Allocation Strategy

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.

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 New York-based manager began investing in the property type in December 2021.

London-based Matter, which launched the capital raise in H2 2022, has already gathered more capital for the vehicle than for its first fund.

The Salt Lake City-based firm's second fund in the dedicated strategy raised nearly three times the capital of its predecessor.

The London-based firm will target expansion into Denmark, Sweden and the UK as part of its continued growth in the logistics sector.

The New York-based manager raised more than half of Fund X’s total from non-US investors.

In July, the Clothworkers’ Company exchanged contracts with AXA IM Alts for a long leasehold of the 1.2-acre site to make room for its newest building – a 650,000-square-foot office fit for the 21st century.