Hines

The US-based public pension fund commits to three private real estate funds.

Higher interest rates, inflation and an unpredictable trade war are ushering in an ever-changing set of obstacles.

The Houston-based manager’s global CIO makes a bold prediction about the coveted class of investors and its growing dominance as a source of capital.

Penny Christy will lead investor services globally and Atsushi Sumitomo will court Japanese investors

The pension is weighing one of its largest real estate deployments to date as part of an ongoing push for geographic diversification.

Joseph Tien’s departure follows other leadership changes at Hines, including the exit of Europe CIO Alexander Knapp.

Norges Bank Investment Management concludes its wide search for the position with the hire of the CIO of Hines’ European business.

The firm's existing head of APAC capital raising will focus on leading private wealth coverage under Paul Ferraro’s direction.

The executive at the Houston-based manager believes the vehicles are problematic not just for investors but for the industry overall.

Higher borrowing costs are changing underwriting across Japan, but surging domestic capital and strong rental growth continue to keep pricing surprisingly resilient across assets, writes James Alker.

While credit spreads have widened modestly, real estate managers are facing the potential for elevated debt costs as base rate projections change.

Former Hines executive Paul White will head up CBRE IM’s Europe Value Partners series, for which the manager has not raised a fund since 2018.

The initiative marks the New York-based firm’s push into raising and deploying private wealth capital in core-plus real estate.

Private wealth investors are pooling resources and pursuing more club deals to benefit from scale and shared expertise.