CBRE IM completed the acquisition of two residential assets from Oaktree-backed Culmia.

CBRE Investment Management, a global real assets investment management firm, completed the acquisition of two residential assets from Oaktree-backed Culmia, an operator of a real estate company. Financial terms were not disclosed. “This acquisition was a rare and exciting opportunity to secure a grade A under-development residential portfolio with strong ESG credentials through an off-market process. While the demand for rental properties is increasing, stock availability is exceptionally low, making it an extremely attractive segment for investors. This deal will enable us to gain scale in a very undersupplied market in a reasonable timeframe, with a product that stands out in terms of quality, specifications and design," Antonio Roncero, CBRE Investment Management Head of Transactions for Iberia.