Evelyn Lee
Evelyn Lee is Editor for PEI Media’s real estate-focused publication, PERE, overseeing global news coverage for both PERE Magazine and PERENews.com. Based in New York, she works closely with reporters and editors across PEI’s offices in New York, London and Hong Kong, and helps to co-ordinate shared content with PEI’s other private markets titles. Prior to joining PEI in 2011 she covered commercial real estate, economic development and environmental issues at NJBIZ, a New Jersey-focused business publication
The CEO of the investment division at the UK charity says performance targets will need to change as real estate becomes more operationally intensive.
The 2021 ranking reflects more muted fundraising activity during the covid pandemic.
The end of government support and rising prices were among the major concerns on the minds of delegates at the first-ever PERE Global Summit.
There are many hurdles in converting assets from one sector to another, but cost is about to become less of one.
Executives from Angelo Gordon, Nuveen Real Estate and Canada Life make the business case for their preferred alternative use for the property type.
The pandemic has helped to facilitate the conversion of troubled assets in the sector. But such activity is not for the faint of heart.
The private equity giant took a different exit route in splitting from its indirect real estate platform than other sub-scale businesses in recent years.
Although the bulk of capital raised during the quarter went to diversified strategies, sector-specific funds were allocated to only three property types.
Most of the vehicles will be focused on non-core strategies in the sector and the North America region, according to PERE data.
Funds targeting the sector are seeking nearly 50% more capital than they did a year ago, even though sales fell in 2020 from the previous year.
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