Blueprint: Iran war’s potential spillover effects; Morgan Stanley’s fundraise milestone; KKR’s real estate repositioning

Market participants at the PERE Network Asia Summit discussed how geopolitical turmoil could spill over into commercial real estate markets; Morgan Stanley Real Estate Investing closed $2.88 billion for the 11th fund in its global opportunity series, drawing new investors with more concentrated capital deployment. Meanwhile, KKR is examining its scalability challenges as the firm’s equity under management has ballooned over the past years; and more in today’s digest, exclusively for our valued subscribers.