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data snapshot

Both the aggregate amount raised for private real estate vehicles and the number to close has been in decline.
So-called ‘beds for rent’ sectors in the UK are becoming a preferred allocation choice for investors over offices and retail, according to findings published by Investec.
The latest real estate institutional investor survey by placement agent Probitas Partners demonstrates tumbling appetite for office investments and competition fears.
James Jacobs, head of real estate for Lazard’s private capital advisory group, says the easing of restrictions on both sides of the Atlantic is changing institutions’ appetite for risk.
The strategy makes up almost half of the private real estate capital raised in the region, the highest proportion recorded since 2016.
Logistics warehouse
Institutions continue to seek exposure to logistics assets as retailers adapt to a changing marketplace. Identifying assets that will benefit from structural change is critical, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.
The top 10 managers accounted for 37% of the overall AUM in 2020, continuing the industry consolidation trend, according to the latest survey by industry organizations NCREIF, INREV and ANREV.
The $207bn global alternative asset manager’s US real estate debt platform made up the largest share of its AUM in the asset class.
Covid has not dampened the country's appeal to private investors.
Foreign capital accounted for 74% of total transactions in Q1 of the year, the highest first quarter percentage since 2017, according to deal data house Real Capital Analytics.

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