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Gerrity Group holds $200m first close on third US retail fund

The US retail market shows signs of life as fundraising ticks up and specialty managers zero in on grocery-anchored tenants.

The 10 least environmentally resilient cities – Exclusive

Nine out of the 10 are from the same geographic region, while one city is the second-most liquid real estate market in the world.

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.

Pennybacker raises more than $1bn for latest value-add vehicle

The firm exceeded the $600m target for its fifth value-add fund and raised additional capital for an investment vehicle linked to the main fund.
Patrick McKenna, Jim Sorenson and Jeremy Keele

Sorenson: From impact investor to manager

After almost two decades as an investor and advocate for impact investing, Jim Sorenson steps over the fence to launch his own impact investing fund in the US opportunity zone space.

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.

Why Colony’s exit timing has been impeccable

The real estate investment manager has suffered its share of missteps, but it is now the beneficiary of a real estate market dominated by fundraising giants.

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.

A newspaper building that became a big exit for Goldman

The former offices of newspaper The Charlotte Observer, which has chronicled the lives of the North Carolina community for nearly 100 years, has been born again as a modern mixed-use development.
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