Home North America

North America

Bridge Investments, Salt Lake City
The Salt Lake City-based firm’s fundraising for its Multifamily IV and Debt Strategies III vehicles, contributed to a strong year for capital commitments.
fundraising
Private real estate fundraising ended 2019 on a sour note, with managers closing just $14.5 billion in the last three months of the year.
New York-based Pretium’s $1.5bn deal is one of the largest GP-led secondaries transactions recorded, as such deals account for a growing share of the market.
Predictions for 2020
The research notes flooding our inboxes during the first full work week of 2020 suggest niche investing, credit plays and operational improvements will be on the agenda in the year ahead.
self storage facility
North American fundraising looks to be strong in 2020, but it is expected to be led by large managers once again. Alternative assets and tailor-made structures will be of particular interest to investors as well.
As the prices of assets in US gateway cities rise, eyes will turn to attractive office investment opportunities in secondary cities, especially those experiencing rapid job growth.  
odce
Texas TRS seeded the fund with $990m and other investors followed suit, looking for liquidity and a passive approach to core real estate investment.
The capital advisory firm is adding to an Asia business that started in the region in the private equity sector six years ago.
Opportunity Zones
December 31 is the cutoff for investors to achieve the full tax benefits of the program, but many managers have raised no capital.
After being passed over initially, German investor BVK and partners snap up the building on the second attempt.
pere
pere

Copyright PEI Media

Not for publication, email or dissemination