The New York-based mega-manager is now approaching its target for the vehicle, bolstered by a pickup in European real estate opportunities.
Unlike past years, the 2023 winners made investments across a wide mix of mainstream and alternative property sectors.
The Canadian insurer has new goals for its global real estate growth strategy, including expanding into third-party management. PERE spoke with the firm’s leadership on the path forward.
Volatility is strengthening the case for retail investors to increase real estate exposure, but the opportunity to tap the private wealth channel is not without its challenges.
The firm has launched the strategy at a time when real estate financing ‘is a pretty broken market,' according to CEO Jon Winkelried.
The manager closed on an additional $2bn for its latest real estate opportunistic fund during Q3 2023 amid a pick-up in transaction activity.
The strategy is the second-largest in the Los Angeles-based firm’s real assets business after US real estate equity.
Over half of the New York-based mega manager’s investment activity in real estate this year has been in the region.
Hamid Moghadam says the logistics real estate giant is now focusing on acquiring assets with higher-return potential.
The firm's chief executive anticipates 'the best environment we have seen since 2009' for investing in opportunistic real estate.
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