Real Estate Investment

Starlight Closes UK BTR Fund II at £680M, Targets 6,000 Homes

Toronto – September 15, 2026 -- Starlight Investments has closed its Starlight UK BTR Fund II with £680 million in total capital commitments across the fund and related investment vehicles, financing the acquisition and completion of more than 6,000 build-to-rent homes across the United Kingdom.

Fund II Secures Backing From Global Institutional Investors Across Three Continents

The fund drew commitments from a diverse group of global institutional investors spanning Europe, Asia-Pacific and Canada, including both existing limited partners and several new backers. Earlier this year, Homes England's National Housing Bank made a significant commitment to the fund, aligning the strategy with national efforts to expand the UK's undersupplied rental housing stock.

Procaccianti, Rugger Capital Buy Charleston Harbor Resort; Suntex Takes Marina

Providence, R.I. and Dallas, Texas – September 15, 2026 -- Procaccianti Companies and joint venture partner Rugger Capital have acquired the 217-key Charleston Harbor Resort in Mount Pleasant, South Carolina, while Suntex Marinas has separately acquired the adjacent Charleston Harbor Marina, one of the state's largest in-water marinas with more than 450 slips.

Two buyers split ownership of a single waterfront destination

The resort and marina, though physically adjacent and jointly anchoring access to historic downtown Charleston, will be owned and operated independently. Procaccianti's hospitality affiliate, TPG Hotels & Resorts, will manage the resort, while Suntex will own and operate the marina, which accommodates vessels from recreational cruisers to superyachts.

Foundation 8 Secures $44.5M Loan for Phoenix Office Tower

Phoenix – September 15, 2026 -- Foundation 8, LLC has closed a $44.5 million first mortgage loan with Hilco Global Real Estate Capital to refinance and reposition the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix.

Loan refinances acquisition debt and funds leasing costs

The financing replaces existing acquisition debt and provides additional capital for leasing costs, tenant improvements, and capital improvements tied to Foundation 8's business plan for the property. The office component spans 246,490 square feet of Class AA space across the top eight floors, plus 2,522 square feet of ground-floor retail, rooftop amenity rights, and shared parking access. A separately owned 242-key Westin Hotel occupies the building's middle floors.