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Covenant closes 9th US apartment fund with $395m – Exclusive

Targeting value-add investments throughout the southeastern US, the firm had its most successful round of fundraising to date.

UBS turns to multifamily in Japan after shelving hotel strategy – Exclusive

Including a cornerstone investment from APG, UBS Asset Management is planning to raise $330m in total equity for a residential club vehicle.

Henderson Park’s maiden fund reaches $1.6bn on consultant support– Exclusive

Nick Weber’s sector newcomer, whose final close is slated for early next year, got buy ratings from six different firms. 

Overseas investors form bulk of Charter Hall’s $2.9bn industrial fund

The Sydney-based firm has raised $434m in fresh equity for its open-ended industrial vehicle in Australia that is expected to reach $2.9bn in total net asset value.

Ares raises its largest US real estate fund

The Los Angeles-based alternative asset management firm has continued to see the majority of capital in the fund series come from overseas investors.

The world’s biggest property fund might get 50% bigger

JPMorgan Asset Management is opening the $43bn Strategic Property Fund to foreign investors, prompting a debate between senior private real estate executives on whether a stampede of new commitments is coming.

JPMorgan to open world’s largest RE fund to foreign investors – Exclusive

The New York-based asset manager is expected to begin receiving commitments from overseas capital next year for its flagship property vehicle.

CPPIB, QuadReal back GLP for €2bn European logistics vehicle

Once the GLP Continental Europe Development Partners I is fully invested, GLP’s total assets under management in Europe are expected to reach $7.2bn.

Re-ups help SilkRoad raise $377m for latest Asia value-add fund – Exclusive

The Singapore-based real estate manager is targeting a minimum capital raise of $500m for its second pan Asia value-add fund.

Opportunity zone investors will want more than tax benefits

Firms raising capital for opportunity zone funds will need to pitch an investment strategy that considers social impact and specific tenant demands too.

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