Peter Benson
On the verge of closing the firm's first real estate mega-fund, Marc Zahr’s next challenge is deploying the capital into the still-maturing sector.
-80x80.jpg "Alpaca launches real estate investment arm")
The New York-based proptech firm has hired two executives from Ares and Prospect Ridge to lead the new platform.
The tower's tenants include law firm Parker Stansbury, investment bank Morgan Stanley and fitness company Equinox.
In the world’s largest property market, insurance companies are stepping in for retrenching banks, while cash is king in refinancings.
Debt costs have risen sharply, but the inflationary environment has also had an outsized effect on other costs for managers.
The New York-based manager initially targeted $750m for its second fund, snagging capital from institutional and high-net-worth investors.
The New York-based firm has received backing from a sovereign wealth fund to establish a platform investing in middle market managers.
Co-CEOs Deborah Harmon and Alex Gilbert said more than half the capital for the fund came from new investors, including Asian and Middle Eastern sovereign wealth funds.
Headlines about other sectors have distracted many from mounting evidence the prospects of physical shopping space are improving.
In multifamily, the Los Angeles-based firm is looking to replicate the vertically integrated approach it has adopted with industrial.
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