Meghan Morris
The Belmont, California-based firm is seeking to raise $300 million for its fifth fund.
The Dallas-based private equity real estate firm has closed its seventh fund, the largest vehicle in the series.
The new owners of Peter Cooper Village-Stuyvesant Town have formed a new group to oversee the 80-acre New York property.
The pension plans to invest in non-US real estate equity and real estate debt in 2016.
The Boston-based firm, which spun out from Fidelity Investments in 2011, is targeting a mid-2016 close for the value-added vehicle.
The prediction was one of four that Blackstone’s Bryon Wien made about real estate in 2016.
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Foreign investors in the industry trade body’s annual survey also said that the US office sector will be the most affected by any interest rate increases.
The acquisition marks the Canadian pension plan’s entry into US student housing, following its UK debut in the space last year.
Investors crowded out of cities will search more widely for opportunities, says Prudential Real Estate Investors’ global head of investment research, as they look to deploy capital quickly.
The mammoth war chests of real estate’s opportunistic players caused more mega-portfolio deals, data from the property services firm said.
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