Home North America

North America

Why midsize investors are ramping up in direct real estate

The Arizona State Retirement System's $450m joint venture with Tricon shows direct investment structures appeal to more than the top US pensions.

How real estate managers can do business with CalSTRS

The $240bn pension aims to be the ‘partner of choice’ for managers, operating companies and its peers in direct structures. Deputy CIO Scott Chan tells PERE how CalSTRS’ ‘collaborative model’ is the blueprint to achieve these goals

CalSTRS’ latest multifamily JV is its collaborative case in point

One of the US’s biggest pensions, the California State Teachers’ Retirement System, committed $300 million this week to a joint venture with Strada Investment Group, a San Francisco-based developer, to build apartments in the western US. The $240 billion pension fund will lean on BlackRock Real Estate, the real estate platform of the titanic asset […]

Why institutional capital is gravitating toward net leases

With attractive returns and steady cashflow, single-tenant assets are becoming popular for US investors.

Landlords should envisage a time that WeWork stops working

As the co-working giant delays its IPO to regroup, institutional landlords should do likewise by in their re-underwriting and planning for a worst-case scenario.

Why Chicago Teachers has not invested in RE debt in 18 months

The pension fund, among others, is concerned about the additional risks managers in the strategy are taking in order to meet higher return targets.

Real estate secondaries volumes dip in H1 2019 – Setter

Real estate secondaries transaction volumes fell 39.2% during the first half of 2019 but the dip is expected to be temporary, according to private equity secondary advisory firm Setter Capital.

Blackstone’s record-setting $20bn BREP IX close was well expected

As private real estate fund market consolidates, the New York manager continues to be the destination of choice for institutional capital

The late-cycle appeal of net-leased assets

The strategy is attracting an increasing amount of international capital, even as overall foreign real estate investment into the market has dropped

A movie studio with star power and private equity clout

With the sale of MBS Media Campus, Carlyle rolls the credits on the blockbuster-producing industrial property in California.

Copyright PEI Media

Not for publication, email or dissemination