Investors

The London-based private equity real estate firm led by ex-Lone Star veteran Ellis Short has also completed its largest transaction to date, the acquisition of a €1 billion loan book from Deutsche Bank.

 The New York bank has closed Broad Street Real Estate Credit Partners II and has so far made just over $500 million of investments.   

Cyrus Driver has moved to head up the Mumbai team as the firm builds out its emerging markets footprint.

The largest division within CITIC Group has revealed plans to make the fund public within three years, and in just over a month has raised its entire RMB5.2 billion goal.

The State of Wisconsin Investment Board has awarded a $150 million separate account mandate to Bentall Kennedy in order to make its first investments in the property type.

In accounting for a significant share of an initial $300 million club fund managed by The Xander Group, the Dutch pension administrator is among the first institutional investors to back a core strategy in India.

The Singapore-based property company has teamed up with Oakwood Worldwide, a Los Angeles-based provider of serviced accommodation, with a view to opening more than 100 properties around the world over the next five years.

A key takeaway from this week's PERE Global Investor Forum in LA was that institutional investors active in the private real estate market should embrace its current flux by being proactive.

The Sydney-based property developer-cum-fund manager has sold down part of its stake in the Barangaroo South Project in Sydney's central business district and 70 Eagle Street in Brisbane in deals valued at a combined A$323 million.

The second largest US pension plan is considering the creation of a mortgage lending program, its real estate head revealed this week.