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The New York-based firm defended its real estate assets on its fourth quarter and full year earnings call despite the value of its opportunistic holdings falling 8 percent.
The pair’s $835m joint purchase of The Diplomat in South Florida is significant but not a reflection of what is happening in the hotel market.
The Toronto-based pension plan will retain Michael Turner to focus on US-specific strategies.
Although the lending market has been difficult overall, borrowers see some variation between sectors and regions.
The impact of myriad lending sources pulling back at the same time has been worse than many are willing to acknowledge.
Bridge Investment Group and Prime Group Holdings record capital hauls for multifamily and self-storage strategies demonstrate continued institutional demand for certain sectors, but not that meaningful deployment is close.
CalPERS made four of the five largest commitments to the asset class last year, one of several key findings from PERE’s Investor Report for 2022.
The New York-based manager’s president said 'rebuilding momentum takes time' but said the tone of conversations with clients has improved.
The US firm has smashed previous records on the strength of its prior performance, including a 30.4% return for Bridge Multifamily Fund IV.
The Saratoga Springs, New York-based manager has eclipsed the previous record holder by $1bn.