Harrison Connery
The credit manager is looking to build out its portfolio in the space to complement its primary value-add strategy.
The firm’s president of North America believes NIMBYism will cause development to stall and rents to rise in the popular sector.
The New York-based housing specialist’s fund was backed mostly by US investors, including the Virginia Retirement System.
The firm’s CEO said $2trn in projected capital expenditures in data center development globally will create ‘unprecedented opportunities.’
Hamid Moghadam, however, is less concerned about the direct impact of tariffs on China.
The pension plan is targeting 'niche-type products' from experienced managers with a 'strong sourcing network.'
The new London-based manager launched by ex-Harrison Street Europe executive Daniel Gorzawski raised the capital for a specific UK living sectors portfolio acquisition.
Once more of a rarity in fundraising, rolling first closes are increasingly becoming a make-or-break factor for managers during a difficult capital-raising environment.
The asset manager raised 60% of the commitments for its latest opportunistic real estate vehicle from new investors.
Two fund closings this week demonstrate how targeting below-average deal sizes can give managers an edge.