StepStone Real Estate Announces Senior Management Team Realignment

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) — StepStone Real Estate (SRE) announced today that it has realigned its senior management team by appointing the following titles and responsibilities: Josh Cleveland, Partner, was named Head of EMEA; Kieran Farrelly, Partner, was named Head of Market Research; Brendan MacDonald, Partner, was named Chief Operating Officer; and John Waters, Partner, was named Head of Investments. Jeff Giller remains Head of StepStone Real Estate.

Jeff Giller said, “Giving our high quality senior management team members direct responsibility for regional and functional areas such as operations, investments and market research will ensure that as we grow, we will continue to maintain the high standards that SRE’s investors and clients deserve.”

As previously announced, SRE’s special situations secondaries fund closed in September 2020 with commitments exceeding the fund’s target by 40{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}, and SRE continues to expand its advisory service practice. In November, Margaret McKnight, formerly Chief Investment Officer and Head of the Americas for Carlyle’s Metropolitan Real Estate Investment Management division, joined SRE as Partner.

About StepStone and StepStone Real Estate

StepStone Group Inc. (Nasdaq:

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CF Real Estate Services Hires Heather Sizemore as Senior Vice President to Lead Growing Student Housing Division

ATLANTA–(BUSINESS WIRE)–Feb 4, 2021–

CF Real Estate Services (CF) has hired Heather Sizemore as senior vice president of its student housing division, Campus First. In her new role, she will oversee the day-to-day management and operations of the student assets as well as head up the business development efforts of the expanding portfolio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210204005129/en/

Heather Sizemore, Senior Vice President, Campus First (Photo: Business Wire)

Sizemore comes most recently from Michaels Student Living (MSL), where she launched the company’s student housing management platform as vice president of operations, before transitioning to the on-campus business development team. During her tenure at MSL, she participated in the management and development of more than 15,000 beds. “As a 20-year veteran in the student living space, we are excited for the wealth of knowledge and experience Heather brings to this position,” states Kevin Owens, executive vice president, CF Real Estate Services.

Campus First has recently added several student housing assets to its management portfolio increasing its presence further in both Texas and South Carolina. As a well-known and respected industry leader, Heather will be a key component of the continued success of this growing

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Children’s Hospital of Philadelphia Appoints Donald Moore as Senior Vice President of Real Estate, Facilities and Operations

PHILADELPHIA, Feb. 4, 2021 /PRNewswire/ — Children’s Hospital of Philadelphia (CHOP) has appointed Donald E. Moore as its Senior Vice President of Real Estate, Facilities and Operations. Moore has close to four decades of experience in facilities development and operations management, having most recently served as Vice President of Real Estate and Facilities at Drexel University, one of three former institutions where he led master planning and facilities development activity.

“We are pleased to welcome Donald to the CHOP family,” said Doug Hock, Executive Vice President and System Chief Operating Officer at Children’s Hospital of Philadelphia. “He is a strong leader with robust construction management experience, and he is committed to supporting economic and employment opportunities for our neighbors in the West Philadelphia community. Donald is ideally suited to lead our Facilities team in the design of healthcare spaces that make a positive impact in the lives of the patients and families we serve.”

Throughout his career, Moore has overseen countless design, construction and operations management projects. During his tenure at Drexel, he spearheaded a partnership with uCity Square and Wexford Science & Technology that sparked redevelopment activity at the western-most end of Drexel’s campus,

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Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes

PASADENA, Calif., Feb. 3, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced that it is commencing an underwritten public offering, subject to market conditions, of two tranches of senior notes (the “notes”). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC will act as joint book-running managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} owned subsidiary of the Company.

The Company expects the net proceeds from the first tranche in this offering will be used initially to repurchase or redeem any and all of the Company’s outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} senior notes due 2024 (the “2024 notes”) pursuant to a tender offer announced separately today (the “tender offer”), by redemption or otherwise. The Company expects to use the remainder of these proceeds, if any, for general corporate purposes, which may include the reduction of the outstanding balance on the Company’s unsecured senior line of credit, if any, the reduction of the outstanding indebtedness under the Company’s commercial paper program, if any, the repayment of

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Alexandria Real Estate Equities, Inc. Announces Tender Offer for Any and All of Its Outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior Notes Due 2024

PASADENA, Calif., Feb. 3, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced that it has commenced a cash tender offer for any and all of its outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior Notes due 2024 (CUSIP No. 015271 AM1) (the “Notes”) on the terms of, and subject to the conditions set forth in, the Offer to Purchase, dated the date hereof (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The Notes are fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. As of February 2, 2021, there was $650,000,000 aggregate principal amount of the Notes outstanding. The tender offer is referred to herein as the “Offer.” The Offer to Purchase and the Notice of Guaranteed Delivery are referred to herein collectively as the “Offer Documents.”

Certain information regarding the Notes and the pricing for the Offer is set forth in the table below.



Title of Security

CUSIP
Number

Principal
Amount
Outstanding

U.S.
Treasury
Reference
Security

Bloomberg
Reference
Page

Fixed Spread

4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior
Notes due 2024

015271 AM1

$650,000,000

0.125{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} U.S.
Treasury Notes due
December 15, 2023

FIT5

20 bps

Holders

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