Industry participants are now feeling the impact of the banks’ overexposure to the asset class on the ability to get deals priced.
The firm, a unit of Neuberger Berman, has acquired a minority ownership interest in the Austin-based alternative real estate manager.
Speakers at the PERE America Summit 2022 have differing perspectives on how much pain is in store for the industry.
The denominator effect is causing notable instances of overexposure to property, according to the latest Allocations Monitor released this week by Hodes Weill and Cornell University’s Baker Program in Real Estate.
The Toronto-based firm’s BSREP IV is only the third mega-fund and the first vehicle to close above $10bn this year.
By self-imposing a financially punitive measure to reduce emissions, NREP is demonstrating a method which promotes proactivity over passive carbon reduction investments.
The combined real estate business will run two fund series, one dedicated to logistics properties, the other on secular trends.
The West Palm Beach, Florida-headquartered manager raised approximately one-third of the $632m fund in the last four months, even amid increased capital markets volatility.
The firm has announced two yuan-denominated funds.
The New York-based manager began investing in the property type in December 2021.
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