Managers

PGIM eyes global expansion of RE defined contribution business

The New Jersey-based manager intends to launch new products in the strategy on the back of two senior personnel moves.

FX volatility weighs on Blackstone’s real estate business

Asian currency fluctuations in particular were a drag on the firm’s global opportunistic fund series in Q3.

HighBrook closes on its largest-ever fund – Exclusive

The New York-based firm garnered more than twice the amount of its previous capital raise.

Bridge launches opportunity zone initiative – Exclusive

The strategy taps a new federal program that encourages investment into low-income communities by offering tax benefits on an estimated $6.1trn of eligible unrealized capital gains.

Allianz’s China ticket comes with perks

The German insurer’s cornerstone investment in KaiLong’s commingled fund includes benefits such as input on investments, lower fees, and co-investment possibilities, says Asia-Pacific RE head Rushabh Desai.

PAG’s hostile bid for Spring REIT underscores take-private trend in Asia

Some of the poorly performing REITs in the region are ripe for takeovers by opportunistic managers, although the privatization process may be difficult to undertake.

Why Singaporean investors are on a global real estate buying spree

A growing number of Singapore-based investors are diversifying into Europe and US markets to balance their heavy reliance on Asia markets.

Fund manager settles with SEC on property fraud

Todd Hitt faces up to 20 years in prison on charges of misappropriating millions of dollars in investor funds to support an 'extravagant lifestyle' and make 'Ponzi-like' payments.

Peakside Capital launches its first tokenized RE fund

The European real estate investment manager is one of the first institutional names to seek to raise capital on the blockchain.

Tokio Marine to double its European manager count by the end of 2019 –...

Shinji Kawano, head of overseas investment at the insurance giant’s real estate investment arm, says it plans on committing capital to about 10 more managers by the end of next year.

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