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Australia’s First State Super makes US multifamily debut

Through a new $2bn JV with Lendlease, the fund hopes to learn lessons about development in gateway cities applicable to other markets, its head of real assets told PERE.

RE investment activity rises in H1 2018

Total deployment in the asset class from publicly traded firms Blackstone, Apollo, Carlyle, Ares and Brookfield increased year-on-year, but realizations dropped at the same time, according to the firms’ latest earnings results.

Brookfield’s $11.4bn Forest City take-private a ‘win-win’

The US REIT has suffered from problems including a poor return track record and nepotism, but after multiple failed bids, Brookfield is poised to accelerate development growth, analysts said.

Dyal expands RE exposure with Round Hill investment

New York-based Dyal Capital Partners’ strategy minority investment in Round Hill Capital is the firm’s second investment in a dedicated real estate platform.

Paulson’s $1bn RE arm spins out

Cross Lake Partners is aiming to attract a broader investor base as an independent firm.
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WATCH: The biggest risk in global real estate

The chief executive at AEW Europe said one factor could potentially drive institutional investors to sell off large amounts of property globally.

KKR Greater China real estate head departed – Exclusive

Rob Yang, who had joined the private equity powerhouse from Blackstone in 2016, has left the firm.

PGIM bets on Australia RE debt with senior hire

Stephen O’Keeffe has joined PGIM Real Estate to lead its real estate debt operations in Australia.

LaSalle’s multi-manager takeover ‘makes all the sense in the world’

The acquisition would add $7bn in AUM to the Chicago-based firm’s already sizable platform, but industry observers are divided as to whether similar M&A transactions would follow.

Delving into performance numbers

The differences in valuation methodologies among managers makes assessing a firm’s track record far from a straightforward process.

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