Capital Formation

Blockchain and other innovations could help to remove some of the hurdles in reaching individual investors.

The property doyen, who built several of the biggest publicly-traded REITs, told NYU’s real estate conference, ‘you don’t have billionaires running these [non-traded] funds and they don’t own any part of it themselves.’

In adding to the $5bn raised in a first close for Blackstone Real Estate Partners Asia II last October the firm once again has beaten the region’s capital raising record for private real estate funds.

With Oaktree becoming the latest private equity firm to launch a non-traded REIT, the market could see the number of competitors double in the next two years, said the president of a competing vehicle.

The Hong Kong-based investment manager will seek investments in Australia for Fund VI, a first for its opportunistic series.

As traditional fundraising cools, institutional fund managers are lining up to access retail capital through the strategy

John Saunders, BlackRock’s head of Asia-Pacific real estate, reflects on the sale of Asia Square as the firm’s strategy in the region.

The TIAA subsidiary plans to join Blackstone and Starwood Capital Group with a US-focused permanent capital vehicle that could raise up to $5bn.

On the heels of Blackstone’s successful capital raise for its permanent capital vehicle, Starwood is launching a similar product.

The US endowment which has invested $75m in Blackstone’s latest Asia fund said the firm is able to seize on opportunities others cannot access due to its scale in the region.