Christie Ou
The investor accelerated its investment pace in FY 2022 to capture the post-covid-19 opportunities before price recovery.
The Australian firm is planning to launch a value-add fund and bespoke strategies with its capital partners in the region.
Despite the more positive outlook for the sector at a pan-Asia level, organizations from the US and Europe are still taking opportunities to reduce their exposure to the region.
The former Neiman Marcus retail space, which Wells Fargo acquired for $550m, will become the sole office space in the retail property.
The firm plans to lower the vehicle's exposure to offices by 15-20% as it seeks to top up its allocation to multifamily and logistics.
Exits include its shares in Chinese logistics company CNLP and all of its non-performing loans in the country.
If fundraising continues at its current place, the year is on track to end with the lowest amount raised since 2012.
The investor has announced $1bn of commitments across two direct private real estate funds within the past year.
The Miami-based firm has garnered investments from some of the biggest institutional investors including CalSTRS and Mubadala.
The APG-backed healthcare platform is also in talks with other institutions from Asia and the Middle East as it eyes a $1.5bn final close.
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