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 Toronto-based alternative asset manager will close the open-ended vehicle to new investors until the first round of capital is substantially deployed.
Jim Barry, head of real assets at the world’s largest asset manager, previously called the strategy a 'strategic gap' for the firm’s real estate platform.
While it was partly facilitated by the covid-19 crisis, the deal reflects many major themes that have brought other buyers and sellers to the table.
This year’s expanded ranking reflects a top 10 with a unique set of characteristics and a boost in representation for certain geographies and investor types.
The wall of capital will likely mean lower returns for property credit strategies. But that has not deterred institutional capital from piling in, as this record-breaking close will attest.
Karsten Kallevig, the executive who served in the position for a decade, has been appointed a special advisor while his previous job will not be filled.
For the industry groups spearheading the global initiative to standardize reporting, the pandemic has created new reporting requirements that may remain for the long term.
The covid-19 crisis has accelerated two different shifts in how properties with a space-as-a-service component will be valued.
Firms are prioritizing transparency and maintaining comprehensive, highly detailed data as investor reporting requests mount during covid-19.
Capital providers are seeing writedowns in their portfolios and accepting that valuations and underlying assumptions will vary during this uncertain time.
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