India’s first REIT clears fundraising hurdle

The Blackstone and Embassy-backed REIT marks a new investment product for investors in India. The next litmus test will be the type of returns it can generate.

AEW’s LOGISTIS fund is extended again following €750m raise – Exclusive

The Boston-headquartered manager has now collected €2.3bn in total equity for its long-standing pan-European vehicle.

RBC enters private real estate with $800m fund – Exclusive

The asset management arm of the Canadian Bank has launched its first product in the sector in partnership with BCI and its subsidiary QuadReal.

Pamfleet raises $435m for latest fund on upsized pension allocations – Exclusive

Around 40% of the capital raised by Pamfleet for its third value-add fund has come from this investor type.

Benson Elliot closes Fund V above target – Exclusive

Benson Elliot has closed its fifth real estate fund on a total of €836 million, exceeding its €800 million target, PERE has learned. The London-based private equity real estate firm launched Benson Elliot Real Estate Partners V, which had a €850 million hard-cap, in 2017, according to a filing with the Securities and Exchange Commission. By April 2018, Benson Elliot had raised €600 million in the first close for the fund, PERE previously […]

Virtus holds $223m first close for ‘cycle-resilient’ fund – Exclusive

The Austin-based alternatives property investment manager aims to raise $500m for its third value-add fund, Virtus Real Estate Capital III.

When a fund manager like Lone Star aims lower

Targeting a smaller vehicle goes against the trend of firms able to raise successively larger funds. There are benefits – and risks – in doing so.

JEN Partners closes its largest residential land fund to date – Exclusive

JEN Partners closed its latest US residential land fund on $360 million, surpassing its target of $300 million. Launched in May 2018, JEN Partners VI will deploy capital to finance and develop new housing throughout the southern and western US. The New York-based firm will focus on growing metropolitan areas in Maryland, Virginia, North Carolina, […]

Madison Realty Capital nears $1bn close for RE debt fund

The firm’s latest credit vehicle has already significantly outpaced its predecessor fund, which closed on $695m.

Nuveen Real Estate expands open-ended fund series

The global real estate firm’s first core multifamily fund builds on an existing collection of open-ended funds focused on a single property type such as logistics or retail.

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