According to the financial services firm’s 2014 Real Estate Outlook Survey, more capital will be deployed in secondary markets, as well as the Southeast and Midwest regions of the US.Â
The Chicago-based real estate investment manager has been awarded its second billion-dollar property mandate in the past week, this time from the £12.6 billion Greater Manchester Pension Fund.
The San Rafael, California-based pension plan will sell off the properties in its separate account with Woodmont Realty Services and reinvest much of the capital in core funds.
The San Francisco-based real estate investment firm has entered into a contract with Beacon Capital Partners to purchase the 1.1 million-square-foot Aon Center office building.