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PERE Tokyo: Quality real estate assets will prevail over cycles
Japanese investors told delegates at the annual PERE conference that they were focused on diversifying their property portfolios in the face of an expected correction.
Redemptions lower Allianz RE debt AUM
The real estate investment group of the German insurer saw its RE debt assets under management drop from €19.3bn in 2018 to €18.9bn in H1 2019.
UBS AM, Townsend back CA Ventures’ open-end student housing fund – Exclusive
The Chicago-based manager is targeting a raise of $1.5bn in initial equity for the vehicle in the first three years.
Why family offices are increasing their real estate allocations
Following positive return performances in 2018, family office allocations to the strategy increased by 2.1 percentage points – more than any other asset class.
Hines hires PGIM exec Alfonso Munk amid management restructure
The Houston-based firm has moved to a more centralized structure and will have three regional chief investment officers.
PGIM raises $217m in third-party capital for Asia fund – Exclusive
The firm has reached an initial institutional close for its first open-end core product targeting the region, 30 months after the fund’s official launch.
€4.4bn of retail assets to hit European market by 2021 – INREV
The majority of the retail funds terminating before 2019 have failed to liquidate due to the poor performance of the retail sector, an INREV survey has found.
Real estate secondaries volumes dip in H1 2019 – Setter
Real estate secondaries transaction volumes fell 39.2% during the first half of 2019 but the dip is expected to be temporary, according to private equity secondary advisory firm Setter Capital.
Does AEW’s Asia core fund defection matter?
Whether the Boston-headquartered manager should fret over losing Gillian Chee, the manager of its incoming Asia core fund, is debatable.
AEW loses manager amid Asia fund launch – Exclusive
Gillian Chee was only brought on board in May to help launch the firm’s first open-ended core fund in Asia.
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