Lagging performance indicators in private real estate is an existential problem for the sector, making alpha betting challenging for investors, argues James Corl, head of private real estate, Cohen & Steers.
NorthBridge's NB Partners Fund IV surpassed its target of $800m, and capital has been deployed to acquire 20 assets so far.
Judge gavel, scales of justice and law books in court
Momentum may be building in the fundraising space, but more managers are making concessions to get a slice of the action.
The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.
The venture is backed by two sovereign wealth funds and follows a 2021 industrial partnership with the same investors.
A view of the Palais and Croisette, Cannes, MIPIM 2024
Options for alternative lenders to capitalize on the opportunity in real estate debt are taking longer than expected to manifest in Europe.
While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.
Simon Mok Texas ERS
The pension plan’s head portfolio manager is seeking to allocate more capital to emerging sectors like industrial outdoor storage.
Korean capital is preoccupied with refinancing issues currently, but will return to market soon, said the banking group’s managing director.
In addition to expanding into non-core strategies, the investor is planning to increase its pool of real estate funds from five to 15 by 2025.

Copyright PEI Media

Not for publication, email or dissemination