Phoenix Property Investors

The ‘hype’ around the sector has led some executives to take a more cautious stance, members heard at the PERE Network Asia Summit last week.

Among the Atlanta-based manager’s South Korean investors is NPS, which committed $98m to its US value-add fund in 2022.

With the newly created role, Asia's largest REIT manager intends to grow its presence in the country, which it first entered in 2019.

Asia’s public real estate firms are expanding into private markets for diversification and greater customization for investors.

Prior to Milan Khatri’s appointment, the firm hired BlackRock’s former head of Asia real estate to run its overall investment business.

However, investor preferences and strategies have been changing as the country's negative interest rate era comes to an end.

Refinancing challenges for borrowers in the region can differ widely depending on the market where they are investing.

The outcome, while removing an imminent threat to cross-strait stability, is expected to impact investor sentiment in the region.