in alternative asset management firms. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close between late 2026 and early 2027.

Argyle Real Estate Capital has acquired Exchange at Westgate, a 312-unit luxury multifamily community in Leland, N.C. for $58.7 million. Exchange at Westgate, located at 5214 Browning Ln., sits in the heart of Leland within the Wilmington metropolitan area. The property offers access to downtown Wilmington, located 12 minutes away, providing residents with proximity to a thriving coastal economy, beaches, entertainment venues and major employment centers.