Among the $20bn raised by the Toronto-based firm during the period was $2.2bn for its fifth flagship real estate fund, BSREP V.
The Los Angeles-based firm expects to bring to market the latest iterations of its European and US value-add real estate funds this year.
During the firm’s first quarter earnings call, senior executives said ‘interesting' opportunities were arising in the lower-risk strategy.
Artificial intelligence tools are helping real estate managers reduce costs, optimize portfolio decisions and source better deals.
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.