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Private Real Estate Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

Alma Property Partners raises €160m at first close for fourth Nordic value-add fund

Seven institutions from the Nordics and Germany, all existing Alma backers, committed to the vehicle, leaving €340 million of the €500 million target to raise.

The Wrap

BlackRock and GID write construction loans; VAC recapitalizes a Henderson office

Greystone's $167 million Miami stack used an impact fund loan, tax credits and a Freddie Mac forward, with no bank in the group.

Deals

Sentinel Real Estate acquires U.K. affordable rental manager Hearthstone

The deal follows Sentinel's January 2026 U.K. entry and folds Hearthstone's team into a platform already operating in the U.S. and Australia.

Who's investing

IREI commentary says AI job disruption would hit market-rate apartment demand first

The piece starts from nearly half of U.S. renters already spending more than 30 percent of income on housing.

Real estate debt

Nvidia pitches insurers on backing neocloud GPU loans as lenders balk

The Financial Times reports early talks with no agreements in place, as AI cloud tenants take a growing share of Nvidia's demand.

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