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For the first time ever, interest in closed-ended commingled funds has dropped, a study published by Hodes Weill and Cornell University’s Baker Program in Real Estate has found.
Real estate investment manager DTZ and co-living brand The Collective aim to raise €650m for what they believe is the first institutional fund for the sector.
The Houston-based private equity real estate firm is planning to launch a new open-ended vehicle focused on the region early next year.
Following positive return performances in 2018, family office allocations to the strategy increased by 2.1 percentage points – more than any other asset class.
The Houston-based firm has moved to a more centralized structure and will have three regional chief investment officers.
With attractive returns and steady cashflow, single-tenant assets are becoming popular for US investors.
Europe’s biggest institutional real estate investor has kick-started its third-party equity management business on home turf and with familiar partners.
The onshore yuan logistics vehicle has commitments from domestic and international institutional investors.
Stuart Sziklas will join the firm as head of US custom accounts on September 3, and will lead the portfolio managers overseeing $10 billion across the firm’s separately managed accounts.
The global real estate manager said while tenant bankruptcies have resulted in a $150m loss since 2018, it has a plan to reposition its retail portfolio with more resilient tenants.
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